Emami Q4 revenue slips 4% to ₹925 cr as summer portfolio, West Asia drag offset desi gains

Heatwave miss and Middle East disruption pulled Q4FY26 revenue down 4% to ₹925 cr, but non-summer domestic lines grew 11% and gross margin expanded 250bps to 68.4%. EBITDA at ₹187 cr, PAT ₹143 cr; A&P up 12% as Emami leans into recovery from Q1FY27.

— Source publishedThu, 21 May, 2026, 14:58 IST·First seen Thu, 21 May, 2026, 15:07 IST·Source ET Small Business

What happened

Emami's Q4 revenue fell 4% to ₹925 cr as summer portfolio and West Asia disruptions hit sales, but non-summer domestic business grew 11%. Gross margin expanded

Key facts

  • Q4 revenue ₹925 cr (-4% YoY)
  • non-summer domestic +11%
  • international -5%
  • gross margin 68.4% (+250bps)
  • EBITDA ₹187 cr
  • PAT ₹143 cr
  • A&P spend +12%

Why this matters

Emami's weather-sensitive portfolio and Middle East drag expose strategic gaps that argue for bolt-on M&A in year-round domestic categories to de-risk seasonality concentration.