Outcome of the Board Meeting held on 21st May, 2026
EMAMILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts less than Nifty Smallcap 250 and 2.7 pts less than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Emami Ltd's Board approved audited financial results for Q4 and FY ended March 2026. Consolidated revenue from operations declined slightly to ₹3,77,951 Lacs from ₹3,80,919 Lacs in the previous year, marking a minor revenue decline. Profit after tax (PAT) fell to ₹77,526 Lacs from ₹80,274 Lacs (down 3.4%), while EPS reduced to ₹17.76 from ₹18.48. EBITDA also declined to ₹1,04,876 Lacs from ₹1,09,322 Lacs, with EBITDA margin compressing from 28.69% to 27.75%. The company recorded an exceptional item of ₹1,015 Lacs due to new labour codes. Statutory auditors S.R. Batliboi & Co. LLP issued an unmodified (clean) opinion. The Board also re-appointed Harsha Vardhan Agarwal as Vice-Chairman & MD for 5 years and fixed the 43rd AGM for August 25, 2026.
The decline in revenue, PAT, and EBITDA margins indicates a challenging year for Emami, though the company remains profitable. The clean audit opinion and positive operating cash flow of ₹80,053 Lacs provide some comfort. Shareholders should note the lower profitability metrics and margin compression when assessing the stock.