Eveready Industries India Ltd reports a 22.3% increase in quarterly net profit, buoyed by robust lighting sales and strategic product innovations despite softer battery demand and rising input costs.
Eveready Industries India Ltd posted a 22.3% rise in consolidated net profit for the first quarter of fiscal 2026-27, as steady demand in lighting products helped offset softer conditions in some parts of its battery business, according to an exchange filing on Saturday. Net profit came in at Rs 37 crore, up from Rs 30.2 crore a year earlier, while revenue from operations increased 9% to Rs 408 crore from Rs 374 crore.
Earnings before interest, tax, depreciation and amortisation rose 14% to Rs 61.2 crore, and the Ebitda margin improved to 15% from 14.3% in the same quarter last year. The company said rechargeable flashlights continued to gain traction, with sales in that category climbing more than 20%, but overall flashlight revenue fell about 6.7% after a delayed monsoon weakened demand for conventional battery-operated products. Lighting revenue advanced 13.7%, driven by LED bulbs, emergency lighting and accessories, while pricing pressure appeared to ease.
The quarter also reflected Eveready’s effort to push more premium and specialised products into the market. The company launched the rechargeable SHOR torch with an animal alarm aimed at farm protection and introduced the Xtra Bright LED bulb for emergency use. Chief executive Anirban Banerjee said the group was seeing healthy top-line momentum across channels and key segments, though commodity prices, input costs and currency swings remained a concern. Executive director and chief financial officer Bibek Agarwala said margin stability was supported by pricing discipline, foreign exchange management and tighter costs, adding that the upcoming Jammu facility should improve efficiency as production scales up.
The latest figures extend a patchy but generally improving run for the Kolkata-based company. In the previous financial year, Eveready had reported a modest rise in revenue and Ebitda, while an earlier quarter had shown stronger profit growth alongside slower sales. Shares of Eveready ended 1.18% lower on the National Stock Exchange on Saturday, compared with a 0.27% decline in the benchmark Nifty.
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