Eveready Industries India Limited , a leading manufacturer of batteries and flashlights, has reported a 7% year-on-year revenue growth in the first quarter, driven by strong performance in its core segments. The company also announced the settlement of a long-standing arbitration dispute, paving the way for potential strategic moves in the future.

Financial Performance

The company achieved a robust EBITDA margin of 14.30% during the quarter, demonstrating its ability to maintain profitability despite challenging market conditions. The battery segment, which remains the core of Eveready's business, showed particularly strong results:

• Carbon zinc batteries maintained a dominant market share of 59.10%
• Alkaline batteries saw significant growth, with market share increasing to 15.30%, up 50 basis points quarter-on-quarter
• The alkaline battery segment reported over 50% year-on-year growth in both revenue and volume

Segment-wise Performance

Batteries

The battery segment reported an impressive margin of 19.00%, with carbon zinc batteries showing growth in both volume and value. The company's extensive distribution network and strong brand equity continue to support its market leadership position.

Flashlights

The flashlight segment achieved a 13.00% margin, with rechargeable flashlights growing by 39% year-on-year. The company expects the recent BIS certification to drive market consolidation in its favor.

Lighting

While the lighting segment remained flat in terms of revenue, Eveready reported volume growth across various product categories, including emergency lamps, luminaires, battens, and panels.

Strategic Developments

Arbitration Settlement

Eveready has entered into a settlement agreement with Real Touch Finance Limited, resolving a long-standing arbitration dispute. The company will pay Rs 15.00 crore to settle all claims, which will lift restrictions on asset disposal and capital restructuring.

Alkaline Battery Manufacturing Facility

The company's greenfield alkaline battery manufacturing facility in Jammu is on track for commercial production by March 2026, with an internal target of January 2026. This facility is expected to strengthen Eveready's competitiveness in the growing alkaline battery market.

Workforce Optimization

Eveready incurred an exceptional charge of Rs 7.07 crore for non-recurring ex-gratia payments to approximately 50 workmen across multiple locations. This move is part of the company's efforts to enhance long-term cost efficiency, with expected annual cost savings of about Rs 4.00 crore and a payback period of 3-4 years.

Outlook

Suvamoy Saha, Managing Director of Eveready Industries, expressed confidence in the company's growth trajectory, stating, "We are now in the process of leveraging the advantages from a robust distribution system that got completed last year for our general trade channel. The rapid rise of quick commerce and continuing importance of e-commerce has made us anticipate trends faster, replenish with greater efficiency, and continue to innovate on products to retain and improve market share."

With its strong market position in core segments and ongoing initiatives to improve efficiency and expand product offerings, Eveready Industries appears well-positioned for sustained growth in the coming quarters.

Eveready Industries , a leading player in the consumer goods sector, has outlined an ambitious growth strategy while reporting robust financial results for the first quarter of FY2026.

Expansion Plans and Strategic Focus

The company has announced plans to expand its premium alkaline battery production at its Jammu plant by FY2026. This move is part of Eveready's broader strategy to strengthen its position in the high-end battery segment. The focus on premium products is expected to drive growth and improve profit margins.

In addition to batteries, Eveready Industries aims to maintain its leadership in the rechargeable flashlight category. The company has set an ambitious target to triple its revenue from the lighting segment, with a particular emphasis on high-end products.

Q1 FY2026 Financial Highlights

Eveready Industries has reported strong financial performance for the quarter ended June 30, 2025:

• Revenue from operations increased by 7.1% year-on-year to ₹374.14 crore
• Operating EBITDA grew by 7.7% to ₹53.60 crore
• Profit after tax (PAT) rose by 2.8% to ₹30.20 crore

The company maintained a healthy EBITDA margin of 14.3% during the quarter.

Segment-wise Performance

The batteries segment, which contributes 62% to the topline, showed strong growth in both carbon-zinc and alkaline categories. Notably, the alkaline battery portfolio experienced a remarkable 58% growth in revenue.

The flashlight segment also performed well, with a 12.8% increase in revenue. Rechargeable flashlights were particularly strong, registering a 39% growth.

While the lighting segment faced a slight decline of 4.4%, the company remains optimistic about its future prospects, especially in the professional lighting category.

Strategic Initiatives

Eveready's growth strategy is built on three core pillars:

1. Accelerate: Focus on premium portfolio expansion, supported by the upcoming greenfield facility.
2. Collaborate: Revamping distribution networks for improved efficiency and profitability.
3. Innovate: Driving category-wide innovation through dedicated R&D efforts.

The company is also aligning itself with emerging trade channels, including quick-commerce and modern retail, to enhance its market reach.

Outlook

Suvamoy Saha, Managing Director of Eveready Industries, commented on the results and strategy, stating, "Our focus on premium offerings and innovation is yielding positive results. The strong performance in batteries and flashlights, coupled with our strategic initiatives, positions us well for sustained growth."

As Eveready Industries continues to execute its growth strategy, the company appears well-positioned to capitalize on the evolving consumer goods market, with a clear focus on premium products and technological innovation.