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Emami Valuation Multiples

Discover revenue and EBITDA valuation multiples for Emami and similar public comparables like Shenzhen KTC Technology, Coty, Anhui Anke Biotechnology, SILICON2 and more.

Emami Overview

About Emami

Emami Ltd is a fast-moving consumer goods company engaged in the manufacturing and marketing of personal care & healthcare products.. The company's portfolio includes trusted power brands like Navratna, BoroPlus, Fair & Handsome, Zandu Balm, Mentho Plus, and Kesh King. Geographically, the company generates the majority of its revenue from India.


Founded

1983

HQ

India

Employees

3.2K

Financials (LTM)

Revenue: $415M
EBITDA: $109M

EV

$2B

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Emami Financials

Emami reported last 12-month revenue of $415M and EBITDA of $109M.

In the same LTM period, Emami generated $287M in gross profit, $109M in EBITDA, and $90M in net income.

Revenue (LTM)


Emami P&L

In the most recent fiscal year, Emami reported revenue of $445M and EBITDA of $120M.

Emami is profitable as of last fiscal year, with gross margin of 61%, EBITDA margin of 27%, and net margin of 22%.

See analyst estimates for Emami
LTMLast FY202320242025202620272028
Revenue$415M$445M$370M$393M$409M
Gross Profit$287M$270M$244M$265M$281M
Gross Margin69%61%66%67%69%
EBITDA$109M$120M$103M$112M$110M
EBITDA Margin26%27%28%29%27%
EBIT Margin23%23%21%22%23%
Net Profit$90M$98M$75M$83M$89M
Net Margin22%22%20%21%22%

Financial data powered by Morningstar, Inc.

Emami Stock Performance

Emami has current market cap of $2B, and enterprise value of $2B.

Market Cap Evolution


Emami's stock price is $4.85.

Emami share price increased by 3.5% in the last 30 days, and decreased by 23.3% in the last year.

Emami has an EPS (earnings per share) of $0.22.

See more trading valuation data for Emami
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$2B1.0%3.5%-2.1%-23.3%$0.22

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Emami Valuation Multiples

Emami trades at 4.9x EV/Revenue multiple, and 18.6x EV/EBITDA.

See NTM and 2027E valuation multiples for Emami

EV / Revenue (LTM)


Emami Financial Valuation Multiples

As of May 9, 2026, Emami has market cap of $2B and EV of $2B.

Emami has a P/E ratio of 23.6x.

LTMLast FY202320242025202620272028
EV/Revenue4.9x4.6x5.5x5.2x5.0x
EV/EBITDA18.6x16.9x19.7x18.1x18.5x
EV/EBIT21.6x19.4x26.3x23.1x22.1x
EV/Gross Profit7.1x7.5x8.3x7.7x7.2x
P/E23.6x21.7x28.4x25.4x23.9x
EV/FCF23.8x21.9x26.2x23.2x23.6x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Emami Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Emami Margins & Growth Rates

Emami decreased revenue by 8% and EBITDA by 10% in the last fiscal year.

In the most recent fiscal year, Emami reported gross margin of 61%, EBITDA margin of 27%, and net margin of 22%.

See estimated margins and future growth rates for Emami

Emami Margins

Last FY202420252026202720282029
Gross Margin61%67%69%69%
EBITDA Margin27%29%27%27%
EBIT Margin23%22%23%23%
Net Margin22%21%22%21%
FCF Margin21%22%21%20%

Emami Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(8%)6%4%7%
Gross Profit Growth5%9%6%8%
EBITDA Growth(10%)9%(2%)6%
EBIT Growth(11%)14%5%10%
Net Profit Growth(8%)12%6%4%
FCF Growth(9%)13%(1%)1%

Data powered by FactSet, Inc. and Morningstar, Inc.

Emami Operational KPIs

Emami's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

Emami's Rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Emami's Rule of X is 44% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Emami
LTMLast FY202320242025202620272028
Rule of 4035%34%———
Bessemer Rule of X47%44%———
Revenue per Employee—$0.1M———
Opex per Employee—$0.1M———
S&M Expenses to Revenue19%19%22%21%19%
G&A Expenses to Revenue—1%1%1%1%
Opex to Revenue—41%45%45%44%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Emami Competitors

Emami competitors include Shenzhen KTC Technology, Coty, Anhui Anke Biotechnology, SILICON2, Softcare, Getac Holdings, Interparfums, Qingdao Baheal Medical, Blue Moon Group and CASIO.

Most Emami public comparables operate across Health & Beauty and Consumer Electronics.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Shenzhen KTC Technology1.1x1.1x17.5x18.5x
Coty0.9x1.0x18.2x6.3x
Anhui Anke Biotechnology5.0x4.9x13.8x13.7x
SILICON22.5x2.3x12.4x12.1x
Softcare3.2x—11.7x—
Getac Holdings1.3x1.2x6.1x6.4x
Interparfums2.2x2.1x9.4x9.9x
Qingdao Baheal Medical1.9x1.8x14.9x15.0x

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Emami M&A Activity

Emami has acquired 4 companies to date.

Last acquisition by Emami was on March 31st 2026. Emami acquired Axiom Ayurveda for $2M (EV/Revenue multiple of ).

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Latest Acquisitions by Emami

Axiom Ayurveda
The Man Company
Reckitt (Dermicool brand)
keshking
Description
Axiom Ayurveda manufactures herbal and fruit juices, hair care products, skin care items, healthy herbal shots, and supplements.
The Man Company is a Gurgaon-based men's grooming brand offering beard oils, hair waxes, face washes, and body sprays with natural ingredients like tea tree and charcoal. Founded in 2015, it sells through Amazon India and 5,000 offline stores, reaching 2 million customers with 100 crore rupees revenue in 2023. Products are paraben-free and vegan-certified by PETA.
—
Kesh King is an Ahmedabad-based ayurvedic hair care brand offering scalp treatments and shampoos for families across India. Established in 2014 by OmniActive Health Technologies, the product line includes anti-hairfall oils with bhringraj and amla, distributed via Flipkart, Amazon, and 50,000 pharmacies. Kesh King scalp cleansers target dandruff and greying, backed by clinical trials showing 80% hairfall reduction. Manufacturing occurs in Gujarat facilities adhering to AYUSH standards.
HQ CountryIndiaIndiaUnited KingdomIndia
HQ City
Haryana
Gurgaon
—
Ahmedabad
Deal Date31 Mar 202631 Aug 202425 Mar 20222 Jun 2015
Valuation$2M$73M$57M$259M
EV/Revenue
EV/EBITDA

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Emami Investment Activity

Emami has invested in 2 companies to date.

Latest investment by Emami was on June 22nd 2021. Emami invested in The Man Company in their $7M Strategic investment round (EV/Revenue multiple of ).

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Latest Investments by Emami

The Man Company
Loli Beauty
The Man Company
Description
The Man Company is a Gurgaon-based men's grooming brand offering beard oils, hair waxes, face washes, and body sprays with natural ingredients like tea tree and charcoal. Founded in 2015, it sells through Amazon India and 5,000 offline stores, reaching 2 million customers with 100 crore rupees revenue in 2023. Products are paraben-free and vegan-certified by PETA.
Loli Beauty is a Toronto-based clean beauty brand formulating skincare and makeup products from organic, food-grade ingredients excluding water, preservatives, and synthetics. Its lineup includes serums, foundations, and lip colors sold through Sephora stores in Canada and the U.S.
The Man Company is a Gurgaon-based men's grooming brand offering beard oils, hair waxes, face washes, and body sprays with natural ingredients like tea tree and charcoal. Founded in 2015, it sells through Amazon India and 5,000 offline stores, reaching 2 million customers with 100 crore rupees revenue in 2023. Products are paraben-free and vegan-certified by PETA.
HQ CountryIndiaUnited KingdomIndia
HQ City
Gurgaon
Birmingham
Gurgaon
Deal Date22 Jun 202122 Jun 20187 Dec 2017
RoundStrategic investmentPre-seedSeries A
Raised$7M$700K$3M
InvestorsEmamiEmami; Social StartsEmami
Valuation$73M$8Mundisclosed
EV/Revenue
EV/EBITDA

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About Emami

When was Emami founded?Emami was founded in 1983.
Where is Emami headquartered?Emami is headquartered in India.
How many employees does Emami have?As of today, Emami has over 3K employees.
Is Emami publicly listed?Yes, Emami is a public company listed on National Stock Exchange of India.
What is the stock symbol of Emami?Emami trades under EMAMILTD ticker.
When did Emami go public?Emami went public in 2006.
Who are competitors of Emami?Emami main competitors include Shenzhen KTC Technology, Coty, Anhui Anke Biotechnology, SILICON2, Softcare, Getac Holdings, Interparfums, Qingdao Baheal Medical, Blue Moon Group, CASIO.
What is the current market cap of Emami?Emami's current market cap is $2B.
What is the current revenue of Emami?Emami's last 12 months revenue is $415M.
What is the current revenue growth of Emami?Emami revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Emami?Current revenue multiple of Emami is 4.9x.
Is Emami profitable?Yes, Emami is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Emami?Emami's last 12 months EBITDA is $109M.
What is Emami's EBITDA margin?Emami's last 12 months EBITDA margin is 26%.
What is the current EV/EBITDA multiple of Emami?Current EBITDA multiple of Emami is 18.6x.
What is the current FCF of Emami?Emami's last 12 months FCF is $85M.
What is Emami's FCF margin?Emami's last 12 months FCF margin is 21%.
What is the current EV/FCF multiple of Emami?Current FCF multiple of Emami is 23.8x.
How many companies Emami has acquired to date?As of May 2026, Emami has acquired 4 companies.
What was the largest acquisition by Emami?$259M acquisition of keshking on 2nd June 2015 was the largest M&A Emami has done to date.
What companies Emami acquired?Emami acquired keshking, The Man Company, Reckitt (Dermicool brand), and Axiom Ayurveda.
In how many companies Emami has invested to date?As of May 2026, Emami has invested in 2 companies.
What was the last Emami investment?On 22nd June 2021 Emami invested in The Man Company, participating in a $7M Strategic investment round at $73M valuation.
In what companies Emami invested in?Emami invested in The Man Company and Loli Beauty.

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