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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹1,152 Cr
verified against source
Revenue YoY
11%
reported change
EBITDA
₹384 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Emami delivered a strong Q3 FY26 with consolidated revenue of ₹1,152 crore (+11% YoY) and EBITDA of ₹384 crore (+13% YoY), with margins expanding 110 bps to 33.4%. Domestic volume growth was robust at 9%, led by Boro Plus (+16%) and Kesh King (+10%). The GST transition to a 5% slab for 88% of the portfolio is driving rural recovery, with management targeting double-digit growth. Quick commerce doubled its e-com contribution to 20%, and organized channels now account for 32% of sales. The tax rate is set to decline to ~25% from FY27. However, a weak summer season last year and cautious trade inventory ahead of summer remain near-term risks.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to achieve double-digit revenue growth going forward, driven by rural recovery and GST benefits.
- Due to union budget amendments, standalone tax rate will reduce to ~25% from 35% for FY27 onwards.
- Next year's focus is on shampoo sachets and other small SKUs to drive rural revival and target 8-9% growth.
Risks flagged
- Last year's poor summer and extended winter may lead to cautious trade stocking, affecting summer portfolio sales.
- Smart & Handsome range grew only 4% despite revamps; management admitted lack of clear strategy to revive double-digit growth.
- Elections and Ramadan holidays in Bangladesh could disrupt sales, though demand remains robust.
- International growth of 9% was dragged down by declines in Iraq and lukewarm response in North Africa.
Key quotes
- Our strategy of purposeful innovation and premiumization continues to gain traction.
- We have engaged KPMG to drive a future ready supply chain transforming across omni channel operations.
- The next growth driver should come from rural and our focus would be increasingly going into rural markets.
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