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India
As of 18 Sept 2026, 03:30 pm
Emami Limited's Board of Directors approved a share buyback on September 17, 2026. The company plans to repurchase up to 5,936,842 equity shares, representing approximately 1.36% of the existing paid-up capital, through the open market. The maximum price for the buyback is set at ₹475 per share, with a total value not exceeding ₹2.82 billion (₹28,200 lakhs). This buyback is Emami's first since 2023. The company is required to utilize at least 75% of the earmarked amount for the buyback, with 40% to be used in the first half of the offer period. Following the buyback, promoter shareholding is expected to increase from 54.84% to 55.60%, assuming the maximum buyback occurs.
As of September 18, 2026, Emami's stock is trading at ₹368.45. Recent performance shows a decline, with a 1-year return of -39% and a Year-to-Date (YTD) return of -30%. Technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes, with the Supertrend indicator in a bearish direction for all periods. Nearest support levels are identified around ₹365.25, while resistance is noted near ₹380.85.
Emami's stock has experienced negative returns across various recent periods. The 1-year return is -39%, and the Year-to-Date (YTD) return is -30%. Looking at shorter durations, the 6-month return is -12%, the 3-month return is -8%, and the 1-month return is also -8%. The stock has seen a 2% decline in the last trading day and has shown no significant change over the last 10 days.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹1,039.21 crore | ₹925.10 crore | PEAK₹1,151.81 crore | ₹798.51 crore | ₹904.09 crore |
| Profit Loss For Period | ₹138.94 crore | ₹143.17 crore | PEAK₹319.48 crore | ₹148.35 crore | ₹164.26 crore |
Revenue reached ₹1,039.21 crore, up 14.95% from ₹904.09 crore in the same quarter last year. Sequentially, compared with the immediately preceding quarter (Q4 FY2025‑26), revenue increased 12.33% from ₹925.10 crore.
The headline revenue growth masks the quarter’s real story: a sharp rise in the effective tax rate. While Emami managed to grow pre‑tax profit slightly, the more than doubling of the tax expense compared to the same quarter last year swallowed those gains and pushed net profit lower. Top‑line momentum did not translate into bottom‑line growth, driven primarily by the higher tax charge rather than a broad‑based operating profit squeeze.
Exchange disclosures and regulatory announcements for Emami.
On September 17, 2026, Emami Limited's Board approved a buyback of equity shares for an aggregate amount not exceeding ₹28,200 lakhs at a maximum price of ₹475 per share, from public shareholders via the open market. The maximum buyback size is 9.28% of total paid-up capital and free reserves as of March 31, 2026. The company must utilize at least 75% of the earmarked amount (₹21,150 lakhs) for the buyback, with 40% (₹11,280 lakhs) used within the first half of the offer period. Post-buyback, promoter shareholding would increase from 54.84% to 55.60% assuming maximum buyback.
On September 17, 2026, the Board of Directors of Emami Limited approved an open market buyback of 5,936,842 equity shares at INR 475 per share, totaling a maximum value of INR 2.82 billion. The transaction represents approximately 1.36% of the company's existing paid-up capital, reducing total outstanding shares from 436,500,000 to 430,563,158. Following the buyback, the promoter group's holding increased to 55.6% while the public category decreased to 44.4%, with no change in the absolute number of shares held by promoters.
Emami Limited's Board Meeting scheduled for September 17, 2026, will consider a share buyback as its primary agenda item. The meeting is also set to address other business matters on the same day.
Buyback/Other business matters |Meeting Date: 17-Sep-2026
Board Meeting Intimation |Meeting Date: 17-Sep-2026
NAME OF PROMOTER(S) OR PACS WITH HIM : Diwakar Finvest Private Ltd
Emami Limited held its 43rd Annual General Meeting on August 25, 2026, via video conference, with 134 members representing 58.64% of total paid-up equity share capital. All eight resolutions were passed with requisite majority, including the adoption of standalone and consolidated audited financial statements for FY ended March 31, 2026, re-appointment of directors Harsha Vardhan Agarwal, Aditya Vardhan Agarwal, and Prashant Goenka, approval of increased remuneration for Harsha Vardhan Agarwal to ₹34 lacs per month effective April 1, 2026, his re-appointment as Vice-Chairman & Managing Director for five years from April 1, 2027, and ratification of cost auditor remuneration of ₹2,00,000 for FY 2026-27.
Shareholders of Emami Limited approved the re-appointment of Shri Harsha Vardhan Agarwal as Vice-Chairman & Managing Director at the 43rd Annual General Meeting held on August 25, 2026. The re-appointment is effective from April 1, 2027, following the completion of his current term on March 31, 2027, for a further period of five years. This decision was formally intimated to the National Stock Exchange and BSE Limited via a filing dated August 26, 2026.
Recent market and company developments associated with Emami.
Indian equities ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the closing auction session, while Nifty gained 53 points. Mid- and small-caps outperformed, with capital goods, industrial, defence, power and healthcare stocks attracting buying interest.
The FMCG maker will use the open-market route for the proposed repurchase, its first such buyback since 2023.
Emami announced a Rs 282 crore share buyback at Rs 475 per share, offering a premium to the previous close. The FMCG company will repurchase up to 59.36 lakh shares through the open market, marking its first buyback since 2023.
The key equity benchmarks inched higher on Thursday, as investors assessed the US Federal Reserve's latest policy decision and its implications for global liquidity. The Fed raised its benchmark interest rate by 25 basis points to 3.75%-4%, its first hike since 2023. The central bank's projections also kept the possibility of another rate increase this year on the table, with the latest projections showing a range of views among policymakers.
The Feds indication of another rate hike in 2026 kept investors cautious, particularly across rate-sensitive and foreign-portfolio-investment-driven segments. However, selective buying in domestic sectors helped the Nifty settled above the 23,250 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction.
The benchmark indices came off the day's high in afternoon trade as investors assessed the US Feds latest policy decision and its impact on global liquidity. The Nifty traded below the 23,300 level amid cautious sentiment over the stronger dollar and further rate-hike signals.
Emami rallied 4.14% to Rs 384.75 after the company's board approved a share buyback through the open market at a maximum price of Rs 475 per equity share, aggregating up to Rs 282 crore.
In case the buyback is fully completed, promoter shareholding in Emami will rise to 55.6% from 54.84%, while public shareholding will decline to 44.4% from 45.16%. The shareholding pattern would vary depending on the quantum of the buyback completed.
Comprehensive Section Breakdown for Emami
Strategic Vision: FMCG company specializing in personal care and healthcare products.
• Portfolio of established and acquired brands in personal care and healthcare.
• Extensive distribution network reaching millions of retail outlets.
• International market presence across multiple regions.
In the quarter ended June 30, 2026, Emami Limited’s revenue from operations grew nearly 15% year‑on‑year to ₹1,039.21 crore. Net profit after tax, however, fell 15.4% to ₹138.94 crore. The decline was not the result of an operating slump; a more than doubling of the tax charge wiped out a modest rise in pre‑tax profit, pulling the bottom line lower despite solid top‑line expansion.
Profit before tax (PBT) inched up 3.9% to ₹196.31 crore from ₹188.88 crore a year earlier. Because revenue grew faster, the pre‑tax profit margin contracted from 20.9% to 18.9%, signalling that total expenses outpaced the sales increase.
The most dramatic change was in taxation. Tax expense jumped from ₹22.51 crore to ₹55.77 crore, a rise of 147.8%. Consequently, the effective tax rate climbed from 11.9% to 28.4%. This steep increase turned a modestly higher pre‑tax result into a net profit of ₹138.94 crore – down 15.4% from ₹164.26 crore in the year‑ago period.
Net profit margin (net profit as a percentage of revenue) fell from 18.2% to 13.4%. Basic earnings per share declined correspondingly, from ₹3.76 to ₹3.15.
The quarter’s expense components included cost of materials consumed (₹214.90 crore), employee benefit expense (₹135.72 crore), depreciation (₹42.76 crore), and finance costs (₹5.61 crore). Other income contributed ₹18.50 crore.
Emami delivered a resilient performance in Q1FY27 despite a challenging operating environment marked by geopolitical disruptions, elevated input cost inflation, and uneven summer conditions. Consolidated revenue grew 15% year-on-year to ₹1,039 crore, driven by 20% domestic business growth (12% like-to-like, 8% volume). The strategic investments portfolio was the standout, growing 61% like-to-like and now contributing 18% of domestic business. However, gross margins contracted 360 bps to 65.8% due to higher crude and packaging costs, though disciplined cost management limited EBITDA growth to 6% at ₹226 crore. International business declined 12% due to West Asia conflict disruptions.
Looking ahead, management remains optimistic about Q2FY27, expecting healthy demand trends and continued momentum in strategic investments, while noting that commodity inflation and geopolitical developments are key monitorables. The company is strengthening its omnichannel capabilities—organised channels grew 19% and quick commerce now accounts for 35% of e-commerce sales. International business is expected to progressively regain momentum as market conditions stabilise, with management having used the period to improve pricing architecture and operational agility. Input cost pressures are expected to ease, supporting margin recovery.
Category: Consumer Tech
This segment encompasses a diverse array of brands focused on personal care and healthcare, many of which are based on Ayurvedic formulations. The company offers products ranging from antiseptic creams and cooling oils to hair care and men's grooming items.
Key Products & Services: BoroPlus • Navratna • Zandu • Kesh King • Smart And Handsome • Mentho Plus • 7 Oils in One • Dermicool • Creme 21
Core Thesis: Emami leverages its portfolio of established and acquired brands, supported by a robust distribution network, to cater to diverse consumer needs in personal care and healthcare.
• Brand Portfolio Expansion: The company diversifies its offerings through strategic acquisitions and investments in emerging FMCG segments, integrating brands like Zandu, Kesh King, and subsidiaries such as The Man Company. • Extensive Distribution Network: Emami's products reach consumers through a network of over 4,000 distributors, accessing approximately 5.4 million retail outlets across India. • International Market Penetration: Emami markets its products in over 70 countries, with established operations in regions like Europe and CIS, MENAP, and Southeast Asia.