Emami Paper Mills Limited Earnings Summary — Q4 FY2026

• Net profit witnessed an exponential year-on-year increase, rising from ₹3.92 crore in Q4 FY25 to ₹31.50 crore in Q4 FY26.
• The Board recommended an equity dividend of 160% (₹3.20 per share) and a preference dividend of 8% (₹8 per share).
• Operating efficiencies improved as total expenses decreased slightly even as total income grew compared to the previous year.
• Exceptional item of ₹1.25 crore recognized for the year due to incremental retiral obligations following the notification of New Labour Codes.
• The company continues to de-leverage, having redeemed ₹45 crore of preference shares during the fiscal year.
• The company maintains a single-segment operation focused on paper, paperboard, and newsprint, reporting zero subsidiary exposure.

Management is monitoring new labor code developments for future accounting adjustments. The reappointment of Shri Manish Goenka as Vice Chairman for 3 years signals continuity in strategic leadership through 2029.

Improving

Significant bottom-line recovery and consistent dividend payouts despite stagnant top-line growth indicate better cost management and margin expansion.

The company is navigating a transition toward packaging boards while managing legacy newsprint volatility; focus remains on balance sheet optimization and preference share redemption through 2026.