Emami Limited announced that CARE Ratings Limited has reaffirmed its credit rating for the company's bank facilities. The long-term and short-term bank facilities have been assigned a rating of CARE AA+ with a Stable outlook, and CARE A1+ respectively. These ratings remain unchanged. Additionally, CARE Ratings has withdrawn the rating assigned to Emami Limited's commercial paper issue, as no commercial paper has been issued and there are no outstanding amounts. The rationale for the reaffirmed ratings highlights Emami's established presence in the FMCG industry, strong brands, extensive distribution network, and robust financial performance in FY25. While there was a slight moderation in H1FY26 due to weather and trade disruptions, performance is expected to improve in H2FY26. The rating rationale also factors in the company's strong capital structure, liquidity, and debt coverage indicators, despite a high dividend payout. Key strengths include a long track record, established brands like Boroplus and Navratna, regular brand investment, a wide distribution channel, experienced management, and strong R&D capabilities. The company's liquidity is strong, supported by healthy accruals and a substantial balance of cash, bank, and liquid investments. Weaknesses noted include susceptibility to raw material price volatility and intense competition in the FMCG sector.