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Eveready Industries India Results: Latest Quarterly Results & Analysis

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Eveready Industries India Ltd. 10 Aug 2026 16:27 PM

Q1FY27 Quarterly Result Announced for Eveready Industries India Ltd.

Household Products company Eveready Industries India announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from Operations: The consolidated revenue for Q1FY27 stood at Rs 407.71 crore, representing a YoY increase of 8.97% from Rs 374.14 crore in Q1FY26 and a QoQ increase of 24.59% from Rs 327.23 crore in Q4FY26.
  • Total Income: For Q1FY27, total income was Rs 407.97 crore, showing an increase of 8.34% YoY compared to Rs 376.56 crore in Q1FY26 and a 24.43% increase QoQ from Rs 327.87 crore in Q4FY26.
  • Profit After Tax: The consolidated net profit for Q1FY27 was Rs 36.97 crore, marking a YoY growth of 22.30% from Rs 30.23 crore in Q1FY26. However, it decreased by 73.92% on a QoQ basis from Rs 141.76 crore in Q4FY26.
  • Total Comprehensive Income: This parameter stood at Rs 36.71 crore for Q1FY27, up 24.44% YoY from Rs 29.50 crore in Q1FY26, and down 74.26% QoQ from Rs 142.61 crore in Q4FY26.
  • Earnings Per Share (EPS): Basic and Diluted EPS for Q1FY27 was Rs 5.09, compared to Rs 4.16 in Q1FY26 and Rs 19.50 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue for Q1FY27 was Rs 407.71 crore, up 8.97% YoY from Rs 374.14 crore in Q1FY26 and up 24.59% QoQ from Rs 327.23 crore in Q4FY26.
  • Total Income: Total standalone income for Q1FY27 was Rs 407.94 crore, compared to Rs 376.56 crore in Q1FY26 ( 8.33% YoY) and Rs 327.82 crore in Q4FY26 ( 24.44% QoQ).
  • Profit After Tax: Net profit for Q1FY27 stood at Rs 36.96 crore, a YoY increase of 22.42% from Rs 30.19 crore in Q1FY26 and a QoQ decrease of 73.92% from Rs 141.74 crore in Q4FY26.
  • Total Comprehensive Income: Total standalone comprehensive income for Q1FY27 was Rs 36.71 crore, versus Rs 29.49 crore in Q1FY26 and Rs 142.29 crore in Q4FY26.

Business Highlights:

  • Jammu Facility Commencement: During Q1FY27, the company commenced commercial production of its alkaline battery manufacturing facility at Jammu, effective from May 29, 2026. The facility has an installed capacity of 456 million alkaline batteries per annum.
  • Segment Performance: The company operates primarily in the marketing of dry cell batteries, rechargeable batteries, flashlights, and lighting products. These are categorized under a single business segment known as "Consumer Goods."
  • Noida Plant Sale: The company entered into an agreement for the sale and transfer of its Noida plant. As of June 30, 2026, the carrying value of the asset amounting to Rs 6.09 crore is classified as 'Assets held for sale.' An advance of Rs 44.09 crore has been received under the sale agreement and is presented under Current Liabilities.
  • CCI Penalty Update: The Competition Commission of India (CCI) had previously imposed a penalty of Rs 171.55 crore on the company. The National Company Law Appellate Tribunal (NCLAT) has granted a stay on this penalty subject to a 10% deposit (which has been deposited). No provision has been made in the accounts as the final outcome remains uncertain.
  • ESOP Grant: During Q1FY27, the Nomination and Remuneration Committee approved the grant of 10,55,000 stock options to eligible employees under the ESOP Plan 2026. The company recognized a share-based payment expense of Rs 1.31 crore during the quarter.
  • Battery Waste Management: The company is fulfilling its Extended Producer Responsibility (EPR) obligations under the Battery Waste Management Rules, 2022. It is currently unable to reliably estimate the further financial impact, if any, which will be accounted for once a reliable estimate is established.

Anirban Banerjee, Chief Executive Officer, said - “We continue to see healthy topline momentum across channels and key segments and expect this growth trajectory to continue. Commodity prices, input costs and currency movements remain key pressure points. We are closely monitoring macro developments and taking calibrated actions to protect profitability and maintain margin stability. At the same time, we remain focused on strengthening our product portfolio, expanding market presence and driving sustainable growth.”

Bibek Agarwala, Executive Director & Chief Financial Officer, said - “Margins remained broadly stable despite inflation in zinc and other key inputs, supported by calibrated pricing, forex management and cost discipline. As the Jammu alkaline facility scales up, localization and operating leverage should support efficiency. We remain focused on cash generation and further strengthening the balance sheet.”

Result PDF

Household Products company Eveready Industries India announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Consolidated revenue from operations stood at Rs 327.2 crore (Q4FY25: Rs 299.0 crore), driven by favourable momentum in batteries (Alkaline grew by 82%) and double - digit growth in lighting segment (up by 17.0%).
  • EBITDA at Rs 28.7 crore (Q4FY25: Rs 25.9 crore), supported by improved realisations and disciplined cost management despite input cost pressures.
  • Profit after tax at Rs 141.8 crore (including exceptional gain of Rs 102.7 crore) against 10.4 crore in Q4FY25.

FY26 Financial Highlights:

  • Consolidated revenue from operations stood at Rs 1455.4 crore (FY25: Rs 1344.5 crore), registering a growth of 8.2% YoY, driven by growth across the battery, flashlight and lighting segments.
  • EBITDA margin at 11.5% (FY25: 11.4%) supported by operating leverage and calibrated price hikes.
  • Profit after tax at Rs 171.5 crore (including net exceptional gain of Rs 48.6 crore) against 82.4 crore in FY25.
  • The company continued to strengthen its market share across the portfolio, with the alkaline segment steadily approaching 20% share and maintaining a leading position of over 52% in the dry cell battery segment.

Anirban Banerjee, Chief Executive Officer, said: “FY26 marked a year of steady operational progress, led by sustained momentum in the batteries business, improving mix in flashlights, and a recovery in lighting segment. The commissioning of the Jammu facility is a key strategic milestone, enhancing our manufacturing scale and enabling greater efficiencies, while supporting our ambition of delivering premium, reliable, high-performance power solutions. With investments in capacity, portfolio upgradation and new product development we are well positioned for FY27 as we drive deeper penetration, operational optimisation, and market share gains amid evolving consumer demand.”

Bibek Agarwala, Executive Director & Chief Financial Officer, said: “FY26 marks an inflection point for Eveready, with the commissioning of India’s Only Operating Alkaline Battery Facility in Jammu inaugurated by Shri Manoj Sinha, the Hon’ble Lieutenant Governor (LG) of the Union Territory of Jammu and Kashmir on 22nd April 26. The facility will strengthen our presence in the premium battery segment and reducing reliance on imports. Calibrated pricing actions, strong cost governance supported by effective forex hedging and manufacturing footprint efficiencies helped mitigate cost headwinds. We continue to progress on our debt reduction journey with a further reduction of 100 crore in debt in the current fiscal”

Result PDF

Household Products company Eveready Industries India announced Q3FY26 results

  • Consolidated revenue from operations stood at Rs 367.2 crore (Q3FY25: Rs 333.5 crore), while EBITDA increased to Rs 33.3 crore (Q3FY25: Rs 29.5 crore), driven by strong performance in the batteries business, which grew 11.1%, led by 72% growth in Alkaline batteries. The lighting business also witnessed a gradual recovery, registering 10.5% growth.
  • Profit after tax stood at Rs 7.5 crore (Q3FY25: Rs 13.1 crore), after factoring in a one-time exceptional charge of Rs 9.4 crore related to the implementation of the new labour code.
  • Net debt at Rs 317 crores including Rs 167 crores Capex for Alkaline Battery facility at Jammu.

Anirban Banerjee, Chief Executive Officer, said: “Q3FY26 marked another quarter of steady progress for Eveready, with growth sustained despite a challenging operating environment. The batteries business continued to anchor performance, with alkaline market share reaching the 19% milestone. Calibrated pricing actions and effective hedging strategies helped mitigate the impact of elevated zinc prices and currency volatility. While certain categories experienced near-term softness, our continued focus on portfolio upgradation, cost discipline, and execution consistency positions the Company well to benefit from improved operating leverage as demand conditions normalize.”

Bibek Agarwala, Executive Director & Chief Financial Officer, said: “During the quarter, we continued to make steady progress across our key operational and financial priorities. Construction of our new alkaline battery manufacturing facility in Jammu on track for completion by the end of the current fiscal year, reinforcing our long-term growth platform. We have also initiated the divestment of our Noida land parcel as part of our focused efforts to reduce debt and strengthen balance-sheet resilience. Additionally, the Board’s approval of the Company’s first-ever Employee Stock Options Plan reflects our commitment to attracting, retaining, and motivating talent aligned with Eveready’s long-term value creation”.

Result PDF

Household Products company Eveready Industries India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Income from Operations: Rs 298.8 crore compared to Rs 280.9 crore during Q4FY24, change 6.4%.
  • EBITDA: Rs 25.7 crore compared to Rs 25.5 crore during Q4FY24, change 0.8%.
  • EBITDA margin: 8.6% for Q4FY25.
  • PAT: Rs 10.5 crore compared to Rs 8.0 crore during Q4FY24, change 31.3%.
  • PAT margin: 3.5% for Q4FY25.

FY25 Financial Highlights:

  • Revenues at Rs 1,343.9 crore, higher by 2.3% YoY.
  • Operating EBITDA at Rs 152.3 crore, higher by 8.6% YoY.
  • EBITDA Margin at 11.3%.
  • Profit After Tax at Rs 82.4 crore, higher by 23.5% YoY; 100 bps improvement in PAT Margin at 6.1%

Suvamoy Saha, Managing Director at Eveready Industries India, said: “FY25 has been a year of significant progress for Eveready as we completed the planned transformation of our route-to-market, creating a more responsive and efficient operation well-suited to the evolving landscape. Despite a dynamic operating environment with modest improvements in consumer spending, we have maintained a strong performance with keen focus on profitability.

We end the fiscal year 2025 achieving a revenue growth of 2.3% and a PAT growth of 23.5%. Despite a subdued demand evnironment and inflationery pressures, we have sustained operating margins while maintaining competitiveness.

Across our core business segments, we achieved enhanced market share in batteries and flashlights, demonstrating positive momentum. Our brand rejuvenation efforts, including a refreshed tagline and the re-launch of our performance-oriented alkaline range, are resonating with consumers, supported by a strategic increase in advertising and promotion spending. We continue expanding our distribution network driven by our channel partnership while strengthening our portfolio offerings.

The construction of our greenfield alkaline battery plant in Jammu is progressing as planned and will be uniquely positioning us as the only domestic manufacturer, bolstering our long-term competitiveness. While the lighting segment continues to navigate market-wide price erosion, we remain optimistic that this is only a temporary phenomenon.

Looking ahead to FY26, our priorities are clear: delivering profitable growth across our segments, ensuring the timely execution of our Jammu plant, and further solidifying our market leadership. We are confident that our strategic initiatives, robust portfolio, continued product innovation and strengthened operational foundation will position Eveready for sustained growth in the years to come.”

Result PDF

Household Products company Eveready Industries India announced Q3FY25 results

  • Revenues at Rs 333.3 crore, higher by 9.4% YoY
  • Operating EBITDA at Rs 29.2 crore, higher by 18.7% YoY
  • Profit After Tax at Rs13.1 crore, higher by 56.0% YoY

Suvamoy Saha, Managing Director at Eveready Industries India, said: “This quarter, as we continue our journey of driving efficiencies in distribution and we achieved 9.4% revenue growth, driven by healthy recovery of Zinc batteries and robust traction in alkaline batteries (11% market share in Q3FY25 vs. 6% in Q3FY24), sustained momentum in rechargeable flashlights, and contributions from newly launched products. Despite facing challenges such as raw material price volatility and foreign exchange fluctuations, we delivered strong profitability in Q3FY25 , with EBITDA and PAT improving by 18.7% and 56.0% year-over-year, respectively. This performance was supported by continued investments in brand building through strategic advertising campaigns across electronic, print, and below-the-line channels.

Further to our strategic investment in a new greenfield production facility for alkaline batteries, as a part of our ‘Make In India’ initiative the Company has acquired land at Jammu for the construction of the proposed facility. As previously outlined, we anticipate commissioning this facility in the second half of FY26. Going forward we will expand our base in B2B and OEM segments along with robust distribution network across B2C categories.

Furthermore, we are actively growing our Electrical Outlet Division (EOD) by recruiting new dealers to enhance our market penetration and effectively showcase our range product offerings, including consumer luminaires.

Looking ahead, we anticipate the growth journey to continue driven by the strong momentum in our key product categories and our continued marketing investments to drive consumer engagement.”

Result PDF

Non-Durable Household Prod. company Eveready Industries India announced Q2FY25 results

  • Revenues at Rs 362.4 crore, flat against Rs 364.9 crore in Q2FY24.
  • Operating EBITDA at Rs 47.7 crore, higher by 3% and improvement of 50 bps YoY.
  • Profit After Tax at Rs 29.5 crore, higher by 15.7% sand improvement of 110 bps YoY.

Suvamoy Saha, Managing Director at Eveready Industries India, said: “We are pleased to report another quarter of sustained profitability, driven by 3% growth in EBITDA and 15.7% improvement in PAT in Q2FY25. This wassupported by higher traction in alkaline portfolio,strong growth momentum in rechargeable flashlights backed by strategic efforts towards premiumisation and new product launches. After gradual value moderation in lighting, volumes have started to rebound with renewed focus on high potential SKUs and scale up in newer channels like modern trade, e?comm. and institutional selling. Our commitment to effective communication through A&P has contributed to brand enhancement, faster new product adoption, and customer engagement.

We are making significant progress on our new alkaline battery plant, which will enable us to drive balanced growth by optimizing quality and costs.

Our focus on empowering business leaders will cultivate a culture of innovation and effective decision? making, enabling teams to identify and pursue new growth niches. The road ahead appears promising as we expect positive impact of the revamped RTM.  

Result PDF

Non-Durable Household Products company Eveready Industries India announced Q1FY25 results:

  • Revenues at Rs 349.4 crore down 3.9% YoY
  • Operating EBITDA at Rs 49.8 crore, higher by 13.6%, EBITDA Margin of 14.2%, up 220 bps
  • PAT at Rs 29.4 crore, an increase of 18.1%

Commenting on the performance, Suvamoy Saha, Managing Director at Eveready Industries India, said: “We are off to a strong start this year, maintaining the momentum in operating metrics despite a high base impact. Both EBITDA and PAT surged by 13.6% and 18.1% respectively, with margins continuing to improve. Several key trends that fueled this success include premiumsation push, evidenced by sustained improvements in both value and volumes in Alkaline category, better seasonality traction in flashlights, and stable performance in lighting with focus on innovation and professional lighting.

We are keeping our finger on the pulse of the market with a steady stream of innovative new products. By closely listening to customer needs through effective communication channels, we ensure our offerings resonate. Our strategic investment in A&P is fueling brand awareness, driving sales, and propelling us towards market share leadership.

We are excited about the balance of the year ahead. Early signs of success are already sprouting, and the full impact of our initiatives will be visible in the coming quarters.”

Result PDF

Non-Durable Household products company Eveready Industries India announced Q4FY24 & FY24 results:

Financial Highlights:

  • Revenue: Revenues for FY24 were reported at Rs 1,314.2 crore, marking a slight decline of 1.0% from Rs 1,327.7 crore in FY23.
  • Gross Margin: Gross margin significantly improved to Rs 567.8 crore in FY24, up by 13.3% from Rs 501.0 crore in FY23.
  • Operating EBITDA: Operating EBITDA rose sharply by 27.4% to Rs 140.3 crore in FY24, compared to Rs 110.1 crore in FY23.
  • Profit After Tax (PAT): PAT saw a substantial increase of 231.5%, with FY24 figures reaching Rs 66.7 crore, against Rs 20.1 crore in FY23.
  • Gross Margin Percentage: Gross margin as a percentage of income increased to 43.2% in FY24 from 37.7% in FY23.
  • Operating EBITDA Margin: Operating EBITDA margin widened to 10.7% in FY24, up from 8.3% in the previous fiscal year.
  • PAT Margin: The PAT margin also improved, reaching 5.1% in FY24, a significant jump from 1.5% in FY23.

Commenting on the performance, Suvamoy Saha, Managing Director at Eveready Industries India Ltd., said, "“We are glad to have ended the fiscal year 2024 on a robust note, achieving 27% and 232% growth in EBITDA and PAT respectively. This reflects our overall initiatives on driving premiumization, continuous innovation and efficiency enhancements. Revenue on the other hand remained moderated primarily due to weak rural demand impacting batteries and flashlights, and indutry-wide price deflation affecting the lighting segment. We believe this to be a temporary phenomenon and we remain optimistic that FY25 will see a turn around. Similarly, we maintain that while the transformation to a revamped RTM has caused ustemporary pain, it has been a good initiative to modernise the company and it will pay rich dividends in the times to come.

Our initiatives beyond the traditional strength areas, for example, with the new range of ‘Ultima’ alkaline batteries, rechrageable flashlights and efforts on leveraging alternative channels, brought forth very encouraging results. Also, it is very encouraging to us that the battery segment (traditional batteries included) continued to hold on to a 53% plus market share.  

As for the coming times, we see each of our business categories, batteries, flashlights and lighting to provide the company with a strong growth momentum aided by the strong consumer franchise we have built up over the years offering quality products and services addressing consumer needs.”

Result PDF

Non-durable Household Products company Eveready Industries India announced Q2FY24 & H1FY24 results:

  • Q2FY24 vs Q2FY23:
    • Total Income from Operations decreased from Rs 375.8 crore to Rs 364.9 crore (a decrease of 2.9%)
    • Gross Margin increased from Rs 138.4 crore to Rs 158.6 crore (a growth of 14.6%)
    • Gross Margin Percentage increased from 36.8% to 43.5% (a growth of 6.7 percentage points)
    • Operating EBITDA increased from Rs 43.0 crore to Rs 46.3 crore (a growth of 7.8%)
    • Operating EBITDA Margin increased from 11.4% to 12.7% (a growth of 1.3 percentage points)
    • Profit After Tax (PAT) increased from Rs 14.7 crore to Rs 25.5 crore (a growth of 73.5%)
    • PAT Margin increased from 3.9% to 7.0% (a growth of 3.1 percentage points)
  • H1FY24 vs H1FY23:
    • Total Income from Operations increased from Rs 711.1 crore to Rs 728.5 crore (a growth of 2.4%)
    • Gross Margin increased from Rs 271.6 crore to Rs 307.3 crore (a growth of 13.1%)
    • Gross Margin Percentage increased from 38.2% to 42.2% (a growth of 4.0 percentage points)
    • Operating EBITDA increased from Rs 85.1 crore to Rs 90.1 crore (a growth of 5.9%)
    • Operating EBITDA Margin increased from 12.0% to 12.4% (a growth of 0.4 percentage points)
    • Profit After Tax (PAT) increased from Rs 36.6 crore to Rs 50.3 crore (a growth of 37.4%)
    • PAT Margin increased from 5.1% to 6.9% (a growth of 1.8 percentage points)

Commenting on the performance, Suvamoy Saha, Managing Director at Eveready Industries India, said, “Our emphasis to grow within our existing business mix saw us successfully execute a very complex route to market in our distribution structure. With the backing of our quality products and well-regarded brand, we are confident of being able to trigger growth in chosen categories. The initial moderation in uptake in Batteries is expected to resolve in the coming quarters as stocks get replenished via more efficient pathways.

We continue to push the pedal on advertising and promotional intensity. We have TVCs running within every product segment and we have kept the overall tempo of communication high. Eveready has unveiled a new logo and a tagline, aiming to woo the new generation of consumers. The new tagline for the brand now reads ‘Give me Power, Give me Red’. A new look of alkaline batteries has been relaunched as ‘Ultima’ and ‘Ultima Pro’. We have an exhaustive portfolio of rechargeable flashlights, where consumers have shown good uptake. In LED lighting, dual-channel distribution initiative in metros and large towns is bearing results. It remains our intention to grow within our chosen segments with the help of the right products which we will offer at a value point that customers appreciate.

Given healthy cash flows, we are steadily strengthening the balance sheet. During H1 itself, we have achieved a debt reduction of Rs 53 crore (net debt stood at Rs 314 crore) and we expect to close the fiscal year comfortably within our target zone. As we move the right levers on product, placement, and communication I am confident that as a Company Eveready will emerge as one of the premier consumer product stories.”

 

Result PDF

Non-durable household product firm Eveready Industries India announced Q3FY23 results:

  • 9MFY23:
    • Revenues are up 11.7% YoY (excluding discontinued business)
    • Operating EBITDA at Rs 109.1 crore; EBITDA margin at 10.5%
    • PAT at Rs 42.0 crore; PAT margin at 4.0%.

Commenting on the performance, Suvamoy Saha, Managing Director, said: “I am glad to share that we have sustained our performance momentum and delivered top-line growth during the period under review. This came in spite of challenging macroeconomic headwinds aggravated by continued forex and input cost pressures together with slower demand off-take. Our relentless focus on branding and communication as well as our drive to contemporize our route-to-market strategy will help us reach our consumers in a more efficient manner and drive growth.

We have built our business on a solid foundation with core strengths in branding, innovation, and a widespread distribution network. We will use this to our advantage to tap and serve a niche, underserved categories where the market potential remains huge. Going ahead, we will meticulously work toward introducing new products to strengthen our product proposition with effective communication to distinguish the Eveready brand. We believe that we have all the right levers in place to demonstrate sustainable and profitable performance in the years to come.”

Result PDF

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