On consolidated basis
Quarter ended December 2025 compared with Quarter ended December 2024.
Net sales (including other operating income) of EPL has increased 13.26% to Rs 1148.8 crore. Sales of AMESA segment has gone up 9.67% to Rs 387.70 crore (accounting for 31.03% of total sales). Sales of EAP segment has gone up 18.04% to Rs 295.10 crore (accounting for 23.62% of total sales). Sales of AMERICAS segment rose 19.02% to Rs 322.90 crore (accounting for 25.84% of total sales). Sales of EUROPE segment has gone up 7.98% to Rs 243.70 crore (accounting for 19.51% of total sales). Inter-segment sales rose Rs 86.60 crore to Rs 101.00 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 12.14% to Rs 139.50 crore. PBIT of AMESA segment rose 28.74% to Rs 43.90 crore (accounting for 31.47% of total PBIT). PBIT of EAP segment rose 34.04% to Rs 50.80 crore (accounting for 36.42% of total PBIT). PBIT of AMERICAS segment rose 32.88% to Rs 38.80 crore (accounting for 27.81% of total PBIT). PBIT of EUROPE segment fell 74.14% to Rs 6.00 crore (accounting for 4.30% of total PBIT). PBIT margin of AMESA segment rose from 9.65% to 11.32%. PBIT margin of EAP segment rose from 15.16% to 17.21%. PBIT margin of AMERICAS segment rose from 10.76% to 12.02%. PBIT margin of EUROPE segment fell from 10.28% to 2.46%. Overall PBIT margin fell from 11.30% to 11.17%. Operating profit margin has jumped from 19.88% to 20.09%, leading to 14.48% rise in operating profit to Rs 230.80 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 42.51% to 41.97%. Employee cost decreased from 19.61% to 19.42%. Other expenses rose from 18.91% to 19.38%. Other income rose 14.17% to Rs 14.5 crore. PBIDT rose 14.47% to Rs 245.3 crore. Provision for interest rose 5.11% to Rs 28.8 crore. PBDT rose 15.84% to Rs 216.5 crore. Provision for depreciation rose 12.17% to Rs 96.8 crore. Profit before tax grew 18.99% to Rs 119.70 crore. Share of profit/loss was 800% lower at Rs -0.9 crore. Provision for tax was expense of Rs 23.7 crore, compared to Rs 6.4 crore. Effective tax rate was 22.19% compared to 6.37%. Minority interest increased 133.33% to Rs 1.40 crore. Net profit attributable to owners of the company decreased 12.62% to Rs 81.70 crore. Promoters’ stake was 26.38% as of 31 December 2025 ,compared to 51.45% as of 31 December 2024 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of EPL has increased 11.41% to Rs 3462.6 crore. Sales of AMESA segment has gone up 3.38% to Rs 1,152.00 crore (accounting for 30.66% of total sales). Sales of EAP segment has gone up 12.72% to Rs 858.40 crore (accounting for 22.84% of total sales). Sales of AMERICAS segment rose 20.00% to Rs 967.10 crore (accounting for 25.74% of total sales). Sales of EUROPE segment has gone up 8.50% to Rs 780.10 crore (accounting for 20.76% of total sales). Inter-segment sales rose Rs 294.00 crore to Rs 296.30 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 17.13% to Rs 440.30 crore. PBIT of AMESA segment rose 7.84% to Rs 130.60 crore (accounting for 29.66% of total PBIT). PBIT of EAP segment rose 19.63% to Rs 143.80 crore (accounting for 32.66% of total PBIT). PBIT of AMERICAS segment rose 61.44% to Rs 116.40 crore (accounting for 26.44% of total PBIT). PBIT of EUROPE segment fell 20.80% to Rs 49.50 crore (accounting for 11.24% of total PBIT). PBIT margin of AMESA segment rose from 10.87% to 11.34%. PBIT margin of EAP segment rose from 15.78% to 16.75%. PBIT margin of AMERICAS segment rose from 8.95% to 12.04%. PBIT margin of EUROPE segment fell from 8.69% to 6.35%. Overall PBIT margin rose from 11.05% to 11.72%. Operating profit margin has jumped from 19.56% to 20.48%, leading to 16.66% rise in operating profit to Rs 709.20 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 41.90% to 41.52%. Employee cost decreased from 19.68% to 19.43%. Other expenses fell from 19.23% to 19.13%. Other income rose 3.61% to Rs 34.4 crore. PBIDT rose 15.99% to Rs 743.6 crore. Provision for interest fell 0.12% to Rs 85.4 crore. PBDT rose 18.47% to Rs 658.2 crore. Provision for depreciation rose 10.07% to Rs 280.8 crore. Profit before tax grew 25.59% to Rs 377.40 crore. Share of profit/loss was 80% higher at Rs -0.4 crore. Provision for tax was expense of Rs 74.4 crore, compared to Rs 50.4 crore. Effective tax rate was 20.38% compared to 16.88%.Minority interest increased 35.29% to Rs 4.60 crore. Net profit attributable to owners of the company increased 16.88% to Rs 286.00 crore. Promoters’ stake was 26.38% as of 31 December 2025 ,compared to 51.45% as of 31 December 2024 .
Full year results analysis.
Net sales (including other operating income) of EPL has increased 7.59% to Rs 4213.3 crore. Sales of AMESA segment has gone up 3.59% to Rs 1,469.40 crore (accounting for 32.14% of total sales). Sales of EAP segment has gone up 7.30% to Rs 1,003.90 crore (accounting for 21.96% of total sales). Sales of AMERICAS segment rose 12.28% to Rs 1,110.30 crore (accounting for 24.28% of total sales). Sales of EUROPE segment has gone up 10.75% to Rs 988.70 crore (accounting for 21.62% of total sales). Inter-segment sales rose Rs 321.00 crore to Rs 360.70 crore. Profit before interest, tax and other unallocable items (PBIT) has jumped 31.74% to Rs 508.00 crore. PBIT of AMESA segment fell 0.68% to Rs 160.60 crore (accounting for 31.61% of total PBIT). PBIT of EAP segment rose 3.56% to Rs 151.40 crore (accounting for 29.80% of total PBIT). PBIT of AMERICAS segment rose 99.06% to Rs 105.50 crore (accounting for 20.77% of total PBIT). PBIT of EUROPE segment rose 266.40% to Rs 90.50 crore (accounting for 17.81% of total PBIT). PBIT margin of AMESA segment fell from 11.40% to 10.93%. PBIT margin of EAP segment fell from 15.63% to 15.08%. PBIT margin of AMERICAS segment rose from 5.36% to 9.50%. PBIT margin of EUROPE segment rose from 2.77% to 9.15%. Overall PBIT margin rose from 9.10% to 11.11%. Operating profit margin has jumped from 18.24% to 19.84%, leading to 17.02% rise in operating profit to Rs 835.90 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 43.02% to 41.43%. Employee cost increased from 19.48% to 19.68%. Other expenses fell from 19.48% to 19.13%. Other income fell 26.60% to Rs 43.6 crore. PBIDT rose 13.67% to Rs 879.5 crore. Provision for interest fell 1.47% to Rs 113.9 crore. Loan funds declined from Rs 912.30 crore as of 31 March 2024 to Rs 802.50 crore as of 31 March 2025. Inventories rose to Rs 720.00 crore as of 31 March 2025 from Rs 655.80 crore as of 31 March 2024. Sundry debtors were higher at Rs 699.30 crore as of 31 March 2025 compared to Rs 695.30 crore as of 31 March 2024. Cash and bank balance declined from Rs 207.30 crore as of 31 March 2024 to Rs 196.90 crore as of 31 March 2025. Investments rose to Rs 39.40 crore as of 31 March 2025 from Rs 7.60 crore as of 31 March 2024 . PBDT rose 16.33% to Rs 765.6 crore. Provision for depreciation rose 2.97% to Rs 342.7 crore. Fixed assets increased to Rs 1,927.00 crore as of 31 March 2025 from Rs 1,868.00 crore as of 31 March 2024. Intangible assets stood at Rs 115.90 crore. Profit before tax grew 30% to Rs 422.90 crore. Share of profit/loss was 37.14% lower at Rs 2.2 crore. Extraordinary items were increased to Rs -3.60 crore. Provision for tax was expense of Rs 57.7 crore, compared to Rs 58.2 crore. Effective tax rate was 13.69% compared to 21.69%. Net profit attributable to owners of the company increased 68.39% to Rs 359.00 crore. Equity capital increased from Rs 63.70 crore as of 31 March 2024 to Rs 63.90 crore as of 31 March 2025. Per share face Value remained same at Rs 2.00. Promoters’ stake was 51.31% as of 31 March 2025 ,compared to 51.50% as of 31 March 2024 . Cash flow from operating activities increased to Rs 795.10 crore for year ended March 2025 from Rs 586.50 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 363.10 crore, compared to Rs 374.60 crore during the year ended March 2024. Other Highlights
In Q3
FY26, the company delivered growth of 26.2% YoY in Beauty & Cosmetics
segment (B&C).
In terms of revenue growth by region, Africa,
Middle East & South Asia (AMESA) grew 9.7% YoY in Q3 FY26. India grew 8.7%
YoY, East Asia Pacific (EAP) grew 18%, Americas grew 19%, and Europe grew 8%.
In Q3 FY26, Beauty & Cosmetics contributed 39% to
revenue, Oral Care 47%, pharma 9%, and others 5%.
Total capex incurred during 9M FY26 was around Rs 372.2
crore.
In Q3 FY26, exceptional items of Rs 5.3 crore was due to
implementation of new labour codes.
| EPL : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202512 | 202412 | Var.(%) | 202512 | 202412 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,148.80 | 1,014.30 | 13.26 | 3,462.60 | 3,107.90 | 11.41 | 4,213.30 | 3,916.10 | 7.59 | | OPM (%) | 20.09 | 19.88 | 21 bps | 20.48 | 19.56 | 92 bps | 19.84 | 18.24 | 160 bps | | OP | 230.80 | 201.60 | 14.48 | 709.20 | 607.90 | 16.66 | 835.90 | 714.30 | 17.02 | | Other Inc. | 14.50 | 12.70 | 14.17 | 34.40 | 33.20 | 3.61 | 43.60 | 59.40 | -26.60 | | PBIDT | 245.30 | 214.30 | 14.47 | 743.60 | 641.10 | 15.99 | 879.50 | 773.70 | 13.67 | | Interest | 28.80 | 27.40 | 5.11 | 85.40 | 85.50 | -0.12 | 113.90 | 115.60 | -1.47 | | PBDT | 216.50 | 186.90 | 15.84 | 658.20 | 555.60 | 18.47 | 765.60 | 658.10 | 16.33 | | Depreciation | 96.8 | 86.3 | 12.17 | 280.8 | 255.1 | 10.07 | 342.7 | 332.8 | 2.97 | | PBT | 119.70 | 100.60 | 18.99 | 377.4 | 300.5 | 25.59 | 422.9 | 325.3 | 30.00 | | Share of Profit/(Loss) from Associates | -0.9 | -0.1 | -800.00 | -0.4 | -2 | 80.00 | 2.2 | 3.5 | -37.14 | | PBT before EO | 118.8 | 100.5 | 18.21 | 377 | 298.5 | 26.30 | 425.1 | 328.8 | 29.29 | | EO Income | -12 | 0 | - | -12 | 0 | - | -3.6 | -60.5 | 94.05 | | PBT after EO | 106.8 | 100.5 | 6.27 | 365 | 298.5 | 22.28 | 421.5 | 268.3 | 57.10 | | Taxation | 23.7 | 6.4 | 270.31 | 74.4 | 50.4 | 47.62 | 57.7 | 58.2 | -0.86 | | PAT | 83.1 | 94.1 | -11.69 | 290.6 | 248.1 | 17.13 | 363.8 | 210.1 | 73.16 | | Minority Interest (MI) | 1.4 | 0.6 | 133.33 | 4.6 | 3.4 | 35.29 | 4.8 | -3.1 | PL | | Net profit | 81.7 | 93.5 | -12.62 | 286 | 244.7 | 16.88 | 359 | 213.2 | 68.39 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 81.7 | 93.5 | -12.62 | 286 | 244.7 | 16.88 | 359 | 213.2 | 68.39 | | EPS (Rs)* | 2.84 | 2.92 | -2.78 | 9.22 | 7.64 | 20.72 | 11.31 | 8.15 | 38.66 | | | * EPS is on current equity of Rs 64.05 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| EPL : Consolidated Segment Results | | | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202512 | 202412 | Var.(%) | % of (Total) | 202512 | 202412 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
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| Sales | | AMESA | 31.03 | 387.70 | 353.50 | 9.67 | 30.66 | 1,152.00 | 1,114.30 | 3.38 | 32.14 | 1,469.40 | 1,418.50 | 3.59 | | EAP | 23.62 | 295.10 | 250.00 | 18.04 | 22.84 | 858.40 | 761.50 | 12.72 | 21.96 | 1,003.90 | 935.60 | 7.30 | | AMERICAS | 25.84 | 322.90 | 271.30 | 19.02 | 25.74 | 967.10 | 805.90 | 20.00 | 24.28 | 1,110.30 | 988.90 | 12.28 | | EUROPE | 19.51 | 243.70 | 225.70 | 7.98 | 20.76 | 780.10 | 719.00 | 8.50 | 21.62 | 988.70 | 892.70 | 10.75 | | Total Reported Sales | 100.00 | 1,249.40 | 1,100.50 | 13.53 | 100.00 | 3,757.60 | 3,400.70 | 10.49 | 100.00 | 4,572.30 | 4,235.70 | 7.95 | | Less: Inter segment revenues | | 101.00 | 86.60 | 16.63 | | 296.30 | 294.00 | 0.78 | | 360.70 | 321.00 | 12.37 | | Net Sales | 100.00 | 1,148.40 | 1,013.90 | 13.27 | 100.00 | 3,461.30 | 3,106.70 | 11.41 | 100.00 | 4,211.60 | 3,914.70 | 7.58 | | PBIT | | AMESA | 31.47 | 43.90 | 34.10 | 28.74 | 29.66 | 130.60 | 121.10 | 7.84 | 31.61 | 160.60 | 161.70 | -0.68 | | EAP | 36.42 | 50.80 | 37.90 | 34.04 | 32.66 | 143.80 | 120.20 | 19.63 | 29.80 | 151.40 | 146.20 | 3.56 | | AMERICAS | 27.81 | 38.80 | 29.20 | 32.88 | 26.44 | 116.40 | 72.10 | 61.44 | 20.77 | 105.50 | 53.00 | 99.06 | | EUROPE | 4.30 | 6.00 | 23.20 | -74.14 | 11.24 | 49.50 | 62.50 | -20.80 | 17.81 | 90.50 | 24.70 | 266.40 | | Total PBIT | 100.00 | 139.50 | 124.40 | 12.14 | 100.00 | 440.30 | 375.90 | 17.13 | 100.00 | 508.00 | 385.60 | 31.74 | | Less : Interest | | 28.80 | 27.40 | 5.11 | | 85.40 | 85.50 | -0.12 | | 113.90 | 115.60 | -1.47 | | Add: Other un-allcoable | | -3.90 | 3.50 | PL | | 10.10 | 8.10 | 24.69 | | 27.40 | -1.70 | LP | | PBIT Margin(%) | | AMESA | | 11.32 | 9.65 | 167.68 | | 11.34 | 10.87 | 46.90 | | 10.93 | 11.40 | -46.97 | | EAP | | 17.21 | 15.16 | 205.45 | | 16.75 | 15.78 | 96.75 | | 15.08 | 15.63 | -54.52 | | AMERICAS | | 12.02 | 10.76 | 125.31 | | 12.04 | 8.95 | 308.95 | | 9.50 | 5.36 | 414.24 | | EUROPE | | 2.46 | 10.28 | -781.71 | | 6.35 | 8.69 | -234.73 | | 9.15 | 2.77 | 638.65 | | PBT | 100.00 | 106.80 | 100.50 | 6.27 | 100.00 | 365.00 | 298.50 | 22.28 | 100.00 | 421.50 | 268.30 | 57.10 |
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