Brands
Emami on a high note as profits glow and dividends sweeten the deal
MUMBAI: When the numbers shine, the balance sheet smiles. Emami Limited closed the December 2025 quarter on a confident footing, posting a sharp jump in profits and reaffirming its shareholder-friendly stance with a generous interim dividend. The FMCG major reported a consolidated profit after tax of Rs 31,948 crore for the quarter ended 31 December 2025, up from Rs 27,898 crore in the same period last year.
Revenue from operations for the quarter stood at Rs 1,15,181 crore, compared with Rs 1,04,948 crore a year ago, reflecting steady demand across its portfolio despite a competitive and cost-sensitive market environment. Total income rose to Rs 1,17,078 crore, aided by other income of Rs 1,897 crore.
On the cost side, Emami managed expenses with a careful hand. Total expenses for the quarter came in at Rs 76,761 crore, with advertising and sales promotion spend at Rs 15,639 crore, underscoring continued investment in brand visibility. Employee benefits expense stood at Rs 12,122 crore, while overall cost discipline helped protect margins.
Profit before tax for the quarter rose to Rs 34,505 crore, even after accounting for an exceptional item of Rs 1,015 crore. Tax expenses were contained at Rs 2,557 crore, resulting in a healthy bottom line and earnings per share of Rs 7.32, unchanged on a diluted basis.
For the nine months ended 31 December 2025, Emami reported revenue from operations of Rs 2,85,441 crore, broadly in line with Rs 2,84,614 crore recorded in the corresponding period last year. Profit after tax for the nine-month period stood at Rs 63,209 crore, reflecting stable performance across quarters despite cost pressures.
The company also announced a second interim dividend of Rs 6 per equity share of Re 1 each, translating to a payout of 600 per cent. The record date for the dividend has been set as 10 February 2026, with payment scheduled on or before 6 March 2026.
With steady operating performance, disciplined spending and continued cash returns to shareholders, Emami’s latest results signal a business that is balancing growth ambitions with financial prudence and keeping investors comfortably in the green.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
