Emami (531162) Q4 23/24 earnings summary

Executive summary

• Consolidated revenue from operations reached ₹3,578 crore, up 5% year-over-year, with domestic business growing 4% and international business up 12% in constant currency (9% in INR).

• Gross margin expanded by 290 bps to 67.6%, EBITDA grew 10% to ₹950 crore (margin 26.5%, up 120 bps), and PAT rose 13% to ₹724 crore (margin 20.2%, up 140 bps).

• EPS increased to ₹16.6 from ₹14.5, and the company maintained a robust cash position despite a ₹230 crore share buyback and two interim dividends totaling ₹8 per share.

• Over 50 new products were launched, and brand spending rose to ₹652 crore (18.2% of revenue).

Financial highlights

• Revenue from operations: ₹3,578 crore (+5% YoY).

• EBITDA: ₹950 crore (+10% YoY), margin 26.5%.

• PAT: ₹724 crore (+13% YoY), margin 20.2%.

• EPS: ₹16.6 (previous year: ₹14.5).

• Dividend payout: ₹8 per share, payout ratio 50.36%.

• Net worth: ₹2,44,659 lakh (up from ₹2,30,280 lakh).

• Debt-equity ratio: 0.03.

• ROE: 33.14%; ROCE: 32.13%.

Outlook and guidance

• Management expects a rebound in rural demand, supported by a normal monsoon and favorable macroeconomic factors.

• Continued focus on innovation, digital transformation, and expansion in modern trade and e-commerce channels.

• Strategic investments in new categories and D2C brands to drive future growth.