The company reported a 23.3% year-on-year rise in net profit to ₹37 crore for the first quarter of FY27, while revenue from operations grew 9% to ₹407.7 crore.
EBITDA increased 14% year-on-year to ₹61.2 crore, with the EBITDA margin at 15%, compared with 14.3% a year earlier.
The company said margins remained broadly stable despite inflation in zinc, other raw materials and foreign-exchange-linked inputs. It attributed the profitability to calibrated pricing actions, procurement and forex interventions, and cost discipline.
The battery segment recorded 11.9% revenue growth during the quarter, supported by performance in alkaline batteries and a recovery in carbon zinc batteries. Alkaline battery volumes increased by around 48%, while carbon zinc volumes returned to growth of approximately 1%, as per a press release filed at NSE.
Eveready’s Jammu facility, described by the company as India’s only operational alkaline battery facility, has also commenced commercial production. The company said that the plant is aimed at supporting import substitution and manufacturing localisation, with the company expecting longer-term cost and operating-leverage benefits as utilisation increases.
Rechargeable flashlights grow; lighting segment expands
The company said that the flashlight segment saw mixed performance. Revenue from rechargeable flashlights grew more than 20%, reflecting higher adoption of rechargeable products. However, overall segment revenue declined around 6.7%, mainly due to the delayed onset of the monsoon, which affected seasonal demand for conventional battery-operated flashlights.
The lighting segment grew 13.7%, supported by volumes across LED bulbs, emergency lighting and accessories. The company also said price erosion in the segment showed signs of moderating during the quarter.During the quarter, Eveready said it continued to expand its product portfolio, including the launch of the rechargeable SHOR torch with an animal alarm for farm protection and the Xtra Bright LED bulb for emergency lighting.
CEO Anirban Banerjee said the company continues to see healthy topline momentum across channels and key segments, while commodity prices, input costs and currency movements remain key pressure points.
Executive Director and CFO Bibek Agarwala said margin stability was supported by pricing, forex management and cost discipline, while the Jammu facility is expected to support efficiency as it scales up.
Eveready Industries India shares closed 1.18% lower at ₹353.10 on August 7 at NSE, ahead of its earnings announcement.
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