Emami navigates import headwinds with profit rise
In the third quarter of fiscal year 2025 (Q3 FY25), Emami Paper Mills faced significant challenges, with its profit after tax (PAT) declining by 77.6% year-over-year to INR 1.70-crore. This contrasts with a separate report for the parent company, Emami, which posted an 8% increase in its Q3 profit.
12 Nov 2025 | By PrintWeek Team
Emami has achieved over 100% capacity utilisation for its existing packaging board unit
The results should be seen in the context of a regulatory action which is set to impact the company's operating environment. Readers of PrintWeek magazine will recall that the Directorate General of Trade Remedies (DGTR) imposed anti-dumping duties on virgin multi-layer paperboards imported from Chile and China. This move is expected to provide much-needed relief to Emami Paper Mills, which reported a sharp 69% decline in its PAT for the full FY 2024-25 due to a surge in low-cost imports from countries including China and ASEAN nations.
These developments follow a period of operational stress, with the company reporting a 51% decline in PAT to INR 6.31 crores in the first quarter (Q1) ended 30 June, 2025, compared to the same period last year. Despite the challenges, the company maintained its credit rating at IND A-/Stable and reduced its finance costs by 9% in the last fiscal year.
Emami has achieved over 100% capacity utilisation for its existing packaging board unit and has increased its capacity from 132,000 to 180,000 tonnes per annum. The company's Balasore mill has been upgraded with a Valmet IntelliSizer size press and a Bellmer TurboJetter headbox to enhance production capabilities for various grades of paper.
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