EMAMI LIMITED

Manufactures and sells branded personal care products in India, with selective international markets. Its domestic business covers a summer portfolio (talcum powders including Navratna and Dermicool), hair oils (Kesh King, 7 Oils in One), and a set of 'strategic investments' brands (Axiom/AloFrut juices, IncNut's Vedix and SkinKraft personalised beauty, The Man Company, Brillare) that together account for about 21% of total business. International business sells through distributors in the Middle East, CIS and other geographies; FY26 international sales were disrupted by the Strait of Hormuz closure and ended the year down 5%. Distribution is shifting from traditional wholesale (now ~27% of domestic) toward organised channels (~32%), with quick commerce growing 70% and GT Marts 25% in Q4 FY26. Costs are dominated by other operating expenses at 31.7% of revenue (including advertising, up 12% in Q4), followed by materials at 20.0% and employees at 12.7%; gross margin stood at 69.9% for FY26. FY26 consolidated revenue was INR 3,779.51 crore with an EBITDA margin of 27.48%, and the balance sheet was debt-free with INR 883 crore of net cash.