Mumbai, Nov. 10 -- EBITDA declined by 28.7% YoY to Rs 178.5 crore while EBITDA margin contracted by 570 basis points to 22.4% in the second quarter.

Profit before tax in Q2 FY26 stood at Rs 150.2 crore, down by 31.9% from Rs 220.4 crore in Q2 FY25.

Emami said that this quarter witnessed a transformational policy development with the Government's decision to reduce GST rates across key FMCG categories.

This is a landmark reform aimed at enhancing affordability, improving consumer purchasing power, and ultimately stimulating broad-based consumption across both urban and rural India.

For the company, this reform is structurally positive, as nearly 88% of its core domestic portfolio benefited from the reduction in GST from 12% or 18% to 5...