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Emami Ltd — Interim / Quarterly Report 2026
May 21, 2026
61637_rns_2026-05-21_eee036c3-07ca-4595-b902-6d859da98530.pdf
Interim / Quarterly Report
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emami LIMITED
21st May, 2026
The Manager – Listing
The Manager – Listing
National Stock Exchange of India Ltd.
BSE Limited
Exchange Plaza, Plot No. C/1, Block – G
P Hiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (E)
Dalal Street
Mumbai – 400 051
Mumbai – 400 001
Scrip Code: EMAMILTD
Scrip Code: 531162
Sub: Outcome of Board Meeting held on 21st May, 2026
Dear Sir/ Madam,
In furtherance to our intimation dated 21st April, 2026, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), this is to inform you that the Board of Directors of the Company, at its meeting held today, i.e, 21st May, 2026, has inter-alia:
- considered and approved the Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended 31st March, 2026. In this regard, pursuant to Regulation 33 of the Listing Regulations, we are enclosing herewith the Audited Financial Results (Standalone & Consolidated) of the Company, for the quarter and financial year ended 31st March, 2026, along with the Auditor’s Report, issued by the Statutory Auditors of the Company – marked as Annexure - A; the Statutory Auditors have issued the Auditors' Report on Financial Results (Standalone & Consolidated) with an unmodified opinion.
The full format of the aforesaid results is annexed herewith for making the same available on the website of the Stock Exchanges. The results are also available on the Company’s website at www.emamiltd.in.
- considered and approved the re-appointment of Shri Harsha Vardhan Agarwal, Vice-Chairman & Managing Director (DIN: 00150089) of the Company, for a further period of 5 (five) years after completion of his existing term on 31st March, 2027, subject to the approval of shareholders at the ensuing Annual General Meeting.
Further, the details required as per Regulation 30 of the Listing Regulations, and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, are enclosed and marked as Annexure – B;
emami GROUP
EMAMI LIMITED
Regd. Office: Emami Tower, 687 Anandapur, E.M. Bypass, Kolkata 700107, West Bengal, India
P: +91 33 6613 6264 E: [email protected] W: www.emamiltd.com
CIN: L63993WB1983PLC036030
- considered and approved the re-appointment of M/s. V. K. Jain & Co, Cost Accountants (Firm Registration No: 00049) as Cost Auditors of the Company pursuant to the provisions of Section 148 (3) of the Companies Act, 2013, for the financial year 2026-27.
Further, the details required as per Regulation 30 of the Listing Regulations, and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, are enclosed and marked as Annexure – C;
- considered convening the 43rd (Forty-third) Annual General Meeting of the Shareholders of the Company on Tuesday, 25th August, 2026, through Video Conference/ Other Audio-Visual Means.
The Board meeting commenced at 12:00 Noon and concluded at 1.30 P.M.
The aforesaid information will also be available on the Company’s website at www.emamiltd.in.
This is for your information and record.
Thanking you,
Yours faithfully,
For Emami Limited
Ravi Varma
Company Secretary & Compliance Officer
Membership No.: F9531
(Encl: As above)
emami GROUP
EMAMI LIMITED
Regd. Office: Emami Tower, 687 Anandapur, E.M. Bypass, Kolkata 700107, West Bengal, India
P: +91 33 6613 6264 E: [email protected] W: www.emamiltd.com
CIN: L63993WB1983PLC036030
S.R. BATLIBOI & Co. LLP
Chartered Accountants
22, Camac Street
3rd Floor, Block 'B'
Kolkata – 700 016, India
Tel: +91 33 6134 4000
Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Emami Limited
Report on the audit of the Consolidated Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date consolidated financial results of Emami Limited ("Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associates for the quarter ended March 31, 2026 and for the year ended March 31, 2026 ("Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements/ financial results/financial information of the subsidiaries, the Statement:
i. includes the results of the following entities:
| Entity | Relationship |
|---|---|
| Emami Limited | Holding Company |
| Emami Bangladesh Limited | Subsidiary of Emami Limited |
| Emami International FZE | Subsidiary of Emami Limited |
| Emami Lanka (Pvt) Limited | Subsidiary of Emami Limited |
| Brillare Science Limited (Formerly Brillare Science Private Limited) | Subsidiary of Emami Limited |
| Helios Lifestyle Limited (Formerly Helios Lifestyle Private Limited | Subsidiary of Emami Limited |
| Emami International Personal Care LLC | Subsidiary of Emami International FZE |
| Emami RUS (LLC) | Subsidiary of Emami International FZE |
| Crème 21 GMBH (Formerly Fentus 113. GMBH) | Subsidiary of Emami International FZE |
| Overseas International FZE (Formerly Emami Overseas FZE) | Subsidiary of Emami International FZE |
S.R. Batliboi & Co. LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294
S.R. BATLIBOI & Co. LLP
Chartered Accountants
| Entity | Relationship |
|---|---|
| Emami Neo-Herbals International Ltd. | Subsidiary of Emami International FZE |
| Pharma Derm Company SAE | Subsidiary of Overseas International FZE |
| Tru Native F&B Private Limited | Associate of Emami Limited |
| Cannis Lupus Services India Private Limited | Associate of Emami Limited |
| Axiom Ayurveda Private Limited | Associate of Emami Limited |
| Axiom Foods and Beverages Private Limited | Associate of Emami Limited |
| Axiom Packwell Private Limited | Associate of Emami Limited |
ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive loss and other financial information of the Group for the quarter ended March 31, 2026 and for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Group and its associates in accordance with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Consolidated Financial Results
The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive loss and other financial information of the Group including its associates in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted
S.R. BATLIBOI & CO. LLP
in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.
In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of their respective companies to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associates are also responsible for overseeing the financial reporting process of their respective companies.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associates of which we are the independent auditors to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.
S.R. BATLIBOI & CO. LLP
Other Matter
a) The accompanying Statement includes the audited financial results/statements and other financial information, in respect of:
-
Three (3) subsidiaries, whose financial results/statements include total assets of Rs. 18,003 lacs as at March 31, 2026, total revenues of Rs. 7,963 lacs and Rs. 27,280 lacs, total net loss after tax of Rs. 1,138 lacs and Rs. 1,240 lacs, total comprehensive loss of Rs. 1,143 lacs and Rs. 1,237 lacs, for the quarter and the year ended on that date respectively, and net cash outflows of Rs. 197 lacs for the year ended March 31, 2026, as considered in the Statement which have been audited by their respective independent auditors.
-
Consolidated financial results/statements in respect of One (1) subsidiary (including its Six (6) subsidiaries), whose financial results/statements include total assets of Rs. 22,651 lacs as at March 31, 2026, total revenues of Rs. 10,351 lacs and Rs. 38,518 lacs, total net (loss)/profit after tax of Rs. (418) lacs and Rs. 1,833 lacs, total comprehensive (loss)/income of Rs. (508) lacs and Rs. 1,871 lacs, for the quarter and the year ended on that date respectively, and net cash outflows of Rs. 415 lacs for the year ended March 31, 2026, as considered in the Statement which have been audited by its independent auditor.
The independent auditor's report on the financial statements/financial results/financial information of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.
The accompanying Statement includes unaudited financial results /statements and other unaudited financial information in respect of:
- Five (5) associates, whose financial results/statements includes the Group's share of net loss of Rs. 36 lacs and Rs. 195 lacs and Group's share of total comprehensive loss of Rs. 39 lacs and Rs. 200 lacs for the quarter and for the year ended March 31, 2026 respectively, as considered in the Statement whose financial results /statements and other financial information have not been audited by any auditor.
These unaudited financial statements/ financial information/ financial results have been approved and furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these associates, is based solely on such unaudited financial statements/ financial information/financial results. In our opinion and according to the information and explanations given to us by the Management, these financial statements/ financial information/financial results are not material to the Group.
Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial results/financial information certified by the Management.
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For S.R. Batliboi & Co. LLP
Chartered Accountants
ICAI Firm Registration Number: 301003E/E300005
SHIVAM
CHOWDHARY
Digitally signed by SHIVAM CHOWDHARY
DN: cn=SHIVAM CHOWDHARY.
c=IN, c=PERSONAL
Date: 2026.05.21 13:39:45 +03'30'
per Shivam Chowdhary
Partner
Membership No.: 067077
UDIN: 26067077HQAZYN7929
Place: Kolkata
Date: May 21, 2026
EMAMI LIMITED
CIN No: L63993WR1903PLC036030
Regd. Office > Emami Tower, 687 Anandapur, E. M. Bypass, Kolkata 700 107, West Bengal
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED MARCH 31, 2026
F in Lacs
| S.N. | PARTICULARS | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| Audited (Refer note 8) | Unaudited | Audited (Refer note 8) | Audited | Audited | ||
| 1 | Income : | |||||
| (a) Revenue from Operations | 92,510 | 1,15,181 | 96,305 | 3,77,951 | 3,80,919 | |
| (b) Other Income | 2,318 | 1,897 | 2,116 | 8,511 | 6,811 | |
| Total Income | 94,828 | 1,17,078 | 98,421 | 3,86,462 | 3,87,730 | |
| 2 | Expenses : | |||||
| (a) Cost of Materials Consumed | 18,087 | 21,115 | 16,214 | 75,606 | 72,413 | |
| (b) Purchases of Stock-in-trade | 14,827 | 8,263 | 14,824 | 43,841 | 44,832 | |
| (c) (Increase)/ Decrease in Inventories of Finished Goods, Stock in trade and Work-in-Program | (3,722) | 4,448 | 1,805 | (5,646) | 2,178 | |
| (d) Employee Benefits Expense | 11,693 | 12,146 | 11,063 | 47,909 | 44,702 | |
| (e) Advertisement and Sales Promotion | 21,197 | 19,111 | 18,888 | 73,922 | 69,402 | |
| (f) Other Expenses | 11,756 | 11,678 | 11,567 | 45,954 | 44,881 | |
| Total Expenses | 73,840 | 76,761 | 74,361 | 2,81,586 | 2,78,408 | |
| 3 | Earnings before Finance costs, Depreciation & Amortisation, Share of Profit/(Loss) of Associates, Exceptional Item and Tax (1-2) | 20,988 | 40,317 | 24,060 | 1,04,876 | 1,09,322 |
| 4 | Finance Costs | 315 | 292 | 278 | 1,113 | 934 |
| 5 | Profit after Finance costs but before Depreciation & Amortisation, Share of Profit/(Loss) of Associates, Exceptional Item and Tax (3-4) | 20,673 | 40,025 | 23,782 | 1,03,763 | 1,08,388 |
| 6 | Depreciation & Amortisation Expense: | |||||
| a. Amortisation of Intangible assets | 1,959 | 2,304 | 2,275 | 8,845 | 9,255 | |
| b. Depreciation of Property, Plant & Equipment | 1,711 | 1,796 | 1,666 | 7,065 | 7,046 | |
| c. Depreciation of Right of Use Assets | 555 | 432 | 412 | 1,824 | 1,520 | |
| Total Depreciation & Amortisation Expense | 4,225 | 4,532 | 4,353 | 17,734 | 17,821 | |
| 7 | Profit before Share of Profit/(Loss) of Associates, Exceptional Item and Tax (5-6) | 16,448 | 35,493 | 19,429 | 86,029 | 90,567 |
| 8 | Share of Profit/(Loss) of Associates | (41) | 27 | (59) | (407) | (1,181) |
| 9 | Profit before Tax and Exceptional Item (7+8) | 16,407 | 35,520 | 19,370 | 85,622 | 89,386 |
| 10 | Exceptional item (Refer note 5) | - | (1,015) | - | (1,015) | - |
| 11 | Profit before Tax (9+10) | 16,407 | 34,505 | 19,370 | 84,607 | 89,386 |
| 12 | Tax Expense/(Credit): | |||||
| a. Current Tax (including MAT) | 4,063 | 6,404 | 4,214 | 17,296 | 17,872 | |
| b. Deferred Tax (Credit)/Charge | (254) | (925) | 311 | (1,799) | (369) | |
| c. MAT Credit Entitlement (Refer note 4) | (1,719) | (2,922) | (1,372) | (8,416) | (8,391) | |
| Total Tax Expense | 2,090 | 2,557 | 3,153 | 7,081 | 9,112 | |
| 13 | Profit after Tax (PAT) (11-12) | 14,317 | 31,948 | 16,217 | 77,526 | 80,274 |
| 14 | Other Comprehensive Income / (Loss) : | |||||
| Items that will not be reclassified to Statement of Profit or Loss in subsequent periods | (3,040) | (504) | (2,376) | (2,688) | (2,662) | |
| Income tax relating to items that will not be reclassified to statement of profit and loss | 152 | (37) | 89 | 128 | 91 | |
| Share of Other Comprehensive Income / (Loss) of Associates (net of tax) | (3) | (2) | 2 | (5) | 5 | |
| Items that will be reclassified to Statement of Profit or Loss in subsequent periods | (141) | 122 | 109 | 206 | (444) | |
| Income tax relating to items that will be reclassified to Statement of profit and loss | 121 | - | - | 121 | - | |
| 15 | Total Comprehensive Income for the period/ Year (13+14) | 11,406 | 31,527 | 14,041 | 75,288 | 77,264 |
| 16 | Profit attributable to : | |||||
| a) Equityholders of the parent | 14,318 | 31,948 | 16,217 | 77,527 | 80,646 | |
| b) Non-controlling Interest | (1) | 0* | 0* | (1) | (372) | |
| 17 | Other Comprehensive Income attributable to : | |||||
| a) Equityholders of the parent | (2,907) | (419) | (2,176) | (2,228) | (3,003) | |
| b) Non-controlling Interest | (4) | (2) | 0* | (10) | (7) | |
| 18 | Total Comprehensive Income attributable to : | |||||
| a) Equityholders of the parent | 11,411 | 31,529 | 14,041 | 75,299 | 77,643 | |
| b) Non-controlling Interest | (5) | (2) | 0* | (11) | (379) | |
| 19 | Paid - up Equity Share Capital (Face Value - Re 1/- per Share) | 4,365 | 4,365 | 4,365 | 4,365 | 4,365 |
| 20 | Other Equity | 2,88,033 | 2,65,114 | |||
| 21 | Earnings per Share (EPS) (in Rs.) | |||||
| (Face value of Re 1/- each) (not Annualised) | ||||||
| (a) Basic | 3.28 | 7.32 | 3.72 | 17.76 | 18.48 | |
| (b) Diluted | 3.28 | 7.32 | 3.72 | 17.76 | 18.48 |
- Figures marked with (*) are below the rounding off norm adopted by the Group.
EMAMI LIMITED
CIN No : L63993WB1983PLC036030
Regd. Office :- 687 Anandapur, Emami Tower, E. M. Bypass, Kolkata 700 107, West Bengal
STATEMENT OF ASSETS AND LIABILITIES
₹ in Lacs
| S.N. | PARTICULARS | Consolidated | |
|---|---|---|---|
| Audited | Audited | ||
| As at 31.03.2026 | As at 31.03.2025 | ||
| 1 | ASSETS | ||
| Non-Current Assets | |||
| (a) Property, Plant and Equipment | 52,924 | 54,455 | |
| (b) Capital Work-in-Progress | 79 | 1,328 | |
| (c) Investment Properties | 4,007 | 5,108 | |
| (d) Goodwill | 6,819 | 6,819 | |
| (e) Other Intangible Assets | 20,681 | 29,222 | |
| (f) Right of Use Assets | 4,215 | 2,834 | |
| (g) Intangible Assets under Development | 58 | 169 | |
| (h) Investments accounted for using equity method | 8,659 | 11,189 | |
| (i) Financial Assets | |||
| (i) Investments | 27,585 | 13,982 | |
| (ii) Loans | 475 | 525 | |
| (iii) Other Financial assets | 1,140 | 1,020 | |
| (j) Deferred Tax Assets (Net) (Refer Note 4) | 62,617 | 52,393 | |
| (k) Other Non-Current Assets | 899 | 952 | |
| 1,90,158 | 1,79,996 | ||
| 2 | Current assets | ||
| (a) Inventories | 39,957 | 30,810 | |
| (b) Financial Assets | |||
| (i) Investments | 47,188 | 42,402 | |
| (ii) Trade Receivables | 34,332 | 45,129 | |
| (iii) Cash and Cash Equivalents | 17,675 | 10,463 | |
| (iv) Bank Balance other than (iii) above | 23,309 | 16,828 | |
| (v) Loans | 2,319 | 420 | |
| (vi) Other Financial Assets | 7,288 | 12,954 | |
| (c) Current Tax Assets (Net) | 72 | 45 | |
| (d) Other Current Assets | 21,346 | 14,315 | |
| 1,93,486 | 1,73,366 | ||
| Total Assets (1+2) | 3,83,644 | 3,53,362 | |
| 1 | EQUITY AND LIABILITIES | ||
| Equity | |||
| (a) Equity Share Capital | 4,365 | 4,365 | |
| (b) Other Equity | 2,88,033 | 2,65,114 | |
| Total Equity attributable to equity holders of the Parent | 2,92,398 | 2,69,479 | |
| (c) Non-Controlling Interest | (154) | (143) | |
| Total Equity | 2,92,244 | 2,69,336 | |
| 2 | LIABILITIES | ||
| Non-Current Liabilities | |||
| (a) Financial Liabilities | |||
| (i) Lease Liabilities | 2,412 | 1,728 | |
| (ii) Other Financial Liabilities | 321 | 304 | |
| (b) Provisions | 3,135 | 1,929 | |
| (c) Deferred Tax Liabilities (Net) | 593 | 841 | |
| (d) Other Non-Current Liabilities | 1,115 | 1,289 | |
| 7,576 | 6,091 | ||
| 3 | Current Liabilities | ||
| (a) Financial Liabilities | |||
| (i) Borrowings | 12,238 | 6,208 | |
| (ii) Lease Liabilities | 1,542 | 1,042 | |
| (iii) Trade Payables | |||
| Total outstanding dues of Micro & Small Enterprises | 5,300 | 5,607 | |
| Total outstanding dues of creditors other than Micro & Small Enterprises | 42,406 | 37,953 | |
| (iv) Other Financial Liabilities | 6,663 | 12,579 | |
| (b) Other Current Liabilities | 3,847 | 4,230 | |
| (c) Provisions | 9,904 | 8,532 | |
| (d) Current Tax Liabilities (Net) | 1,924 | 1,784 | |
| 83,824 | 77,935 | ||
| Total Equity and Liabilities (1+2+3) | 3,83,644 | 3,53,362 |
CIN No: L63993WB1983PLC036030
Regd. Office: 687, Anandapur, Emami Tower, E. M. Bypass, Kolkata - 700 107, West Bengal
AUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2026
₹ in Lacs
| Year Ended March 31, 2026 | Year Ended March 31, 2025 | ||
|---|---|---|---|
| Audited | Audited | ||
| A. | CASH FLOW FROM OPERATING ACTIVITIES : | ||
| PROFIT BEFORE TAX | 84,607 | 89,386 | |
| Adjustments for : | |||
| Profit on sale/fair value of mutual funds and AIF (net) | (4,237) | (3,857) | |
| Depreciation and Amortisation Expense | 17,734 | 17,821 | |
| Finance Costs | 1,113 | 934 | |
| Interest income on Loans, Deposits & Commercial Paper | (3,085) | (2,000) | |
| (Profit)/Loss on Sale/Disposal of Property, Plant & Equipments (net) | (103) | 19 | |
| Dividend Income from equity investment carried at fair value through OCI | (127) | (127) | |
| Dividend Income from equity investment carried at cost | - | (1) | |
| Share of loss of Associates | 407 | 1,181 | |
| Sundry balances written back (net) | (12) | (27) | |
| Share Base payment in a subsidiary | - | 50 | |
| Provision for doubtful receivables | 14 | 74 | |
| Loss on Impairment of Investments in Associates (Net) | 74 | - | |
| Cash Generated from operations before working capital changes | 96,385 | 1,03,453 | |
| Adjustments for working capital changes : | |||
| Increase /(Decrease) in Trade Payables and Other Liabilities | 3,372 | (518) | |
| (Increase)/ Decrease in Inventories | (9,147) | 1,530 | |
| Decrease in Trade Receivables | 10,757 | 4,213 | |
| Decrease in Loans and Other Financial Assets | 897 | 180 | |
| (Increase) / Decrease in Other Non Financial Assets | (7,074) | 1,561 | |
| Increase / (Decrease) in Provisions | 2,053 | (2,351) | |
| 858 | 4,615 | ||
| CASH GENERATED FROM OPERATIONS | 97,243 | 1,08,068 | |
| Less : Direct Taxes Paid (net of refund) | 17,190 | 18,480 | |
| NET CASH GENERATED FROM OPERATING ACTIVITIES | 80,053 | 89,588 | |
| B. | CASH FLOW FROM INVESTING ACTIVITIES : | ||
| Purchase of Property, Plant & Equipment & Intangible Assets (Including Capital Work-in-Progress and Intangible Assets under Development) | (4,332) | (4,457) | |
| Proceeds from Sale of Property, Plant & Equipment and Investment Property | 1,293 | 114 | |
| Interest Received | 1,737 | 1,694 | |
| Dividend Received | 127 | 128 | |
| Purchases of Current Investments | (2,94,620) | (2,34,920) | |
| Proceeds from Sale of Current Investments | 2,83,873 | 2,11,648 | |
| Investment in Alternative Investment Fund (AIF) | (2,187) | (1,003) | |
| Proceeds from Alternative Investment Fund (AIF) | 1,184 | 1,634 | |
| Loan given to Associates | (2,800) | (700) | |
| Investment in Exchange Traded Funds | (3,981) | - | |
| Investment in Optionally Convertible Debentures of Associate | (400) | - | |
| Investment in Compulsorily Convertible Preference Shares | - | (200) | |
| Deposits made with Banks | (24,249) | (32,782) | |
| Proceeds from maturity of Deposits with Banks | 26,241 | 24,829 | |
| NET CASH USED IN INVESTING ACTIVITIES | (18,114) | (34,015) | |
| C. | CASH FLOW FROM FINANCING ACTIVITIES | ||
| Repayment of Short Term Borrowings | - | (11,946) | |
| Proceeds from Short Term Borrowings | 7,500 | 13,773 | |
| Transfer (to) /from Escrow Account (Net) | (16) | (4) | |
| Consideration paid towards purchase of NCI of a Subsidiary | (5,921) | (11,995) | |
| Interest Paid | (1,140) | (925) | |
| Dividend Paid | (52,380) | (34,920) | |
| Payment of principal portion of lease liabilities | (2,022) | (1,502) | |
| Payment against cancellation of share based payments in a subsidiary | - | (254) | |
| Cash Credit (repaid) (net) | (1,470) | (2,188) | |
| NET CASH USED IN FINANCING ACTIVITIES | (55,449) | (49,961) | |
| D. | Effect of Foreign Exchange Fluctuation | 722 | (444) |
| NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C+D) | 7,212 | 5,168 | |
| Add- CASH & CASH EQUIVALENTS-OPENING BALANCE | 10,463 | 5,295 | |
| CASH & CASH EQUIVALENTS-CLOSING BALANCE | 17,675 | 10,463 |
NOTES TO AUDITED CONSOLIDATED FINANCIALS RESULTS
-
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 20, 2026 and May 21, 2026 respectively.
-
The consolidated financial results of the Group have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.
-
The above consolidated financial results include unaudited/unreviewed interim financial results and other unaudited/unreviewed financial information in respect of:
Five (5) associates, whose financial results/financial information includes the Group's share of net loss of Rs. 36 lacs and Rs. 195 lacs and Group's share of total comprehensive loss of Rs. 39 lacs and Rs. 200 lacs for the quarter and year ended March 31, 2026 respectively.
The Management believes that there would not be any significant impact, had these financial information been subjected to audit/review by the auditor.
-
One of the manufacturing facilities of the Holding Company, located in Assam, is eligible for availing income tax benefits till current financial year under section 80IE of Income Tax Act, 1961 (IT Act) as a result of which the Holding Company is paying Minimum Alternate Tax (MAT) under section 115 JB of the IT Act. In order to determine the utilization of MAT credit in future years, the management has projected its book profits and tax profits and based on the same, recognized MAT credit. During the quarter and year ended March 31, 2026, the Holding Company has recognised MAT Credit amounting to Rs. 1,719 lacs and Rs. 8,416 lacs respectively and the balance as at March 31, 2026 is Rs. 61,837 lacs.
-
On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the 'New Labour Codes') which consolidate twenty nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Group has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the group has presented this incremental impact aggregating Rs. 1,015 lacs consisting of certain employee benefits primarily arising due to change in wage definition under "Exceptional Item" in the audited consolidated financial results for the year ended March 31, 2026. The Group continues to monitor the developments pertaining to the implementation of the New Labour Codes, including related rules there to and the impact of these will be accounted in accordance with applicable accounting standards.
-
Subsequent to the year ended 31 March 2026, the Holding Company has executed a definitive agreement to acquire the remaining 73.5% stake in Axiom Ayurveda Pvt. Ltd. ("Axiom") an associate company (existing stake 26.5%) subject to completion of customary closing conditions involving an aggregate consideration not exceeding Rs.200 crores.
-
Subsequent to the year ended 31 March 2026, the Holding Company has entered into a Share Subscription and Purchase Agreement to acquire 60% stake (on a fully diluted basis) in IncNut Digital Pvt. Ltd. ("IncNut"), along with its subsidiaries and associates at an aggregate consideration of up to Rs. 321 crores.
-
The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to March 31, 2026 / March 31, 2025 and the unaudited published year-to-date figures up to December 31, 2025 / December 31, 2024, being the date of the end of the third quarter of the financial year which were subjected to limited review.
-
The Group's business activity falls within a single operating segment, viz, "Personal and Healthcare". Information pertaining to Geographical segment is given below:
GEOGRAPHICAL DISCLOSURE OF SEGMENT WISE REVENUE AND NON CURRENT ASSETS
₹ in Lacs
| PARTICULARS | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| Audited (Refer note 8) | Unaudited | Audited (Refer note 8) | Audited | Audited | |
| Segment Revenue (Revenue from Operation) # | |||||
| Within India | 74,490 | 97,758 | 77,447 | 3,10,320 | 3,15,947 |
| Outside India | 18,020 | 17,423 | 18,858 | 67,631 | 64,972 |
| Revenue from Operations | 92,510 | 1,15,181 | 96,305 | 3,77,951 | 3,80,919 |
| Non Current Assets* | |||||
| Within India | 86,038 | 88,965 | 97,879 | 86,038 | 97,879 |
| Outside India | 3,644 | 1,983 | 3,008 | 3,644 | 3,008 |
| Non Current Assets | 89,602 | 90,948 | 1,00,807 | 89,602 | 1,00,807 |
| # Based on Customer location/destination | |||||
| * Other than Tax Assets, Financial Assets & Investments accounted for using equity method |
- These financial results are available on the Holding Company's website at https://www.emamiltd.in.
For and on behalf of the board
Mohan
Diphaly signed by
Mohan Goenka
Date: 2026.05.21
13:32:22 +05'30'
Mohan Goenka
Vice-Chairman and Whole-time Director
Place: Kolkata
Date: May 21, 2026
22, Camac Street
3rd Floor, Block 'B'
Kolkata – 700 016, India
Tel: +91 33 6134 4000
Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Emami Limited
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date standalone financial results of Emami Limited (the "Company") for the quarter ended March 31, 2026 and for the year ended March 31, 2026 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive loss and other financial information of the Company for the quarter ended March 31, 2026 and for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
S.R. Batliboi & Co. LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294
Management's Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive loss of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026
and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For S.R. BATLIBOI & Co. LLP
ICAI Firm Registration Number: 301003E/E300005
SHIVAM
CHOWDHARY
Digitally signed by SHIVAM
CHOWDHARY
DN: cn=SHIVAM CHOWDHARY,
cvRr: cvPERSONAL
Date: 2026.05.21 13:40:58 +05'30'
per Shivam Chowdhary
Partner
Membership No.: 067077
UDIN: 26067077XKFHTU1206
Place: Kolkata
Date: May 21, 2026
EMAMI LIMITED
CIN No : L63993WB1983PLC036030
Regd. Office : Emami Tower, 687 Anandapur, E. M. Bypass, Kolkata 700107, West Bengal
AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED MARCH 31, 2026
₹ in Lacs
| S.N. | PARTICULARS | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| Audited (Refer note 8) | Unaudited | Audited (Refer note 8) | Audited | Audited | ||
| 1 | Income : | |||||
| (a) Revenue from Operations | 72,961 | 95,772 | 78,060 | 3,04,826 | 3,12,355 | |
| (b) Other Income | 2,457 | 1,921 | 6,645 | 11,854 | 15,744 | |
| Total Income | 75,418 | 97,693 | 84,705 | 3,16,680 | 3,28,099 | |
| 2 | Expenses : | |||||
| (a) Cost of Materials Consumed | 16,325 | 19,741 | 14,874 | 69,994 | 67,606 | |
| (b) Purchases of Stock-in-trade | 9,876 | 3,452 | 10,810 | 24,851 | 28,284 | |
| (c) (Increase) / Decrease in Inventories of Finished Goods, Stock | (3,346) | 4,365 | 1,457 | (4,597) | 1,877 | |
| in trade and Work-in-Progress | ||||||
| (d) Employee Benefits Expense | 8,655 | 9,009 | 8,789 | 36,098 | 35,187 | |
| (e) Advertisement and Sales Promotion | 12,181 | 11,942 | 12,583 | 47,169 | 48,717 | |
| (f) Other Expenses | 9,620 | 8,733 | 10,467 | 36,312 | 36,956 | |
| Total Expenses | 53,311 | 57,242 | 58,980 | 2,09,827 | 2,18,627 | |
| 3 | Earnings before Finance costs, Depreciation & Amortisation, Exceptional Item and Tax (1-2) | 22,107 | 40,451 | 25,725 | 1,06,853 | 1,09,472 |
| 4 | Finance Costs | 50 | 49 | 59 | 196 | 211 |
| 5 | Profit after Finance costs but before, Depreciation & Amortisation, Exceptional Item and Tax (3-4) | 22,057 | 40,402 | 25,666 | 1,06,657 | 1,09,261 |
| 6 | Depreciation & Amortisation Expense : | |||||
| a. Amortisation of Intangible assets | 1,724 | 2,064 | 2,043 | 7,892 | 8,313 | |
| b. Depreciation of Property, Plant & Equipment | 1,572 | 1,661 | 1,634 | 6,542 | 6,548 | |
| c. Depreciation of Right of Use Assets | 298 | 284 | 267 | 1,129 | 976 | |
| Total Depreciation & Amortisation Expense | 3,594 | 4,009 | 3,944 | 15,563 | 15,837 | |
| 7 | Profit before Exceptional Item and Tax (5-6) | 18,463 | 36,393 | 21,722 | 91,094 | 93,424 |
| 8 | Exceptional item (Refer note 4) | - | (1,015) | - | (1,015) | - |
| 9 | Profit before Tax (7+8) | 18,463 | 35,378 | 21,722 | 90,079 | 93,424 |
| 10 | Tax Expense/ (Credit) : | |||||
| a. Current Tax (MAT) | 3,740 | 6,148 | 3,730 | 15,838 | 15,911 | |
| b. Deferred Tax (Credit)/Charge | (197) | (828) | 391 | (1,505) | (18) | |
| c. MAT Credit Entitlement (Refer note 3) | (1,719) | (2,922) | (1,372) | (8,416) | (8,391) | |
| Total Tax Expense / (Credit) | 1,824 | 2,398 | 2,749 | 5,917 | 7,502 | |
| 11 | Profit after Tax (PAT) (9-10) | 16,639 | 32,980 | 18,973 | 84,162 | 85,922 |
| 12 | Other Comprehensive Income / (Loss) : | |||||
| Items that will not be reclassified to Profit or Loss in subsequent periods | (3,024) | (481) | (2,324) | (2,667) | (2,673) | |
| Income tax relating to items that will not be reclassified to Statement of profit and loss | 153 | (38) | 93 | 127 | 92 | |
| Items that will be reclassified to Statement of Profit or Loss in subsequent periods | (517) | - | - | (517) | - | |
| Income tax relating to items that will be reclassified to Statement of profit and loss | 121 | - | - | 121 | - | |
| Total Comprehensive Income for the period/ Year (11+12) | 13,372 | 32,461 | 16,742 | 81,226 | 83,341 | |
| 14 | Paid - up Equity Share Capital (Face Value - Re 1/- per Share) | 4,365 | 4,365 | 4,365 | 4,365 | 4,365 |
| 15 | Other Equity | 3,11,197 | 2,82,351 | |||
| 16 | Earnings per Share (EPS) (in Rs.) | |||||
| (Face value of Re 1/- each) (not Annualised) | ||||||
| (a) Basic | 3.81 | 7.56 | 4.35 | 19.28 | 19.68 | |
| (b) Diluted | 3.81 | 7.56 | 4.35 | 19.28 | 19.68 |
EMAMI LIMITED
CIN No : L63993WB1983PLC036030
Regd. Office :- 687 Anandapur, Emami Tower, E. M. Bypass, Kolkata 700 107, West Bengal
STATEMENT OF ASSETS AND LIABILITIES
₹ in Lacs
| S.N. | PARTICULARS | Standalone | |
|---|---|---|---|
| Audited | Audited | ||
| As at 31.03.2026 | As at 31.03.2025 | ||
| 1 | ASSETS | ||
| Non-Current Assets | |||
| (a) Property, Plant and Equipment | 50,505 | 52,251 | |
| (b) Capital Work-in-Progress | 79 | 1,115 | |
| (c) Investment Properties | 4,007 | 4,101 | |
| (d) Intangible Assets | 18,492 | 26,125 | |
| (e) Right of Use Assets | 1,811 | 1,552 | |
| (f) Intangible Assets under Development | 58 | 132 | |
| (g) Financial Assets | |||
| (i) Investments | 72,369 | 57,147 | |
| (ii) Loans | 2,575 | 1,930 | |
| (iii) Other Financial Assets | 928 | 885 | |
| (h) Deferred Tax Assets (Net) (Refer note 3) | 62,222 | 52,052 | |
| (i) Other Non-Current Assets | 895 | 948 | |
| 2,13,941 | 1,98,238 | ||
| 2 | Current Assets | ||
| (a) Inventories | 33,430 | 25,857 | |
| (b) Financial Assets | |||
| (i) Investments | 47,188 | 42,402 | |
| (ii) Trade Receivables | 18,950 | 28,467 | |
| (iii) Cash and Cash Equivalents | 13,405 | 5,864 | |
| (iv) Bank balance other than (iii) above | 18,296 | 12,294 | |
| (v) Loans | 2,319 | 210 | |
| (vi) Other Financial Assets | 8,083 | 13,426 | |
| (c) Other Current Assets | 16,946 | 11,645 | |
| 1,58,617 | 1,40,165 | ||
| Total Assets (1+2) | 3,72,558 | 3,38,403 | |
| 1 | EQUITY AND LIABILITIES | ||
| EQUITY | |||
| (a) Equity Share Capital | 4,365 | 4,365 | |
| (b) Other Equity | 3,11,197 | 2,82,351 | |
| Total Equity | 3,15,562 | 2,86,716 | |
| 2 | LIABILITIES | ||
| Non-Current Liabilities | |||
| (a) Financial Liabilities | |||
| (i) Lease Liabilities | 663 | 752 | |
| (ii) Other Financial Liabilities | 321 | 304 | |
| (b) Provisions | 2,209 | 1,403 | |
| (c) Other Non-Current Liabilities | 1,115 | 1,290 | |
| 4,308 | 3,749 | ||
| 3 | Current Liabilities | ||
| (a) Financial Liabilities | |||
| (i) Borrowings | 7,500 | 29 | |
| (ii) Lease Liabilities | 1,003 | 628 | |
| (iii) Trade Payables | |||
| Total outstanding dues of Micro & Small Enterprises | 4,482 | 5,298 | |
| Total outstanding dues of creditors other than Micro & Small Enterprises | 24,807 | 22,343 | |
| (iv) Other Financial Liabilities | 5,096 | 11,132 | |
| (b) Other Current Liabilities | 1,935 | 2,871 | |
| (c) Provisions | 6,553 | 5,424 | |
| (d) Current Tax Liabilities (Net) | 1,312 | 213 | |
| 52,688 | 47,938 | ||
| Total Equity and Liabilities (1+2+3) | 3,72,558 | 3,38,403 |
CIN No: L63993WB1983PLC036030
Regd. Office: 687, Anandapur, Emami Tower, E. M. Bypass, Kolkata - 700 107, West Bengal
AUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2026
₹ in Lacs
| Year Ended March 31, 2026 | Year Ended March 31, 2025 | |
|---|---|---|
| Audited | Audited | |
| A. | CASH FLOW FROM OPERATING ACTIVITIES : | |
| PROFIT BEFORE TAX | 90,079 | 93,424 |
| Adjustments for : | ||
| Profit on sale/Fair Value of mutual funds and AIF (net) | (4,237) | (3,857) |
| Depreciation and Amortisation Expense | 15,563 | 15,837 |
| Finance Costs | 196 | 211 |
| Interest income on Loans, Deposits & Commercial Paper | (2,818) | (1,658) |
| (Profit)/Loss on Sale/Disposal of Property, Plant & Equipments (net) | (158) | 18 |
| Dividend Income from equity investment carried at fair value through OCI | (127) | (127) |
| Sundry balances written off/(back) (Net) | (4) | (160) |
| Unrealised Foreign Exchange (Gain)/Loss (net) | (277) | (76) |
| Dividend Income from equity investment carried at cost | (3,261) | (6,376) |
| Gain on reversal of provision for financial guarantee obligation | (265) | (2,788) |
| Loss on Impairment of Investments in Associates (Net) | 444 | 1,018 |
| Cash Generated from operations before working capital changes | 95,135 | 95,466 |
| Adjustments for working capital changes : | ||
| Increase in Trade Payables and Other Liabilities | 127 | 4,469 |
| (Increase)/Decrease in Inventories | (7,573) | 970 |
| Decrease/(Increase) in Trade Receivables | 9,854 | (412) |
| Decrease in Loans and Other Financial Assets | 550 | 991 |
| (Increase)/Decrease in Other Non Financial Assets | (5,345) | 1,771 |
| Increase/(Decrease) in Provisions | 1,431 | (141) |
| (956) | 7,648 | |
| CASH GENERATED FROM OPERATIONS | 94,179 | 1,03,114 |
| Less : Direct Taxes Paid (net of refund) | 14,739 | 16,755 |
| NET CASH GENERATED FROM OPERATING ACTIVITIES | 79,440 | 86,359 |
| B. | CASH FLOW FROM INVESTING ACTIVITIES : | |
| Purchase of Property, Plant & Equipment & Intangible Assets (Including Capital Work-in-Progress and Intangible Assets under Development) | (3,722) | (4,064) |
| Proceeds from Sale of Property, Plant & Equipment | 280 | 107 |
| Interest Received | 1,459 | 1,187 |
| Dividend Received | 3,388 | 6,503 |
| Purchases of Current Investments | (2,94,620) | (2,34,920) |
| Proceeds from Sale of Current Investments | 2,83,873 | 2,11,648 |
| Investment in Compulsorily Convertible Preference Shares of Associate | - | (200) |
| Investment in Optionally Convertible Debentures of Associate | (400) | - |
| Investment in Subsidiary Companies | (7,021) | (12,855) |
| Investment in Alternative Investment Funds (AIF) | (2,187) | (1,003) |
| Proceeds from Alternative Investment Funds (AIF) | 1,184 | 1,634 |
| Investment in Exchange Traded Funds | (3,981) | - |
| Loan given to Subsidiary Companies | (3,600) | (1,905) |
| Loans given to Associate Companies | (2,800) | (700) |
| Deposits made with Banks | (20,480) | (28,958) |
| Proceeds from maturity of Deposits with Banks | 22,955 | 17,048 |
| NET CASH USED IN INVESTING ACTIVITIES | (25,672) | (46,478) |
| C. | CASH FLOW FROM FINANCING ACTIVITIES | |
| Repayment of Short Term Borrowings | - | (1,114) |
| Proceeds from Short Term Borrowings | 7,500 | 1,000 |
| Transfer (to) /from Escrow Account (Net) | (16) | (4) |
| Interest Paid | (198) | (212) |
| Dividend Paid | (52,380) | (34,920) |
| Payment of principal portion of lease liabilities | (1,104) | (941) |
| Cash Credit (repaid) (Net) | (29) | (597) |
| NET CASH USED IN FINANCING ACTIVITIES | (46,227) | (36,788) |
| NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C) | 7,541 | |
| Add- CASH & CASH EQUIVALENTS- OPENING BALANCE | 5,864 | 2,771 |
| CASH & CASH EQUIVALENTS- CLOSING BALANCE | 13,405 | 5,864 |
NOTES TO AUDITED STANDALONE FINANCIALS RESULTS
-
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 20, 2026 and May 21, 2026 respectively.
-
The financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.
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One of the manufacturing facilities of the Company, located in Assam, is eligible for availing income tax benefits till current financial year under section 80IE of Income Tax Act, 1961 (IT Act) as a result of which the Company is paying Minimum Alternate Tax (MAT) under section 115 JB of the IT Act. In order to determine the utilization of MAT credit in future years, the management has projected its book profits and tax profits and based on the same, recognized MAT credit. During the quarter and year ended March 31, 2026, the Company has recognised MAT Credit amounting to Rs. 1,719 lacs and Rs. 8,416 lacs respectively and the balance as at March 31, 2026 is Rs. 61,837 lacs.
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On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the 'New Labour Codes') which consolidate twenty nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the Company has presented this incremental impact aggregating Rs. 1,015 lacs consisting of certain employee benefits primarily arising due to change in wage definition under "Exceptional Item" in the audited standalone financial results for the year ended March 31, 2026. The Company continues to monitor the developments pertaining to the implementation of the New Labour Codes, including related rules there to and the impact of these will be accounted in accordance with applicable accounting standards.
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Subsequent to the year ended 31 March 2026, the Company has executed a definitive agreement to acquire the remaining 73.5% stake in Axiom Ayurveda Pvt. Ltd. ("Axiom") an associate company (existing stake 26.5%) subject to completion of customary closing conditions involving an aggregate consideration not exceeding Rs.200 crores.
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Subsequent to the year ended 31 March 2026, the Company has entered into a Share Subscription and Purchase Agreement to acquire 60% stake (on a fully diluted basis) in IncNut Digital Pvt. Ltd. ("IncNut"), along with its subsidiaries and associates at an aggregate consideration of up to Rs. 321 crores.
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The Company's business activity falls within a single operating segment, viz, "Personal and Healthcare". Geographical segment disclosure has been given in the Consolidated Financials Results.
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The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to March 31, 2026 / March 31, 2025 and the unaudited published year-to-date figures up to December 31, 2025 / December 31, 2024, being the date of the end of the third quarter of the financial year which were subjected to limited review.
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These financial results are available on the Company's website at https://www.emamiltd.in.
For and on behalf of the board
Mohan Goenka
Digitally signed by Mohan Goenka
Date: 2026.05.21 13:31:50 +05'30'
Place: Kolkata
Date: May 21, 2026
Mohan Goenka
Vice-Chairman and Whole-time Director
Annexure – B
Disclosure as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
| Sl. No. | Particulars | Details of Change |
|---|---|---|
| 1. | Reason for Change viz. appointment, resignation removal, death or otherwise | Re-appointment of Shri Harsha Vardhan Agarwal (DIN: 00150089), Vice Chairman & Managing Director, upon completion of his present tenure on 31st March, 2027. |
| 2. | Date of appointment, cessation, reappointment (as applicable) & term of appointment, reappointment | Re-appointment w.e.f., 1st April, 2027, for a further period of five years. |
| 3. | Brief Profile (in case of Appointment) | Shri Harsha Vardhan Agarwal, Vice-Chairman & Managing Director, has served the business dedicatedly for over two decades, spearheading multiple functions and growing the business successfully thereby gaining immense exposure to steer the organisation forward. Harsha, with his extensive knowledge and experience in strategy, marketing & brand development, M&A, HR and IT, spearheads the business. He also leads the digital transformation of the organization. |
| Under his leadership, the Company has acquired several businesses. He passionately steers the organisation with a futuristic outlook, while continuing to strengthen its core values. | ||
| 4. | Disclosure of relationships between directors (in case of appointment of a director) | Son of Shri R. S. Agarwal and brother of Shri A. V. Agarwal and Smt. Priti A. Sureka. |
| 5. | Information regarding the director not being debarred from holding the office by virtue of any SEBI order or any other such authority | Shri Harsha Vardhan Agarwal, is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. |
emami
GROUP
Annexure – C
Disclosure as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
| Sl. No. | Particulars | Details of Change |
|---|---|---|
| 1. | Reason for Change viz. appointment, resignation removal, death or otherwise | Re-appointment of M/s. V. K. Jain & Co, Cost Accountants (Firm Registration No: 00049) as Cost Auditors of the Company. |
| 2. | Date of appointment, cessation, reappointment (as applicable) & term of appointment, reappointment | The Board at its meeting held on May 21, 2026 has approved the re-appointment of M/s. V. K. Jain & Co, Cost Accountants (Firm Registration No: 00049) as Cost Auditors of the Company for the FY 2026-27, subject to the ratification of remuneration and other expenses by members at ensuing AGM. |
| 3. | Brief Profile (in case of Appointment) | M/s V. K. Jain & Co., Cost Accountants, established in 1994, is a well-regarded firm with considerable experience in the field of cost audit, cost management services, and certification assignments for companies operating across the manufacturing and FMCG sectors. Over the years, the firm has developed strong expertise in the maintenance and audit of cost records in accordance with the provisions of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014. |
| The firm has been associated with cost audits of multi-location manufacturing units and a wide range of product segments, including textiles, jute, ayurvedic products, and other manufacturing industries. It also possesses significant experience in regulatory compliance, analytical cost evaluation, and cost optimization assignments. | ||
| 4. | Disclosure of relationships between directors (in case of appointment of a director) | Not applicable |