Emami Ltd (EMAMILTD) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Emami Ltd. reported a robust core domestic business growth of 8.6% with a volume growth of around 6% in Q3 FY24.
- This growth was achieved despite challenges in male grooming (down 4%) and Kesh King (down 10%).
- BoroPlus range performed exceptionally well, growing by 20% driven by antiseptic cream sales.
- Healthcare range saw 13% growth, led by Zandu Care's 90% growth. Navratna and Pain Management portfolios grew by 3% each.
- Consolidated revenue for Q3 FY24 stood at INR 1,049 crores, a 5% increase, after accounting for a 13% decline in strategic investments and a 3% decline in international business.
- Fair and Handsome was rebranded to Smart and Handsome, aiming to expand the brand's reach in the male grooming market.
- Mentho Plus Balm Total was launched in the southern region.
- Organized channels (modern trade, e-commerce, institutional sales) contributed 28.6% of domestic business, growing at nearly double the pace of the overall domestic business.
- Gross margins expanded by 150 basis points to 70.3%.
- EBITDA grew by 8% to INR 339 crores, with margins expanding by 70 basis points.
- Profit after tax increased by 8% to INR 279 crores.
- For the nine months ended December '24:
- Gross margins expanded by 140 basis points to 69.6%.
- EBITDA grew by 9% to INR 806 crores.
- PAT increased by 12% to INR 644 crores.
- The Board declared a second interim dividend of 400% (INR 4 per share), totaling 800% (INR 8 per share) for FY24.
- Core domestic business delivered 7% growth, including 5% volume growth, for the nine months ended December '24.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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