Emami | Business Upturn

Emami to acquire 60% stake in IncNut Digital for Rs 321 crore

Aman Shukla — Thu, 07 May 2026 06:01:49 +0000

Emami Limited has announced the acquisition of a majority stake in IncNut Digital Private Limited, the parent company of personalised beauty and skincare brands Vedix and SkinKraft, in a move aimed at strengthening its presence in the fast-growing digital beauty and personal care segment.

The company informed stock exchanges on May 7, 2026, that its Board of Directors approved the execution of a Share Subscription and Purchase Agreement (SSPA) to acquire a 60% stake in IncNut Digital on a fully diluted basis. Emami will invest up to Rs. 321 crore in cash for the transaction, which is expected to be completed within 30 days, subject to customary closing conditions.

Following the acquisition, IncNut Digital and its wholly owned subsidiary, IncNut Lifestyle Retail Private Limited, will become subsidiaries of Emami. The FMCG major also stated that it plans to acquire the remaining stake in IncNut Digital over the next four-and-a-half years in two tranches, with the valuation linked to future business performance.

IncNut Digital operates in the personalised beauty and personal care space through its flagship brands Vedix and SkinKraft, which offer customised skincare and haircare solutions. The acquisition is expected to help Emami expand its reach in digital-first and premium beauty categories as consumer demand for personalised wellness products continues to rise.

In its exchange filing, Emami said the transaction reinforces its presence across high-growth beauty and personal care segments and positions the company for the next phase of consumer demand.

IncNut Digital, incorporated in Telangana in 2011, reported consolidated turnover of Rs. 175.1 crore in FY2024-25, compared to Rs. 196.5 crore in FY2023-24 and Rs. 231.9 crore in FY2022-23.

Emami also clarified that the proposed acquisition does not qualify as a related party transaction and that none of its promoters, promoter group entities, or group companies have any interest in the target company.

Emami acquires 73.5% stake in Axiom Ayurveda for Rs 200 crore

Yash Agarwal — Tue, 31 Mar 2026 12:50:32 +0000

Emami Limited has announced its decision to acquire a 73.5% stake in Axiom Ayurveda Private Limited, an associate company, for a total consideration of up to ₹200 crore. This acquisition will result in Emami holding 100% of the paid-up capital of Axiom Ayurveda, thereby making it a wholly-owned subsidiary.

The acquisition, which is expected to be completed by 30th June 2026, is a cash transaction and does not fall under related party transactions. None of Emami’s promoter or group companies have any interest in Axiom Ayurveda, except for its status as an associate of Emami.

Axiom Ayurveda, incorporated on 14th November 2019, operates in the fast-moving consumer goods sector, specifically focusing on healthy beverages. The company, based in Haryana, India, is known for its proprietary fusion of aloe vera pulp with fruit blends and has a product portfolio that includes beverages and personal care items. These products contribute approximately 15-20% to its own branded business.

The consolidated turnover of Axiom Ayurveda for the financial years 2024-25, 2023-24, and 2022-23 were ₹110 crore, ₹107 crore, and ₹129 crore, respectively.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Emami shares jump over 7% as Q1 net profit rises 9% YoY to Rs 164.26 crore

Aman Shukla — Thu, 31 Jul 2025 08:41:04 +0000

Emami shares jumped over 7% after the company posted a steady performance for the June quarter despite flat revenue growth. As of 2:09 PM, the shares were trading 7.73% higher at Rs 609.00.

For Q1 FY26, Emami reported a net profit of ₹164.26 crore, marking a 9.3% increase compared to the ₹150.60 crore it earned in the same period last year. Revenue from operations came in at ₹904.09 crore, marginally lower than the ₹906.07 crore reported a year ago, reflecting a dip of just 0.2%.

Total income, however, edged higher to ₹925.68 crore, showing resilience amid a tough cost environment. The company’s profit before tax also rose to ₹186.77 crore from ₹178.38 crore. Expenses remained largely stable at ₹689.87 crore, indicating controlled cost management. Emami’s ability to maintain profitability despite revenue pressures came largely from keeping a tight grip on advertising spends and benefiting from slight improvements in operational efficiency.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Emami Q4 results: Revenue jumps 8.1%YoY to Rs 963 crore, net profit up 8.7% YoY

Aman Shukla — Fri, 16 May 2025 09:05:59 +0000

Emami Limited reported its financial results for the fourth quarter, showing moderate year-on-year growth in both profit and revenue.

The company’s net profit rose by 8.7% to ₹162 crore, compared to ₹149 crore in the same period last year.

Revenue for the quarter stood at ₹963 crore, reflecting an increase of 8.1% from ₹891 crore recorded in the corresponding quarter of the previous year. The company also posted a 4.1% rise in EBITDA, which reached ₹219.4 crore, up from ₹210.7 crore.

Despite the growth in key financial metrics, Emami’s operating margin narrowed slightly. The EBITDA margin for the quarter came in at 22.8%, down from 23.7% reported in the year-ago period.

Emami shares opened at ₹634.90 today, hitting a high of ₹639.00 and a low of ₹621.35 during the session. The stock remains volatile, trading well below its 52-week high of ₹860.00 and above its 52-week low of ₹507.45.

Emami shares surge over 3% followinf Q3 FY25 results

Aditya Bhagchandani — Tue, 28 Jan 2025 04:16:16 +0000

Emami Ltd, the homegrown FMCG major, posted a strong performance in Q3 FY25, with a 7.03% year-on-year (YoY) increase in net profit at ₹278.98 crore, compared to ₹260.65 crore in the corresponding quarter last year. This growth was driven by healthy volume growth in its core business, showcasing the company’s resilience amidst a dynamic macroeconomic environment.

Revenue from operations rose by 5.33% to ₹1,049.48 crore, compared to ₹996.32 crore in the same quarter last year. Total income, including other revenue, increased by 5.07% to ₹1,064.41 crore during the reporting quarter. The company attributed this growth to its focus on profit-led strategies and improved operational efficiencies.

Margins and Profitability

Emami reported an 8% YoY increase in EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization), which stood at ₹339 crore for the quarter. EBITDA margins expanded by 70 basis points to 32.3%, underscoring the company’s strong focus on operational excellence. Gross margins improved further, expanding by 150 basis points to 70.3%, reflecting the company’s robust financial management.

The company highlighted several headwinds during the quarter, including urban demand challenges influenced by rising food inflation and liquidity constraints in retail and wholesale trade channels. However, rural demand showcased resilience, buoyed by favorable monsoon conditions and a robust harvest, providing a silver lining amidst market uncertainties. Seasonal categories, however, faced challenges due to the delayed onset of winter.

Performance of Key Brands

Despite challenges, Emami’s core domestic business grew by 9%, with a healthy volume growth of 6%. Key brands, including its healthcare range and BoroPlus, delivered strong performances. Navratna and the pain management portfolio showcased resilience, achieving growth in the low single digits. The strategic rebranding of Fair and Handsome to Smart and Handsome, coupled with initiatives for skin and hair care brands, is expected to offer significant growth potential in the future.

Total expenses for the quarter rose to ₹710.79 crore, reflecting a 4.3% increase YoY. The company continued its focus on maintaining profitability amidst rising costs.

Second Interim Dividend

In addition to its strong financial performance, Emami’s board of directors declared a second interim dividend of ₹4 per share for FY25, equivalent to a 400% payout. This follows a similar ₹4 per share dividend declared in Q2 FY25, taking the cumulative dividend payout for the fiscal year to an impressive ₹8 per share or 800%.

Stock Performance

As of 9:43 AM, shares of Emami Ltd were trading 2.01% higher at ₹545.80 on the NSE, within a day range of ₹542.75 to ₹562.15. The stock has a year range of ₹417.10 to ₹860. With a market capitalization of ₹23,746 crore, Emami’s stock has maintained its appeal among investors. The company’s P/E ratio stands at 30.79, and it offers a dividend yield of 1.47%.

Management Commentary

Commenting on the results, Vice Chairman and Whole-Time Director Mohan Goenka expressed optimism about FY25, describing it as a promising year for the company. “EBITDA increased by 8% during the quarter, with margins expanding by 70 basis points, underscoring our strong focus on operational excellence. The strategic rebranding of Fair and Handsome to Smart and Handsome offers significant growth potential,” he said.

Despite macroeconomic challenges, including urban demand pressures and delayed winter, Emami’s focus on profitability, brand innovation, and rural market strength have positioned the company for sustainable growth.

Emami increases stake in pet care company Cannis Lupus Services

Aditya Bhagchandani — Mon, 26 Aug 2024 15:00:48 +0000

Emami Limited has made a strategic investment of INR 4.99 crore in its associate company, Cannis Lupus Services India Private Limited. This investment was finalized on August 26, with Emami acquiring 4,348 compulsorily convertible preference shares (CCPS), giving it 100% ownership of the CCPS in Cannis. Emami already holds 47% equity in Cannis, a company known for its Ayurvedic and herbal remedies for pets under the brand Fur Ball Story.

This investment aligns with Emami’s broader strategy to support and expand its business interests in the pet care segment. Cannis, founded by Mr. Animesh Katiyar and Ms. Srishti Sharma, has shown significant growth, with a turnover of INR 666 lakh in the 2023-24 financial year, up from INR 46 lakh in 2022-23 and INR 22 lakh in 2021-22. The company, incorporated in 2019, is based in Gurgaon, Haryana, and focuses on providing services and products for pets, including medicinal food, supplements, and other complementary items.

Emami’s increased stake in Cannis reflects its commitment to tapping into the growing pet care market in India.

Top FMCG stocks in India: Market Cap, PE Ratio, Returns and Income

Arunika Jain — Tue, 14 May 2024 10:25:45 +0000

The Fast-Moving Consumer Goods (FMCG) sector in India has emerged as a significant contributor to the country’s economic growth, driven by a burgeoning population, rising disposable incomes, and evolving consumer preferences. This dynamic industry encompasses a diverse range of companies, from established multinational giants to homegrown enterprises, catering to the ever-increasing demand for consumer goods across the nation.

Analyzing the Top FMCG Stocks in India

ITC Ltd: Diversified Conglomerate with a Strong FMCG Presence

Key Metrics	ITC Ltd
Market Cap	Rs. 5,36,343.63 crores
Close Price	Rs. 429.60
PE Ratio	26.03
Total Income (31-Dec-2023)	18,787.19 crores

ITC Ltd, a diversified conglomerate, has established a formidable presence in the FMCG sector through its range of popular brands. With a market capitalization of Rs. 5,36,343.63 crores and a net profit of Rs. 5,572.07 crores in the result (31-Dec-2023) , ITC Ltd demonstrates its dominance in the industry.

HUL (Hindustan Unilever Ltd): A Global Giant’s Indian Stronghold

Key Metrics	HUL (Hindustan Unilever Ltd)
Market Cap	Rs. 5,52,388.91 crores
Close Price	Rs. 2,351.00
PE Ratio	53.95
Total Income (31-March-2024)	15,077.00 crores

Hindustan Unilever Ltd (HUL), a subsidiary of the global conglomerate Unilever, has firmly established itself as a leading FMCG player in India. With a staggering market capitalization of Rs. 15,077.00 crores as result declared on 31-March-2024, HUL has consistently delivered strong financial performance, backed by its diverse product portfolio and brand recognition.

Britannia Industries Ltd: A Household Name in Baked Goods

Key Metrics	Britannia Industries Ltd
Market Cap	Rs. 1,23,662.99 crores
Close Price	Rs. 5,134.05
PE Ratio	57.76
Total Income (31-Mar-2024)	3,979.40 crores

Britannia Industries Ltd, a renowned name in the baked goods segment, has carved a niche for itself in the Indian FMCG market. With a market capitalization of Rs. 1,23,662.99 crores, the company has demonstrated its prowess in the consumer goods sector, backed by its latest quarterly net profit/loss of Rs. 530.15 crores (Result on 31-Mar-2024).

Other Notable FMCG Players

Company	Market Cap	Close Price	PE Ratio	Total Income
Dabur India Ltd	Rs. 98,224.13 crores	Rs. 554.30	53.82	2,153.64 crores (31-Mar-2024)
Marico Ltd	Rs. 77,646.11 crores	Rs. 600.00	51.53	1,665.00 crores (31-Mar-2024)
Colgate-Palmolive (India) Ltd	Rs. 76,645.55 crores	Rs. 2818.00	60.97	1,413.54 crores (31-Dec-2023)
Emami Ltd	Rs. 22,466.66 crores	Rs. 514.70	31.18	838.24 crores (31-Dec-2023)
Godrej Consumer Products Ltd	Rs. 1,33,339.97 crores	Rs. 1303.65	73.02	2,094.16 crores (31-Mar-2024)
Procter & Gamble Hygiene and Health Care Ltd	Rs. 51,060.74 crores	Rs. 15730.00	68.46	1,015.76 crores (31-Mar-2024)
Bajaj Consumer Care Ltd	Rs. 3,374.22 crores	Rs. 236.30	21.97	247.58 crores (31-Mar-2024)

The FMCG sector in India is home to a diverse range of companies, including multinational giants and homegrown enterprises. Companies like Dabur India Ltd, Marico Ltd, Colgate-Palmolive (India) Ltd, Emami Ltd, Godrej Consumer Products Ltd, Procter & Gamble Hygiene and Health Care Ltd, and Bajaj Consumer Care Ltd have carved their niche in various segments of the consumer goods market, offering investors a multitude of investment opportunities.

As the FMCG sector in India continues to thrive, driven by a growing population, rising disposable incomes, and evolving consumer preferences, investors have a plethora of options to explore. From established multinational giants to homegrown enterprises, the sector offers a diverse range of stocks with varying market capitalizations, financial performances, and growth trajectories. However, it is crucial for investors to conduct thorough research, analyze key financial indicators, and consider factors such as market trends, consumer preferences, and competitive landscapes before making informed investment decisions in the FMCG sector.

Note: All the data for market capitalization, share prices, and financial metrics mentioned in this article is taken from NSEindia.com and is accurate as of the time of writing this article.

Disclaimer: The information provided in this article is for general informational purposes only and should not be construed as financial advice. Before making any investment decisions, it is essential to consult with a qualified financial advisor and thoroughly review the terms, conditions, and policies of the respective companies. The data and figures presented are subject to change and should be verified from official sources.

Emami acquires 26% stake in Axiom Ayurveda entering new market segment

Vanshika Lodhi — Thu, 28 Sep 2023 13:21:40 +0000

Emami Limited, a leading personal care and healthcare company in India, has announced its entry into the juice market with a strategic investment in Axiom Ayurveda Pvt Ltd. The company has acquired a 26% equity stake in Axiom for an undisclosed amount, marking its foray into the beverage sector.

This investment signifies Emami’s foray into the juice market through ‘AloFrut’, a brand under the Axiom umbrella. AloFrut juices are distinguished by their innovative blend of aloe vera pulp and fruit, offering consumers a combination of flavor and health benefits.

Axiom Ayurveda’s product line extends beyond juices to include carbonated beverages such as mocktails and energy drinks. The company also has a presence in the Ayurvedic healthcare juice segment with the Jeevan Ras brand. Axiom operates its own manufacturing facility in Ambala, Haryana, and is investing ₹160 crore in a new cutting-edge facility in Jammu (Kathua).

Emami’s Vice Chairman & MD, Mr Harsha V Agarwal, expressed enthusiasm about the collaboration with Axiom Ayurveda. He sees immense potential in the health & wellness sector and believes that AloFrut’s unique product proposition aligns well with Emami’s growth strategy.

Delhi HC awards Emami temporary relief in “Thanda Tel” packaging dispute with Dabur

Avinash Ram — Thu, 17 Aug 2023 14:56:26 +0000

According to Bar and Bench Dabur’s sale of their product, Dabur Cool King Thanda Tel, in packaging that is eerily similar to Emami’s Navratna is now illegal according to an interim injunction from the Delhi High Court. The case “Emami Limited v. Dabur India Limited” produced an interim ruling. According to the judgement by Justice C. Hari Shankar on August 9, there is a preliminary evidence that Dabur purposefully copied important features of Emami’s product in order to get access to the market that Emami had built up since 1989. This action by Dabur raises questions about possible infringement and unfair competition, it said.

“When one first views the two bottles, they have a similar appearance, with the minor variation between their two shapes being so subtle as not to be noticeable to a typical client. Both bottles of oil are crimson in color. According to the court as quoted by Bar and Bench, “The use of red color for oil is also, in my judgment, borrowed from the red oil which is utilized by the plaintiff.

The court was dealing with a complaint that Emami had filed, claiming that they had been selling Navratna oil since 1989 while Dabur’s Cool King had only recently entered the market in May 2023 and that it had an unsettling similarity to Navratna. The argument’s main thrust was on Dabur’s claimed violation of Emami’s trademark, design, and copyright, which might have resulted in a passing-off act. The court spent a great deal of time throughout the legal procedures going into Dabur’s oil advertising strategies as well as the packaging of both products, which are sold in both bottle and sachet form.

Justice Hari Shankar noted with great interest that Dabur had made a conscious effort to make their product resemble Emami’s oil, with the obvious goal of confusing regular people. Dabur’s suggested redesigned packaging was met with opposition from the court, which was represented by Justice Hari Shankar. The court rejected the idea that the modification would allay any infringement worries, suggesting that the revised packaging may still be seen as illegal. Following that, the court issued a summons that was relevant to the case and made an interim ruling. On October 10, the joint registrar will hear a second hearing in the matter with the goal of wrapping up the procedure.

Emami acquires talc powder brand ‘Dermicool’ from Reckitt for Rs 432 crore

Keertiman Upadhyay — Fri, 25 Mar 2022 13:01:57 +0000

On Friday, March 25, the fast moving consumer goods company (FMCG) Emami announced the acquisition of the ‘Dermicool’ brand from Reckitt for Rs 432 crore.

The Dermicool is one of the leading brands in the prickly heat powder category. The talc powder is popular for providing a cooling effect in summers & has a high consumer demand. The FMCG giant plans to combine Dermicool with Navratna Cool Talc.

“We are very happy to announce the acquisition of Dermicool brand which offers great synergy with our existing businesses and is a perfect strategic fit. It will strengthen our presence to make us #1 in the prickly heat powder & cool talc category. With increasing global warming and soaring summer temperatures, such problem solution niche products are poised for strong growth in future,” said Emami director Harsha V Agarwal.

The acquisition is funded through internal resources. Today, Emami shares closed at 0.30 lower at Rs 449.25/ share on the NSE.

Emami declares dividend of Rs 4 per equity share

Chittesh Dalmia — Thu, 05 Nov 2020 09:26:52 +0000

Emami ltd. has declared interim dividend of Rs 4 per equity share for Q2 FY2021.

The Kolkata based company stated in its BSE regulatory filing. “Further pursuant to Regulation 30 & 43 of the listing Regulations, we wish to inform you that the Board of Directors of the company in its meeting held today has declared payment of Interim Dividend of Rs. 4/- per equity share of Re. 1/- each fully paid up ie, 400% on the equity shares of the company for the Financial Year 2020-21. Record date for ascertaining the names of the members who will be entitled to receive the Interim Dividend is 13th November, 2020.”

Bombay High Court restrains Emami on brand plans

Pravin Suryawanshi — Wed, 19 Aug 2020 06:04:11 +0000

On Monday, the Bombay high court temporarily barred consumer goods manufacturer Emami Ltd from using the ‘Glow and Beautiful’ logo in its grooming, skincare and cosmetic products, in a relief to Hindustan
Unilever Ltd (HUL), India’s largest packaged goods firm.

After HUL agreed to rename its iconic beauty cream “Fair & Lovely” to “Glow & Lovely” for women and
“Glow & Handsome” for men in June, Emami, who already markets the “Fair & Handsome” cream for men,
agreed to contest the change, saying it was in the midst of “Emami Glow & Handsome” launch.

The court, however, acknowledged that HUL was a prior adopter of the “Glow & Handsome” brand name.

“So far as this court is concerned, it is sufficient to note at this early prima facie stage that the plaintiff (HUL) is a prior adopter and user of the mark “Glow & Handsome”; it has already launched its goods in the market with that trademark; and so far as the defendant (Emami) is concerned, it is admittedly at the stage of adopting “a process of launching” its goods under the trademark “Glow & Handsome”, Justice S.C. Gupte said in an order passed on Monday.

“Whilst the parties may be given some time to complete their respective pleadings, it would be in the interest of justice to then take up the matter on an expeditious basis for the hearing of the interim application. Till that happens, the defendant, who has not yet brought its own goods into the market under its proposed trademark “Glow & Handsome”, deserves to be restrained from doing so,” the order said.

The matter is posted for further hearing after two weeks.