The call ran from 2:31 PM to 3:02 PM IST (32 min).
Key takeaways
Headline revenue growth of 36% flatters the quarter: like-to-like growth was 24%, gross margin fell 520 bps, and PAT fell 3% on tax normalisation.
| Revenue growth | Consolidated +36% to ₹1,088 Cr; like-to-like +24%; international -2%. |
|---|---|
| Margins | Gross margin down 520 bps; about 400 bps from raw materials, rest mix. |
| Demand visibility | Core H2 growth 18–20% guided; October international growth high double-digit. |
| Management confidence | Over-optimistic; 'worst is behind us' despite margin and export disruptions. |
Growth
Like-to-like consolidated revenue grew 24% versus the 36% headline; like-to-like domestic grew 32%, and international declined 2%.
Outlook
H2 FY27 core business growth guided at 18–20%; strategic investments ₹800+ Cr in FY27; full-year A&P 18–19% of sales.
Risks
Gross margin down 520 bps; about 2% of global business stuck as OTC hazardous goods; Iraq near-zero sales; Gulf supply chain strain.
Last quarter's promises, checked
Delivered
- Strategic like-to-like growth 61%, 'quite sustainable' → +73% like-to-like (= BEAT)
Partly delivered
- Talc back to FY25 levels, 'substantially high' this quarter → skin care +31%, talc not split (= PARTIAL)
- OTC double-digit growth rest of FY27 → healthcare +11%, OTC not split (= PARTIAL)
Missed
- Gross margin not to come down; input costs more than offset in FY27 → gross margin down 520 bps (= MISS)
- International decline 'now done', strong growth Q3/Q4 → international -2% (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Emami Q2 FY27 Results: Net Profit ₹145.5 Cr, Down 1.9% YoY
Emami Ltd reported revenue from operations of ₹1,088 Cr (+36.2% YoY) and net profit of ₹145.5 Cr (-1.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹145.5 Cr · -1.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Strategic focus on scaling 'Strategic Investments' (IncNut, Axiom) and premiumization in international markets like GCC and Bangladesh.
Growth they described
Revenue from operations grew 15% YoY to ₹1,039.2 cr; Profit After Tax declined 15.4% to ₹138.9 cr.
Call details
| Company | Emami Limited |
|---|---|
| NSE symbol | EMAMILTD |
| ISIN | INE548C01032 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 2:30 PM IST |
| Length | 32 min |
| Audio | Our stream on YouTube ↗ |
Emami Limited: key numbers
- Share price
- ₹387.60
- Market cap
- ₹16,919 Cr
- Revenue (annual)
- ₹3,780 Cr
- Net profit (annual)
- ₹775.3 Cr
- P/E (TTM)
- 22.6×Sector 40.6×
- Promoter holding
- 54.84%+0.00% QoQ
- FII holding
- 9.02%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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