Investor Presentation

Emami's Board met to discuss financial results for the quarter and half-year. **Business Performance:** Q2 consolidated revenue declined 10% YoY to ₹799 Cr, with Profit After Tax (PAT) falling 30% to ₹148 Cr and EBITDA down 29% to ₹179 Cr.

This was largely due to temporary trade disruptions from GST rate reductions and a weak summer.

Notably, non-GST impacted segments grew 10%, and International Business saw 8% growth.

Gross margins remained stable at 71%. An interim dividend of ₹4 per share was declared. **Growth Drivers & Strategy:** The company passed on GST benefits, making 93% of its core domestic portfolio 5% GST, enhancing affordability.

Strategic focus includes innovation: Smart & Handsome expanded into 12 new male grooming categories, and Kesh King was relaunched as Kesh King Gold with an upgraded Ayurvedic formulation.

Zanducare also launched new products. **Management Outlook:** Management termed Q2 performance temporary, noting October brought a clear turnaround with trade sentiment and winter loading recovering.

They expressed confidence in strong growth for H2, prioritizing portfolio premiumisation and value-added innovation.