Eveready Industries India Limited has released its Annual Report for FY 2025-26 along with the notice for its 91st Annual General Meeting (AGM), scheduled for Tuesday, August 11, 2026, at 11:30 A.M. IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The registered office will be deemed the venue. The company delivered a strong financial performance during the year, with revenue from operations rising to ₹1,454.61 crore from ₹1,343.92 crore in the previous year, while Profit After Tax (PAT) surged to ₹171.23 crore from ₹82.38 crore, aided by exceptional gains from the sale of the Noida plant.

Financial Highlights – FY 2025-26

The company's financial results for FY 2025-26 reflect broad-based improvement across key metrics. Profit from Operations before Depreciation, Interest and Tax (OPBDIT), excluding Other Income, rose 7.38% to ₹163.55 crore. Exceptional items of ₹48.57 crore represent a net gain on the sale of factory land at Noida, net of workmen separation costs, Labour Code impact, and arbitration settlement costs. The Board has recommended a dividend of ₹2.50 (50%) per fully paid-up equity share of face value ₹5 each, compared to ₹1.50 in the previous year.

Segment-wise Performance

The Batteries segment remained the primary revenue driver, with revenue of ₹972 crore in FY 2025-26, reflecting a 9.3% growth over ₹889.4 crore in the previous year. Segmental EBITDA stood at ₹154.4 crore with EBITDA margins at 15.9%, compared to ₹139.2 crore and 15.6% respectively in the prior year. Alkaline battery sales grew 70.5% year-on-year, while the company maintained a dominant value market share of approximately 51.4% in the overall dry cell battery market and a carbon zinc market share of 58.4%. The company's distribution network spans an estimated 4.5 million retail touchpoints with direct coverage of approximately 0.6 million outlets.

The Flashlights segment reported revenues of ₹179.7 crore, up 3.1% year-on-year, with segmental EBITDA at ₹10.6 crore and EBITDA margin at 5.9%. The Lighting & Electrical Products segment reported revenues of ₹340.9 crore, compared to ₹315.6 crore in the previous year, and achieved break-even EBITDA levels during the year.

Jammu Alkaline Battery Plant Commissioning

A landmark development during FY 2025-26 was the commissioning of the greenfield alkaline battery manufacturing facility at Jammu — described as India's only operating alkaline battery facility. The strategic investment of around ₹200 crore carries an installed production capacity of 456 million units per annum and a peak annual production capacity of approximately 360 million units. The facility is expected to reduce import dependence, enhance supply chain resilience, improve margin efficiencies, and support white-labelling opportunities for both domestic and international markets. The company also filed its first patent application during the year for the Hybrid Torch, which features dual-power capability (rechargeable and battery-operated modes).

Key Financial Ratios

The company's key financial ratios reflect improved profitability and a strengthened balance sheet. The debt-equity ratio declined by 52% to 0.3 times, driven by debt repayment. Net profit margin improved to 11.9% from 6.1%, while return on net worth rose to 31.8% from 19.6%. The overall net debt of the company closed at ₹178 crore, post Jammu facility funding and a repayment of ₹100+ crore during the year.

AGM and Voting Schedule

The Register of Members will remain closed from Wednesday, August 5, 2026, to Tuesday, August 11, 2026 (both days inclusive). Shareholders holding shares as on the cut-off date of August 4, 2026 are entitled to vote. Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The Notice of the AGM and the Annual Report for FY 2025-26 were dispatched to members on July 17, 2026. Mr. A. K. Labh, Practising Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process.

Subsidiary Performance

Everspark Hong Kong Private Limited, the company's subsidiary, registered a turnover of ₹2.30 crore during FY 2025-26 (₹0.59 crore in FY 2024-25) and a net profit of ₹0.29 crore. Greendale India Limited did not register any turnover or profit during the year.

CSR and Sustainability

The company's CSR obligation for FY 2025-26 stood at ₹133.61 lakhs, against which ₹135.99 lakhs was spent — resulting in an excess spend of ₹2.38 lakhs. CSR initiatives impacted over 15,500 lives (direct and indirect beneficiaries) during the year, spanning women's empowerment (Project Durga), education (Project Saksham), environmental conservation (Project Go Green), and healthcare (Project Sushasthya). The company increased its on-grid Solar Photovoltaic capacity to 3.3 MWp, with rooftop solar installations contributing approximately 20% of total electricity requirement across factory sites.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE128A01029/5fb27f97f3604fee.pdf

Eveready Industries India Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the stock exchanges on July 17, 2026. The filing, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's adherence to the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The report highlights the company's initiatives in climate action, waste management, and employee well-being, alongside its corporate governance structure.

Operational and Financial Overview

The company reported a turnover of ₹1454.61 crore and a net worth of ₹492.21 crore for the financial year 2025-26. Dry cell batteries accounted for 65% of the total turnover, followed by lighting and electricals at 23%, and flashlights at 12%. During the year, the company closed operations at its Noida manufacturing unit. The exports contributed to 1.76% of the total turnover, serving nine international markets alongside a pan-India presence.

Environmental Performance

Eveready Industries focused on reducing its environmental footprint through various initiatives. The total energy consumed during the year was 77,599.29 GJ, with renewable sources contributing 10,381.90 GJ. The company installed on-grid solar capacity across key units, including a 1 MWp plant at Matia and 650 KWp at Maddur, to lower Scope 2 emissions. Water withdrawal stood at 92,816.52 kilolitres, with the company achieving Zero Liquid Discharge (ZLD) at its Haridwar, Matia, and Maddur plants.

Social and Governance Disclosures

The company employed a total of 3,116 individuals, comprising 1,593 employees and 1,523 workers, as of the end of FY 2025-26. Women constituted 3.95% of the total workforce and 7.14% of the Board of Directors. The report disclosed that no complaints were received regarding sexual harassment, child labour, or forced labour during the year. However, the company faced regulatory penalties amounting to ₹39.44 lakhs related to GST credit mismatches, against which appeals are being filed.

Stakeholder Engagement and CSR

Eveready Industries engaged with stakeholders through various channels, resolving 14 shareholder complaints and 10,074 customer complaints during the year. The company's Corporate Social Responsibility (CSR) initiatives, including Project Durga, Project Saksham, Project Go Green, and Project Sushasthya, focused on women's empowerment, education, environmental conservation, and healthcare. The Board has established a dedicated ESG Committee to oversee the company's sustainability agenda and ensure alignment with regulatory frameworks.