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Q2 FY26

Emami Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹376
Market cap₹16.4K Cr
P/E21.7
Updated16 Oct 2026
Read4 min read

The short version

FY '27 expected to be much better than FY '26 due to market recovery and new consumer inflows from unorganized segments. Emami expects a robust and profitable second half of FY26, supported by a favorable winter season and normalization post-GST reform.

From Emami's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • FY '27 expected to be much better than FY '26 due to market recovery and new consumer inflows from unorganized segments.
  • Q3 sales forecasted to see high single-digit to close-to-double-digit growth, driven by recovered winter loading and GST normalization.
  • Volume decline of around 16% in Q2 viewed as a one-off; volumes expected to bounce back strongly in H2 FY '26.
  • GST-driven price cuts (~INR 250-260 crores impact on MRP) intended to boost demand and consumer affordability.
  • Focus on scaling up key categories like Chyawanprash, cough syrups, supplements, and new D2C launches.
  • International business anticipates growth improvements with new product developments; SAARC region grew 22%, Nepal over 100%.

2 more points from Emami's call on revenue

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Profitability & Margins

See what Emami said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The transcript does not explicitly mention any current or future capex or capital investment plans by Emami Limited. However, the following points provide some insights related to strategic investments: - The company reported a 16% year-on-year and 36% sequential growth in its strategic investment portfolio, indicating improved performance. - Emami continues purposeful innovation and premiumization, launching new products like the transformation of Fair and Handsome into Smart and Handsome, and the relaunch of Kesh King Gold.

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Fundraising & Capital Structure

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Order Book & Pipeline

The provided transcript and documents do not contain specific information regarding Emami Limited's current or expected order book or pending orders. The discussion primarily revolves around: - Q2 FY26 financial results, - GST rate cuts and their impact, - growth in different business segments like Ayurvedic, Medico, international markets, - winter season loading and recovery, - product launches such as Kesh King Gold and Smart and Handsome extensions, - distribution and channel strategy,

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Emami — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹925 Cr, net profit ₹143 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Emami Q2 FY26 results?

FY '27 expected to be much better than FY '26 due to market recovery and new consumer inflows from unorganized segments. Emami expects a robust and profitable second half of FY26, supported by a favorable winter season and normalization post-GST reform.

What is Emami share price analysis?

Emami currently shows a neutral. The stock trades at a P/E of 21.7 with a market cap of ₹16,419 Cr. Investors should review the full earnings analysis for detailed insights.

Is Emami planning capital expenditure?

The transcript does not explicitly mention any current or future capex or capital investment plans by Emami Limited.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.