Emami's bank facilities reaffirmed with stable outlook

Emami Limited announced today that CareEdge Ratings Limited has reaffirmed its ratings for the company's long-term/short-term bank facilities at CARE AA+; Stable / CARE A1+. The total size of the issue rated is INR1,680 million. Concurrently, the rating for its Commercial Paper (Standalone) issue has been withdrawn as no commercial paper has been issued or remains outstanding.

The ratings reflect Emami's established presence in the fast-moving consumer goods (FMCG) industry, supported by strong brands and robust financial performance in FY25. The company reported a total operating income of INR3,797.38 crore in FY25, up from INR3,574.37 crore in FY24, with a healthy PBILDT margin of 26.69%. Overall gearing stood at 0.03x as of March 31, 2025, demonstrating a strong capital structure.

Despite a slight moderation in H1FY26 due to unfavorable weather and temporary trade disruptions, the outlook remains stable, with performance expected to improve. The company's strong liquidity is supported by healthy accruals and a cash, bank, and liquid investment balance of INR845 crore as of September 30, 2025. These factors, alongside continuous investments in brand strengthening and a wide distribution network, are expected to sustain its healthy business risk profile.