Q4 2024 Emami Ltd Earnings Call Transcript
Key Points
- Emami Ltd (BOM:531162) reported an 8% growth in consolidated net sales, reaching INR881 crore.
- The company's domestic business grew by 8%, with a healthy volume growth of 6.4%.
- The BoroPlus range saw a significant growth of 32% due to extended winters.
- International business grew by 9% in constant currency terms and 8% in INR terms, driven primarily by the MENA region.
- Gross margins expanded by 270 basis points to 65.8%, and EBITDA grew by 6% to INR211 crore.
- Male Grooming range and Kesh King range were impacted by lower discretionary consumption, declining by 2% and 9% respectively.
- Despite geopolitical crises and currency depreciations in key geographies, the international business faced challenges.
- The company had to invest heavily in brand-building activities, resulting in a 39% increase in A&P spends.
- The summer portfolio growth was not as strong in Q4, likely due to a delayed winter.
- E-commerce profitability is slightly lower than other channels due to higher discounts and offers.
Ladies and gentlemen, good day and welcome to Emami Limited Q4 FY24 earnings conference call hosted by IIFL Securities Limited. (Operator Instructions) Please note that this conference is recorded.
I now hand the call over to Mr. Percy Panthaki from IIFL Securities Limited. Thank you and over to you, sir.
Hi, everyone. Good evening. It's our pleasure to host the management of Emami Limited for their 4Q call. I have with me on the line, Mr. Mohan Goenka, Wholetime Director and Vice Chairman; Mr. Vivek Dhir, CEO, International Business; Mr. Gul Raj Bhatia, President, Health Care Division; Mr. Manish Gupta, President Sales; and Mr. Rajesh Sharma, President, Finance and IR.
I'll now hand over the call to Mr. Mohan Goenka, who will take you through the presentation, and then we will open up for Q&A. Over to you, sir.
Thank you, Percy. Very good afternoon, ladies and gentlemen.
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