Eveready Industries India Ltd
NSE:EVEREADY
Eveready Industries India Ltd
Eveready Industries India Ltd. is a holding company, which engages in the design, manufacture, and trade of dry cell batteries, flashlights, packet tea, and general electric products. The company is headquartered in Kolkata, West Bengal and currently employs 2,074 full-time employees. The firm also distributes a range of electrical products and confectioneries. The firm's product portfolio includes Dry cell and rechargeable batteries under the brand names Eveready, Powercell and Uniross; Flashlights and lanterns under the brand names Eveready and Powercell; Lamps and luminaires under the brand names Eveready and Powercell; devices, such as mobile power banks, rechargeable fans and radio, under the Eveready brand, and Confectioneries under the brand name Jollies. The company offers a range of fans and appliance products, namely, mixer grinders, irons, room heaters, juicer mixer grinders, water heaters, gas stoves and immersion heaters, among many others. The firm's manufacturing facilities are located in Chennai, Lucknow, Noida, Haridwar, Maddur and Kolkata.
Eveready Industries India Ltd. is a holding company, which engages in the design, manufacture, and trade of dry cell batteries, flashlights, packet tea, and general electric products. The company is headquartered in Kolkata, West Bengal and currently employs 2,074 full-time employees. The firm also distributes a range of electrical products and confectioneries. The firm's product portfolio includes Dry cell and rechargeable batteries under the brand names Eveready, Powercell and Uniross; Flashlights and lanterns under the brand names Eveready and Powercell; Lamps and luminaires under the brand names Eveready and Powercell; devices, such as mobile power banks, rechargeable fans and radio, under the Eveready brand, and Confectioneries under the brand name Jollies. The company offers a range of fans and appliance products, namely, mixer grinders, irons, room heaters, juicer mixer grinders, water heaters, gas stoves and immersion heaters, among many others. The firm's manufacturing facilities are located in Chennai, Lucknow, Noida, Haridwar, Maddur and Kolkata.
Revenue Growth: Eveready delivered its fifth consecutive quarter of revenue growth, with Q3 revenue up 10.1% and EBITDA up 13%, mainly driven by an 11.1% increase in the batteries business.
Margin Pressures: Gross margin fell by 150 basis points year-on-year due to zinc and dollar cost increases outpacing price hikes, though management expects normalization going forward.
Jammu Plant Update: The new Jammu alkaline battery facility is on track for completion by fiscal year-end, with initial utilization expected at 25–30% and breakeven projected from day one.
Noida Land Monetization: The company received board approval to monetize its Noida land parcel, targeting a minimum price of INR 250 crores, with proceeds mainly aimed at debt reduction within the next six months.
Market Dynamics: Alkaline batteries saw strong growth (~72%), and the company maintained a wide distribution network, now at 4.7 million retail outlets (up 3% YoY).
Premiumization & New Products: Strategic focus remains on premium products and new launches, including lithium batteries, mosquito rackets, and mobile accessories, with white labeling opportunities considered for the Jammu plant.
Guidance & Outlook: Management remains confident about sustaining growth momentum and margin stability despite ongoing cost pressures and dynamic demand conditions.
