Eveready Industries India Limited reported revenue growth of 8.2% and EBITDA growth of 8.9% for FY26, with an EBITDA margin of 11.5%, as disclosed during its Q4 FY26 Earnings Conference Call held on April 30, 2026. The call was hosted by Adfactors PR and featured senior management including Chief Executive Officer Mr. Anirban Banerjee, Executive Director and Chief Financial Officer Mr. Bibek Agarwala, and GM Finance and Head of Investor Relations Mr. Anirban Ghosh. The transcript of the call has been made available on the company's investor relations website in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FY26 Financial and Operating Performance

Management highlighted that FY26 closed with a gradually improving demand environment, supported by steady rural consumption and signs of recovery in urban demand. The battery segment remained the primary growth driver, while commodity cost pressures — particularly from zinc prices — intensified during the second half of the year. To navigate these headwinds, the company undertook calibrated pricing actions in carbon zinc and alkaline batteries, alongside disciplined cost control and working capital management.

The battery segment delivered 9.30% growth in FY26, with the alkaline portfolio accounting for nearly 10% of the battery business. Management noted that the alkaline category is growing at over 20% CAGR in volume terms. Carbon zinc battery prices were increased during the year to partially offset the steep rise in zinc costs. Mosquito racquets continued to scale up and now commands a leadership position within the segment in urban markets. The lighting business delivered growth of around 8.10%, supported by good volume growth across consumer lighting categories, while the flashlight segment delivered 3% growth for the full year.

Jammu Manufacturing Facility — A Strategic Milestone

A major highlight of the quarter was the commissioning of the Jammu manufacturing facility, inaugurated by Shri Manoj Sinha, the Lieutenant Governor of the Union Territory of Jammu and Kashmir, on April 22, 2026. The facility is India's only operating alkaline battery plant and represents a significant step in strengthening Eveready's manufacturing self-reliance.

Management stated that commercial production is expected to commence within a few weeks of the inauguration, within the current quarter itself. The plant transitions Eveready from fully imported alkaline batteries to domestic production, which is expected to improve cost efficiencies and support margin expansion over time. The facility also supports manufacturing lines for carbon zinc batteries, flashlights, and lighting products, creating stronger integration across the portfolio. On the operational breakeven, management clarified that at full annualization, the plant is expected to be operationally breakeven from year one, with the payback period estimated at 5 to 6 years.

Balance Sheet and Asset Monetisation

Strengthening the balance sheet remained a key priority through FY26. The company reduced debt by more than ₹100 crores during the fiscal year. During the quarter, the company entered into two separate agreements for the sale and transfer of its leasehold rights in respect of Plot B1 and Plot B2 at its Noida plant. The transfer of leasehold rights pertaining to Plot B1 was formally completed on March 30, with sale proceeds of approximately ₹116 crores. The total expected proceeds from both plots stand at approximately ₹251 crores, with Plot B2 proceeds of approximately ₹136 crores anticipated upon completion of that transaction. An advance of ₹44 crores has already been received for Plot B2.

Management also noted that a write-off of approximately ₹500 crores of old provisions of inter-corporate deposits (ICD) was taken during FY26, which created a business loss that offset capital gains from the Noida land sale, resulting in no tax payable on the transaction. For FY27, the company intends to transition to the new tax regime under Section 115BAA, subject to utilisation of carry-forward business losses.

Management Outlook and Strategic Priorities

During the Q&A session, management addressed several key themes including alkaline battery market share, pricing strategy, and the competitive landscape. Eveready currently holds approximately 16% market share in alkaline batteries, up from less than 10% about a year ago, with a target to exit at 20% share. The company's current alkaline market share of approximately 15% compares to carbon zinc at 85%, with management projecting alkaline saliency to reach 20% to 25% over the next three years.

On the advertising and promotion front, management indicated that A&P expenses will be maintained at approximately 10% of sales in FY27. Regarding EBITDA margins, management expressed confidence in maintaining margins around the 11.50% level achieved in FY26, despite continued commodity and forex headwinds. The company is also exploring white-labelling of alkaline batteries for international markets, leveraging its unique position as India's only alkaline battery manufacturer.

On the BIS mandatory standard mark for flashlights, management noted that full implementation occurred by end of January 2026, and expects the compliance requirement to reduce competition from unbranded and imported products in the second half of the year, benefiting quality-compliant branded players like Eveready. The Jammu facility's GST-linked incentive approvals are awaited from state authorities, with management indicating it is working closely with the Jammu government on this front.

Earnings Call Details and Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Shampa Ghosh Ray, Company Secretary of Eveready Industries India Limited. The announcement follows the company's earlier communications dated April 27, 2026 and April 30, 2026.

Eveready Industries delivered exceptional financial performance for FY26, with net profit surging 108% to ₹171.23 crores compared to ₹82.38 crores in the previous year. The company has now completed its regulatory compliance by publishing audited standalone and consolidated financial results in newspapers on May 1, 2026, pursuant to SEBI regulations.

Regulatory Compliance and Publication

Pursuant to Regulation 30 and 47 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the company published its audited standalone and consolidated financial results for FY26 in newspapers on May 1, 2026. The results were published in Financial Express (English - all editions) and Aajkaal (Bengali - Kolkata edition). The newspaper advertisements have been made available on the company's website at www.eveready.in for stakeholder access.

Q4FY26 Financial Performance

The company's quarterly results demonstrate robust operational improvements alongside significant one-time gains. Revenue for Q4FY26 increased to ₹327.23 crores from ₹298.82 crores year-on-year, representing growth of 9.7%. The standout quarterly performance in Q4FY26 saw profit skyrocket to ₹141.74 crores from ₹10.47 crores in the corresponding quarter last year, primarily driven by exceptional gains of ₹102.70 crores from the Noida land sale.

Full Year FY26 Results

For the complete financial year FY26, Eveready Industries reported exceptional performance across all key metrics. Revenue from operations for the full year grew 8.2% to ₹1,454.61 crores, while total income increased to ₹1,458.22 crores. The company's earnings per share for FY26 was ₹23.56, compared to ₹11.33 in the previous year, representing growth of 108%.

Board Meeting and Audit Compliance

The Board of Directors meeting was held on April 30, 2026, commencing at 2:00 PM and concluding at 3:45 PM (IST). The audited financial results for Q4FY26 and full year FY26 were prepared in accordance with Regulation 33 of SEBI Listing Regulations. M/s Singhi & Co., the statutory auditors, issued an unmodified opinion on both standalone and consolidated audited financial results. The Board of Directors has recommended a final dividend of ₹2.50 per equity share, reflecting confidence in the company's financial position and future prospects.