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Eveready Industries India Results: Latest Quarterly Results & Analysis

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Eveready Industries India Ltd. 09 May 2025 17:09 PM
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Q4FY25 & FY25 Result Announced for Eveready Industries India Ltd.

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.”

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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.”

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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.  

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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.”

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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.”

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FMCG company Eveready Industries India announced Q2FY23 results:

  • Revenues up 10% YoY (excluding discontinued business)
  • EBITDA at Rs. 43.0 crore; EBITDA Margin at 11.4%
  • PAT at Rs.14.7 crore; PAT margin at 3.9%

Commenting on the performance, Mr. Suvamoy Saha, Managing Director, said: “The performance was satisfactory despite sluggish demand in the wake of high inflation and a delayed/deficit monsoon. Eveready continues to reign in the heart of millions. We are meticulously pursuing a plan to enhance our business mix and towards that, we are in the process of revamping our go-to-market in all our key categories.

Together with the strengths, we enjoy in the form of brand pull and distribution reach, we are staging new communication around our products and engaging with our core audience. Within the Management, we shall leave no stone unturned to realise the full potential of business within our chosen categories. The Management team will put the highest degree of accent on consumer engagement along with a healthy top-line improvement to put the company back on the growth track even if that means making a short-term sacrifices on profitability.”

 

Result PDF

FMCG company Eveready Industries India announced Q1FY23 results:

  • Revenues at Rs. 335.4 crore, higher by 19% YoY
  • EBITDA at Rs. 42.1 crore, EBITDA Margin at 12.6%
  • PAT at Rs. 21.9 crore, PAT Margin at 6.5%

Commenting on the performance, Mr. Suvamoy Saha, Managing Director, said: "We are glad to have commenced the year on a positive note with a robust growth in revenues, at 19%. This performance was realised, despite the dallenges witnessed during the quarter on account of inflationary conditions.

Given the strong recall enjoyed by 'Eveready' we are making all efforts to create momentum across business segments through an enhanced portfolio that will be supported by our core strengths i.e., sustained brand communication and effective distribution. Our reach has only become stronger over the years and the endeavour is to further strengthen this network. With some structural improvements made within the organisation, I believe we are well poised to create new standards across all our segments of business."
 

 

 

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Non-Durable Household Products company Eveready Industries India declares Q3FY22 result:

  • The current quarter experienced strong headwinds in all categories of the Company's businesses.
  • The battery category saw an unprecedented cost push exceeding 20% in the quarter (scaling up to 30% in Quarter 4), necessitating increase of prices to the market, resulting in market resistance. Also, high level of inflation and lower usage of COVID related home devices resulted in lower consumption.
  • The flashlights category continued to suffer on account of dumped imports from China.
  • The Lighting & Electrical category could not scale up to the level planned. Measures to reach such growth - in correcting earlier supply chain issues & marketing initiatives took longer than expected time. Also, the Company stopped selling all unremunerative and low margin appliances which resulted in a drop in turnover.
  • As a result of the above, turnover during the quarter was lower by 4% and Gross margin and EBIDTA percentages came down by 8% and 7% respectively.

 

Result PDF

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