Exide Industries has released its investor presentation for Q1FY27, signaling that revenue generation from its advanced chemistry battery gigafactory — housed at its Bengaluru-based cell manufacturing platform — is expected during FY27. The company, which maintains a zero-debt balance sheet, highlighted critical milestones in its new energy vertical, including the dispatch of Nickel Manganese Cobalt (NMC) cylindrical samples and the supply of Lithium Iron Phosphate (LFP) prismatic samples for three-wheeler and telecom applications.

The presentation was filed with stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An earnings call for analysts and investors was held on August 3, 2026, at 12:00 PM IST. The company emphasized its strategic shift towards localisation in the battery sector, aiming to transition India's demand from import-led to localisation-led by leveraging shorter working-capital cycles and potential policy support.

Bengaluru Plant & New Energy Milestones

Exide's subsidiary, Exide Energy Solutions Limited (EESL), has achieved significant operational milestones across its Bengaluru-based cell manufacturing platform and Prantij-based packs and modules facility. The Bengaluru plant is central to the company's ambition of capturing rising domestic demand for lithium-ion batteries in electric vehicles and stationary storage applications. Key achievements are outlined below:

Current focus areas include production stabilisation, yield improvement, customer validation, homologation, and OEM qualification.

Core Business & Financial Resilience

The core lead-acid battery business continues to benefit from a diversified portfolio spanning mobility, backup power, and critical infrastructure. Exide operates 16 manufacturing plants, including two from EESL and three lead recycling plants from wholly-owned subsidiary Chloride Metals Limited (CML). This integrated model supports raw material recovery and input-cost control through circularity. Key financial and corporate metrics are summarised below:

Growth Levers

Management identified several structural growth drivers for the medium to long term across its core and new energy businesses:

• Automotive Expansion: Low passenger vehicle penetration (~40 cars per 1,000 people) and rising affordability are expected to drive demand. The company holds a 100% share of business on key new models with large OEMs.
• Solar Power: A GST reduction from 12% to 5% and the 'PM Surya Ghar' scheme are supporting rooftop solar adoption. India targets 500 GW of renewable energy by 2030.
• Infrastructure Capex: Public and private sector capex is driving demand for backup and motive-power batteries, particularly in railways, data centers, and logistics.

With ₹4,902 crore invested in the new energy business, a clear revenue timeline in FY27, and the Bengaluru gigafactory progressing through customer validation and OEM qualification, Exide is positioning itself to capture the structural shift towards lithium-ion chemistry. The maintenance of a zero-debt status amidst such substantial capital deployment underscores strong internal cash flows from the core lead-acid battery business.

Exide Industries has outlined a clear revenue milestone, with the company's Managing Director confirming plans to start generating revenue by FY27. This announcement underscores the company's strategic focus on expanding its business operations and building new revenue streams within a defined timeline.

Automotive OEM Business Drives Growth Momentum

The automotive OEM segment has established itself as one of the fastest-growing businesses within Exide Industries' portfolio. The segment has now reported over 25% yearly growth for the third straight quarter, demonstrating consistent and sustained performance. This repeated double-digit expansion highlights the segment's growing contribution to the company's overall business profile.

Q1 Financial Performance

Exide Industries delivered a notable improvement in its top-line performance during the first quarter, with revenue rising sharply on a year-on-year basis. The following table summarizes the key revenue metric:

The revenue increase from 45.1B rupees to 53.1B rupees on a year-on-year basis reflects strong demand conditions and the continued momentum in the company's core business segments, particularly the automotive OEM division.

Key Highlights

• MD confirms plans to start earning revenue by FY27
• Automotive OEM business recorded over 25% yearly growth for the third consecutive quarter
• Q1 revenue rose to 53.1B rupees from 45.1B rupees year-on-year
• Automotive OEM segment identified as one of the fastest-growing sectors for the company

The combination of a defined revenue target by FY27 and sustained high growth in the automotive OEM segment positions Exide Industries as a company with clear operational milestones and demonstrated business momentum.