Transcript of Investors Conference Call of the Company post declaration of Audited Financial Results

Emami reported Q4 FY26 consolidated revenues of INR925 crores (down 4% YoY) impacted by delayed summer and geopolitical disruptions. Gross margins expanded 250bps to 68.4%, but EBITDA declined 15% to INR187 crores and PAT fell 12% to INR143 crores due to operating deleverage despite 12% increase in advertising spends. Full year FY26 revenues stood at INR3,780 crores (down 1%) with gross margins at 69.9% (up 130bps), EBITDA of INR964 crores (down 6%), and PAT of INR775 crores (down 4%). The talcum powder/summer portfolio declined 22% (talc alone down 40%), losing INR100 crores in revenue. Management remained confident on FY27, noting strong double-digit growth in domestic business ex-summer (11%) and robust performance in hair oils (Kesh King +14%, 7 Oils +34%). New Chief Growth Officer Dhruv Aggarwal outlined plans to grow strategic investments portfolio by 30%+ YoY, targeting INR15 crore EBITDA increase this year. International business declined 5% due to Middle East supply chain disruptions via Strait of Hormuz.