Emami Paper Mills doubles annual profit to ₹61.38 crore
Profit surged over 135% on flat revenue of ₹1,928 crore, prompting a dividend of ₹3.20 per equity share.
— 1 earlier story on Emami Paper Mills Ltd. →What's new
- Net profit rose to ₹61.38 cr from ₹26.01 cr in the previous year.
- Total income remained stagnant at ₹1,928 cr.
- Board recommended a dividend of ₹3.20 per equity share and ₹8 per preference share.
Why this matters
The company managed a massive profit jump despite zero top-line growth. This suggests that internal cost-cutting or a shift in product mix is doing the heavy lifting for shareholders.
What we're watching
- Whether the company can sustain these margins if revenue growth remains flat.
- Shareholder approval for the proposed dividend payouts.
- The impact of the re-appointed leadership on long-term strategy.
The full read
Emami Paper Mills delivered a sharp profit increase for the year ended March 2026, with net profit reaching ₹61.38 crore. This is a significant jump from the ₹26.01 crore reported in the prior fiscal year. The result is unusual because the company’s total income remained flat at ₹1,928 crore. The board responded by recommending a dividend of ₹3.20 per equity share and ₹8 per preference share. For a company of this size, the ability to more than double profits without top-line growth points to internal efficiencies or a more profitable product mix. Leadership remains stable, as the board re-appointed Manish Goenka as Vice Chairman for a three-year term starting in July. V.K. Jain & Co. will serve as cost auditors for FY27. The core test is whether these margins hold if revenue remains stagnant.
Questions answered
- How did profit grow so much while revenue stayed flat?
- Total income was stagnant at ₹1,928 crore, yet net profit climbed to ₹61.38 crore. This indicates improved operational efficiency or a change in the product mix.
- What is the dividend payout for shareholders?
- The board recommended a dividend of ₹3.20 per equity share and ₹8 per preference share, pending shareholder approval.
- What governance changes did the board announce?
- The board re-appointed Manish Goenka as Vice Chairman for a three-year term starting July 2026 and named V.K. Jain & Co. as cost auditors for FY27.
- How does this year's profit compare to last year?
- Profit rose from ₹26.01 crore in the previous fiscal year to ₹61.38 crore for the year ended March 2026, an increase of over 135%.
Story so far
All notes on EMAMIPAP →- 28 May 2026 · 4:33 PM IST Emami Paper Mills doubles annual profit to ₹61.38 crore
- today Emami Paper Mills doubles annual profit to ₹61.38 crore