Slowdown forces Emami to delay new launches, male-grooming range hit badly

the underperformance of winter portfolio, decline in male grooming range lead to flat Q3 revenue growth

The ongoing slowdown is prompting Emami Ltd to go slow on new launches.

“It is not that we haven’t launched any new products in the past few quarters or will not launch going forward. We will be now more cautious with new launches as we do not want to take unnecessary risk at this point of time, when consumer sentiment is weak,” Harsha V. Agarwal, director at Emami Ltd told Business Standard.

According to the company, its male-grooming range was particularly under sustained pressure due to the ongoing adverse environment in discretionary consumption, leading to a revenue decline of 39