Emami Q2FY26 Earnings Results Out: Revenue Drops 10% Amid GST Reform Transition

Emami Q2FY26 earnings results indicate the company is adjusting to new GST reforms implemented during the quarter. Its consolidated revenue stood at ₹799 crore, marking a 10% year-on-year decline. While this reform is structurally positive for long-term demand, it led to short-term disruptions in September. As a result, sales were temporarily impacted during the transition period.

How Did GST Reforms Impact Emami Q2FY26 Earnings Results?

The government’s recent move to reduce GST rates across key FMCG categories was a major factor influencing Emami’s performance. Nearly 88% of Emami’s core domestic portfolio has benefited from this rate reduction—from 12% or 18% to 5%. With this change, around 93% of the company’s domestic products now fall under the lowest GST slab.

Key Highlights of Emami Q2FY26 Earnings Results

Despite the decline, Emami’s non-GST impacted portfolio performed well, delivering a 10% growth during the quarter.

How is Emami Evolving To Meet Shareholder Expectations?

Emami continued to invest in innovation and premiumisation across key brands:

• Smart and Handsome, rebranded from Fair and Handsome, expanded with 12 new SKUs in the male grooming category.
• Kesh King was relaunched as Kesh King Gold, featuring new packaging and an improved formula.
• The Zanducare portfolio was enhanced with new product additions.

In the international market, Emami achieved 8% growth, supported by new product launches under the Creme 21 brand, despite global economic challenges.

₹4 Dividend Declared After Emami Q2FY26 Earnings Results

The Board of Directors declared an interim dividend of 400%, amounting to ₹4.00 per share for FY26.

While Q2 performance was affected by temporary trade delays, Emami expects growth to rebound in the second half of FY26 as trade sentiment normalises and the benefits of GST reduction start to reflect in consumer demand.

Read more: Tata Motors Passenger Vehicles (TMPV) Date Announced: November 14, 2025.

Conclusion

Emami’s second-quarter results highlight a short-term dip caused by structural change, not weakness in fundamentals. With over 90% of its portfolio under the lowest GST rate, ongoing innovation, and steady international growth, the company remains well-positioned to capitalize on long-term opportunities in India’s evolving FMCG market.

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