Eveready Industries India Limited reported a 22.3% year-on-year increase in consolidated net profit to ₹37.0 crore for the quarter ended June 30, 2026 (Q1FY27), driven by a 9% rise in revenue from operations to ₹407.7 crore. This marks the seventh consecutive quarter of revenue growth for the company, underscoring its resilience amid inflationary pressures on key inputs like zinc. The results were bolstered by strong performance in the battery and lighting segments, alongside the commencement of commercial production at its new alkaline battery manufacturing facility in Jammu on May 29, 2026.

The Board of Directors approved the unaudited financial results on August 8, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Singhi & Co., conducted a limited review of the results. Consolidated EBITDA stood at ₹60.7 crore, with a margin of 14.89% compared to 14.33% in the previous year, reflecting effective cost management and calibrated pricing actions.

Financial Performance Overview

Revenue from operations increased to ₹407.7 crore in Q1FY27 from ₹374.1 crore in Q1FY26. Total expenses rose moderately, allowing profit before tax to expand significantly. The company managed input cost inflation through procurement interventions and forex hedging strategies. Earnings per share (basic) were reported at ₹5.08, up from ₹4.15 in the corresponding period last year.

The table below summarises the key financial metrics for the quarter:

Segmental Highlights and Operational Updates

The battery segment led the growth with an 11.9% revenue increase, driven by a 56% surge in alkaline battery revenue, which grew from ₹20.6 crore to ₹32.1 crore. Alkaline batteries now account for 12% of the battery segment's revenue split, while carbon zinc and others hold 88%. The lighting segment recorded a 13.7% growth, supported by healthy volumes across LED bulbs and emergency lighting, with price erosion showing signs of moderation. Conversely, the flashlight segment saw a 6.7% revenue decline due to delayed monsoon onset affecting conventional flashlight sales, although rechargeable flashlights grew over 20%, contributing ₹31.5 crore compared to ₹25.8 crore in Q1FY26.

Operationally, the Jammu facility, India's only operational alkaline battery plant with an annual capacity of 456 million units, has begun commercial production. This development supports import substitution and is expected to yield long-term cost benefits as utilization scales. Additionally, Eveready launched new products including the SHOR rechargeable torch with an animal alarm feature for farm protection, the Xtra Bright LED bulb for emergency lighting, and a patent-applied portable liquid vaporizer.

What the Numbers Show

The divergence between the 9% revenue growth and the 22.3% jump in net profit highlights improved operational leverage. While material costs rose, they did not outpace revenue growth, indicating effective input cost management. The improvement in EBITDA margin to 14.89% from 14.33% despite inflation in zinc and foreign exchange-linked inputs demonstrates the efficacy of the company's pricing power and cost discipline. The Jammu plant's ramp-up remains a key driver for localization benefits as utilization scales over time.

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