Eveready Industries India Ltd , a leading manufacturer of batteries and flashlights, reported its financial results for the quarter and half-year ended September 30, 2025. The company experienced revenue growth but faced a net loss in the second quarter of fiscal year 2026.

Financial Highlights

• Revenue from operations for Q2 FY2026 stood at ₹386.27 crores
• The company reported a net loss for the quarter, contrasting with a profit in the same period last year
• For the first half of FY2026, revenue reached ₹760.41 crores

Exceptional Items

Eveready recognized exceptional charges totaling ₹44.75 crores during the half-year:

• ₹29.75 crores for non-recurring ex-gratia payments to workmen on separation
• ₹15.00 crores toward settlement of an arbitration proceeding

Board Appointments and Re-appointments

The Board made several key decisions:

1. Appointed Mr. Aditya Chand Burman as Additional Director (Non-Executive Non-Independent) effective November 5, 2025
2. Re-appointed two Independent Directors for second terms

Legal Proceedings

Eveready faces a pending penalty of ₹171.55 crores from the Competition Commission of India. The company has filed an appeal with NCLAT and received a stay order.

Business Segments

Eveready operates in the consumer goods segment, marketing:

• Dry cell batteries
• Rechargeable batteries
• Flashlights
• Lighting products

Despite the challenges reflected in the quarterly loss, the revenue growth suggests continued consumer demand for Eveready's products. The company's performance in the coming quarters will be crucial to assess its ability to navigate current market conditions and return to profitability.

Eveready Industries India Limited , a prominent player in the Indian consumer goods sector, has received a significant boost to its credit profile. India Ratings and Research, a leading credit rating agency, has upgraded the company's long-term rating on bank facilities while affirming its short-term rating.

Rating Upgrade Details

The upgrade reflects a positive shift in the agency's assessment of Eveready Industries' creditworthiness. The company promptly informed the stock exchanges about this rating action, in compliance with SEBI regulations.

Implications of the Upgrade

The upgrade to 'IND A+' from 'IND A' for long-term facilities signifies:

• Enhanced confidence in the company's ability to meet its long-term financial obligations
• Potentially improved access to credit at more favorable terms
• A positive indicator for investors and stakeholders about the company's financial health

The affirmation of the short-term rating at 'IND A1' continues to indicate strong creditworthiness for short-term obligations.

Market Impact

Credit rating upgrades typically have positive implications for a company's stock performance and investor perception. The stable outlook assigned alongside the upgrade suggests that India Ratings expects Eveready Industries to maintain its improved credit profile in the near to medium term.

Investors and market participants may view this upgrade as a sign of Eveready's strengthening financial position and operational performance. However, it's important to note that credit ratings are just one of many factors that influence investment decisions and stock performance.

As always, investors are advised to conduct their own research and consider multiple factors before making investment decisions based on credit rating changes or any other single piece of information.