Emami Paper Mills LimitedQ1 FY27 Results & Financial Update
Emami Paper Mills Limited: Q1 FY27 standalone results and company financials – revenue ₹560.16 Cr, PAT ₹38.61 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Emami Paper Mills Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Emami Paper Mills Limited delivered a robust financial performance for the quarter ended June 30, 2026, registering significant expansion across both top-line revenue and bottom-line profitability compared to the corresponding period of the previous fiscal year.
Revenue from operations for Q1 FY27 stood at Rs. 560.16 crore, reflecting a notable increase from Rs. 459.76 crore reported in Q1 FY25 and Rs. 496.41 crore in the preceding quarter ended March 31, 2026.
Earnings before interest, depreciation, and tax (EBITDA) reached Rs. 83.15 crore for the quarter, more than doubling from Rs. 39.28 crore in the same period last year, highlighting enhanced operational efficiencies and favorable realization trends.
Profit before tax (PBT) before exceptional items advanced to Rs. 53.26 crore, compared to Rs. 9.35 crore in Q1 FY26 and Rs. 46.22 crore in Q4 FY26, demonstrating sustained sequential earnings momentum.
Profit after tax (PAT) for the quarter surged to Rs. 38.61 crore from Rs. 6.31 crore in the year-ago period and Rs. 31.50 crore in the sequential fourth quarter of FY26.
Basic earnings per share (EPS) for the quarter improved substantially to Rs. 6.21 (not annualized), compared with Rs. 0.84 in Q1 FY26, while diluted EPS stood at Rs. 5.69 against Rs. 0.81 previously.
Total comprehensive income for the quarter closed at Rs. 39.80 crore, incorporating fair value gains on equity investments and actuarial adjustments on defined benefit plans.
01 · Business model
What does Emami Paper Mills do?
Emami Paper Mills Limited operates as a prominent manufacturer in the Indian paper and paperboard industry, producing a diverse portfolio that includes writing and printing paper, multi-layer paperboard, and newsprint.
The company's operational model relies on large-scale manufacturing facilities designed to serve both domestic converters, publishers, and packaging clients across diverse end-use sectors.
Revenue generation is driven by primary product sales from its single reportable manufacturing segment, supported by raw material procurement strategies and energy management within its production plants.
02 · Historical context
What shaped the business before this quarter
During the preceding financial year ended March 31, 2026, the company recorded total operating revenue of Rs. 1,907.23 crore and a net profit after tax of Rs. 61.38 crore.
Following the notification of the New Labour Codes by the Government of India effective November 21, 2025, the company previously assessed an incremental retiral obligation impact of Rs. 1.25 crore during FY26.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹560.16 Cr |
| Total income | ₹560.37 Cr |
| Profit before tax | ₹53.26 Cr |
| Profit after tax | ₹38.61 Cr |
| EPS | ₹5.69 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 6.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 9.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.21 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations expanded to Rs. 560.16 crore, supported by healthy volume uptake and product realization in the paper and paperboard segments.
What drove margins
Cost of materials consumed stood at Rs. 352.84 crore alongside inventory adjustments of Rs. 6.65 crore for finished goods and work-in-progress.
Power and fuel costs were controlled at Rs. 34.00 crore, maintaining alignment with historical run rates despite operational scaling.
Employee benefit expenses were recorded at Rs. 23.94 crore, while finance costs stood at Rs. 16.96 crore and depreciation and amortization expense was reported at Rs. 12.93 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates within a single reportable business segment encompassing paper and paperboard, including newsprint; consequently, separate segment-wise financial reporting is not applicable.
06 · Reported developments
What changed operationally
PAT multiplied significantly year-on-year to reach Rs. 38.61 crore, underpinned by strong operational performance and disciplined cost management.
07 · Items worth noticing
The line items that can distort a quick read
No exceptional items were reported for the quarter ended June 30, 2026, compared to an exceptional charge of Rs. 1.25 crore recognized in the previous fiscal year for retiral obligations under the New Labour Codes.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
The Board noted the scheduled redemption of 7,50,000 unlisted Series II Tranche IV Optionally Convertible Redeemable Preference Shares (OCRPS) at an aggregate payout of Rs. 45.00 crore due on July 31, 2026.
The Board also noted the upcoming redemption of 11,25,000 unlisted Series III OCRPS amounting to an aggregate payout of Rs. 78.75 crore scheduled for September 16, 2026.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Review
The unaudited financial results for Q1 FY27 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on July 22, 2026, with a limited review report issued by statutory auditors S K Agrawal and Co Chartered Accountants LLP.
10 · Previous-quarter changes
What changed since the previous quarter
Operating revenue increased sequentially from Rs. 496.41 crore in Q4 FY26 to Rs. 560.16 crore in Q1 FY27, with PAT rising from Rs. 31.50 crore to Rs. 38.61 crore.
11 · Key Q&A
The quarter, answered directly
What does Emami Paper Mills do?
Emami Paper Mills Limited operates as a prominent manufacturer in the Indian paper and paperboard industry, producing a diverse portfolio that includes writing and printing paper, multi-layer paperboard, and newsprint.
What is the clearest takeaway from Q1 FY27?
Emami Paper Mills Limited delivered a robust financial performance for the quarter ended June 30, 2026, registering significant expansion across both top-line revenue and bottom-line profitability compared to the corresponding period of the previous fiscal year.
What drove revenue or demand?
Revenue from operations expanded to Rs. 560.16 crore, supported by healthy volume uptake and product realization in the paper and paperboard segments.
What mattered most for margins or profitability?
Cost of materials consumed stood at Rs. 352.84 crore alongside inventory adjustments of Rs. 6.65 crore for finished goods and work-in-progress.
What changed operationally beyond the headline numbers?
The unaudited financial results for Q1 FY27 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on July 22, 2026, with a limited review report issued by statutory auditors S K Agrawal and Co Chartered Accountants LLP.
What should the next disclosure help confirm?
Monitor the execution of the upcoming preference share redemptions totaling Rs. 45.00 crore on July 31, 2026, and Rs. 78.75 crore on September 16, 2026.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Preference Share Payouts: Monitor the execution of the upcoming preference share redemptions totaling Rs. 45.00 crore on July 31, 2026, and Rs. 78.75 crore on September 16, 2026.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.