Eveready Industries India Limited (EVEREADY)
₹320.60 +0.60% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Eveready Industries' revenue was ₹327 Cr (+9.4% year on year, -10.9% on the previous quarter), and net profit ₹142 Cr; the operating margin was 8.6%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹327 | +9.4% | -10.9% |
| Operating profit | ₹28.0 | +9.1% | -14.9% |
| Net profit | ₹142 | — | — |
| EPS (₹) | 19.50 | — | — |
| Operating margin | 8.6% | — | — |
EVEREADY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 57.98% of the EVEREADY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 54.61%. That is close to its usual level. Turnover was only ₹85 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 50.5% · 69.5% · 60.7% · 75.3% · 58.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Eveready Industries India Limited has been assigned an Environmental, Social and Governance (ESG) score of 'Crisil ESG 58' by CRISIL ESG Ratings & Analytics Limited. The rating is based on disclosures for fiscal 2026 and other publicly available data. The company clarified that it did not formally engage CRISIL for this evaluation, which was prepared independently from public domain information.
- CRISIL ESG Ratings & Analytics Limited assigned an ESG score of 'Crisil ESG 58'
- Evaluation is based on disclosures for fiscal 2026 and publicly available data
- Intimation email was received by Eveready on 19th August 2026
- Unsolicited rating prepared independently without direct company engagement
Eveready Industries reported a resilient Q1 FY27 with revenue growing 9% YoY to ₹407.7 crore and PAT increasing 22.3% to ₹37 crore. The alkaline battery segment was a major driver, delivering 48% volume growth and reaching an 18% market share in that category. A significant milestone was the commencement of commercial production at the Jammu facility on May 29, 2026, which is expected to provide a 10% margin increment through import substitution. Despite elevated zinc prices at ~$3,500/ton, the company maintained a healthy EBITDA margin of 15.1%.
- Revenue grew 9% YoY to ₹407.7 crore, marking the 7th consecutive quarter of growth.
- Alkaline battery segment achieved 48% volume growth, expanding market share to 18%.
- Jammu facility commenced production on May 29, 2026, with a peak capacity potential of ₹400 crore.
- Zinc prices remained elevated at ~$3,500 per ton compared to <$3,000 per ton in the previous year.
- Lighting business grew 13.7% YoY, benefiting from price stabilization in the LED category.
Eveready Industries India Limited concluded its 91st Annual General Meeting on August 11, 2026, with all resolutions passed by the requisite majority. Shareholders approved a dividend of Rs 2.50 per share (50% of face value), which translates to a yield of approximately 0.7% at current prices. A notable special resolution was passed for the payment of commission up to Rs 3.00 crore per annum to Non-Executive Director Mr. Arjun Lamba. The company also ratified the FY26 financial statements, which showed a significant PAT growth to Rs 171.77 crore compared to Rs 82.44 crore in FY25.
- Approved a dividend of Rs 2.50 per share for the financial year ended March 31, 2026
- Authorized commission-based remuneration up to Rs 3.00 crore per annum for Non-Executive Director Mr. Arjun Lamba
- Ratified cost auditor remuneration of Rs 3.85 lakhs for the financial year ending March 31, 2027
- Confirmed FY26 revenue of Rs 1455.16 crore and PAT of Rs 171.77 crore
- Reappointed Mr. Utsav Parekh and Mr. Girish Mehta as Directors following their retirement by rotation
Eveready Industries India Limited has released the audio recording of its Q1FY27 earnings conference call held on August 10, 2026. This is a procedural disclosure under Regulation 30 of SEBI LODR Regulations. The recording provides management's detailed commentary on the company's performance for the quarter ended June 2026. Investors can access the recording via the company's official website to gain insights into operational trends and future outlook.
- Earnings conference call for Q1FY27 was conducted on August 10, 2026
- Disclosure made in compliance with Regulation 30 of SEBI LODR Regulations
- Audio recording link made available on the company's investor relations portal
- Follows the initial intimation letter dated July 31, 2026
Eveready Industries reported a strong Q1 FY27 with consolidated revenue growing 9% YoY to ₹407.7 crore, marking its seventh consecutive quarter of growth. Profit After Tax (PAT) rose 22.3% to ₹37.0 crore, significantly outperforming the revenue growth rate. EBITDA margins remained robust at 15.1%, which is a notable improvement over the TTM OPM of 11.3%. The company also announced the commencement of commercial production at its new Jammu alkaline battery facility, aimed at import substitution and localization.
- Consolidated revenue increased 9% YoY to ₹407.7 crore for Q1 FY27
- Profit After Tax (PAT) grew by 22.3% to ₹37.0 crore compared to ₹30.2 crore in Q1 FY26
- Alkaline battery volumes surged by approximately 48%, driving the battery segment's 11.9% revenue growth
- EBITDA margin stood at 15.1%, maintained despite inflation in zinc and raw materials
- Rechargeable flashlights grew by over 20%, though the overall flashlight segment declined 6.7% due to delayed monsoon
Eveready reported a 9% YoY revenue growth to ₹407.7 Cr for Q1 FY27, marking its 7th consecutive quarter of growth. Profit After Tax (PAT) increased 22.3% to ₹37.0 Cr, supported by an EBITDA margin of 15.1%. A major operational milestone was achieved with the commencement of the Jammu alkaline battery plant on May 29, 2026, featuring an annual capacity of 456 million units. While the battery and flashlight segments grew by 11.9% and 13.7% respectively, the lighting segment faced a 6.7% revenue decline due to price erosion.
- Revenue increased 9.0% YoY to ₹407.7 Cr, driven by double-digit growth in batteries and flashlights.
- Alkaline battery segment saw 56% revenue growth and 48% volume growth, reaching an 18% market share.
- New Jammu facility with 456 million annual capacity became operational on May 29, 2026.
- EBITDA grew 9.6% to ₹61.5 Cr, maintaining a steady margin of 15.1%.
- Exceptional item of ₹7.1 Cr recorded for non-recurring ex-gratia payments to workmen on separation.
The Board of Eveready Industries approved the unaudited financial results for the quarter ended June 30, 2026, in a meeting held on August 8, 2026. The company enters this period with a TTM revenue of Rs 1,455 Cr and a TTM PAT of Rs 172 Cr. Investors should monitor the detailed results for margin stability, as the company previously reported an OPM of 11.3%. The performance of the alkaline battery segment and the new electrical accessories line will be critical indicators of the company's premiumization strategy.
- Board meeting concluded at 01:40 PM on August 8, 2026, after a 100-minute session.
- Unaudited standalone and consolidated financial results approved for the quarter ended June 30, 2026.
- Company operates with a TTM revenue base of Rs 1,455 Cr and a market cap of Rs 2,598 Cr.
- Distribution reach remains extensive with over 4.5 million outlets as per company strategy.
- TTM EPS stands at Rs 23.59 following a significant PAT jump in the March 2026 quarter.
Eveready Industries India Limited has scheduled its Q1 FY27 earnings conference call for August 10, 2026, at 4:30 PM IST. The management will discuss the company's performance following a fiscal year (FY26) where revenue reached ₹1,455.16 crore and net profit stood at ₹171.77 crore. Key focus areas for investors will include the operational progress of the new Jammu alkaline battery facility inaugurated in April 2026 and the impact of the premiumization strategy on operating margins, which were 11.25% in FY26.
- Earnings conference call scheduled for August 10, 2026, at 4:30 PM IST
- Company reported FY26 revenue of ₹1,455.16 crore and PAT of ₹171.77 crore
- Jammu alkaline battery facility, India's only such operating plant, was inaugurated in April 2026
- Distribution network remains extensive with over 4.5 million retail outlets
- Management to discuss progress on the 'Give Me Power' rebranding and Ultima Alkaline range
Eveready Industries India Limited has scheduled its 91st Annual General Meeting (AGM) for August 11, 2026, to be conducted via video conferencing. The company is notifying shareholders whose email addresses are not registered on how to access the Annual Report for the financial year 2025-26. This is a standard procedural filing following the conclusion of the fiscal year. Investors can access the full report via the company's website or stock exchange portals.
- 91st Annual General Meeting to be held on August 11, 2026, at 11:30 A.M. IST
- Annual Report and AGM Notice pertain to the financial year 2025-26
- Notice of the AGM was originally dated April 30, 2026
- Company maintains a massive distribution reach of 4.5 million outlets as per financial context
Eveready Industries has fixed August 4, 2026, as the record date for its FY 2025-26 dividend, with the AGM scheduled for August 11. The company reported a strong financial performance for the year, with PAT doubling to Rs 171.23 crore and revenue reaching Rs 1,454.61 crore. A major strategic milestone is the Rs 200 crore investment in a new Jammu alkaline battery plant, which represents approximately 32% of the company's net worth. This facility aims to reduce import reliance and capture the premium battery market with a 456 million unit annual capacity.
- PAT grew 107.85% YoY to Rs 171.23 crore in FY 2025-26
- Revenue from operations increased 8.2% to Rs 1,454.61 crore
- Commissioned a Rs 200 crore greenfield alkaline battery facility in Jammu
- The new facility has an installed capacity of 456 million units per annum
- Annual sales volume reached over 1.3 billion dry cell batteries and 37 million LED lights
Eveready Industries has scheduled its 91st AGM for August 11, 2026, following a fiscal year where PAT surged 107.85% to Rs 171.23 Cr. A major strategic highlight is the commissioning of a Rs 200 Cr greenfield alkaline battery facility in Jammu, which has an installed capacity of 456 million units per annum. This facility, representing approximately 7.8% of the company's market cap, is India's only operating alkaline battery plant and aims to reduce import dependence while improving margins. Shareholders as of the August 4, 2026 record date will be eligible for the recommended dividend.
- Profit After Tax (PAT) grew by 107.85% to Rs 171.23 Cr in FY 2025-26.
- Commissioned a Rs 200 Cr greenfield alkaline battery facility in Jammu with 456 million units annual capacity.
- Annual sales volume exceeded 1.3 billion dry cell batteries and 37 million LED lights.
- Dividend record date set for August 4, 2026, with payment scheduled on or after August 14, 2026.
- Revenue from operations for FY 2025-26 stood at Rs 1,454.61 Cr, a growth of 8.2%.
Eveready Industries India Limited has submitted its quarterly compliance certificate for the period ended June 30, 2026. The filing, as required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirms that physical share certificates received for dematerialization were processed and cancelled. The Registrar and Share Transfer Agent, Maheshwari Datamatics Private Limited, has verified that the depositories' names were updated in the company's records within the stipulated time. This is a routine administrative filing with no impact on the company's financial health or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation of compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Registrar Maheshwari Datamatics Private Limited confirmed the destruction/mutilation of physical certificates
- Filing submitted to NSE, BSE, and CSE on July 2, 2026
Eveready Industries India Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI insider trading regulations. This closure is ahead of the declaration of the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives. The trading window will reopen 48 hours after the financial results are officially disclosed to the stock exchanges.
- Trading window closure effective from July 1, 2026, for the quarter ending June 30, 2026.
- Restriction applies to Designated Persons and their immediate relatives per SEBI regulations.
- Window to remain closed until 48 hours after the announcement of Q1 financial results.
- Covers both standalone and consolidated unaudited financial performance.
Williamson Financial Services, acting for the promoter group of Eveready Industries India Limited, has submitted its annual declaration under SEBI Takeover Regulations. The group confirmed that no new encumbrances or pledges were created on their shareholding during the 2025-26 financial year, other than those already disclosed. Major promoter holdings include McLeod Russel India Limited with 16,63,289 shares and Kilburn Engineering with 2,71,337 shares. The filing explicitly notes that shares held by Vivaya Enterprises (4,94,558 shares) and Ekta Credit (50,000 shares) were pledged during the year.
- Annual declaration submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- Promoter group confirms no undisclosed encumbrances were made during the FY ended March 31, 2026.
- McLeod Russel India Limited holds the largest promoter stake among the listed entities with 16.63 lakh shares.
- Vivaya Enterprises Private Limited (4.94 lakh shares) and Ekta Credit Pvt Ltd (50,000 shares) reported pledged holdings during the year.
- Total promoter group includes over 20 entities and individuals including members of the Khaitan family.
Eveready Industries India Limited has approved the grant of 10,55,000 stock options to eligible employees under its Employee Stock Option Plan 2026 (ESOP 2026). Each option is convertible into one equity share of face value ₹5, with the exercise price linked to the prevailing market price. This initiative is designed to align employee interests with shareholder value and retain key talent. While this will lead to a marginal equity dilution in the future, it is a standard practice for incentivizing management.
- Grant of 10,55,000 stock options to eligible employees under ESOP 2026
- Each option is convertible into one equity share of face value ₹5
- Exercise price is based on the closing market price prior to the June 8, 2026, NRC meeting
- Options can be exercised within three years from the date of vesting
- Shares allotted upon exercise will have no lock-in period and will rank pari-passu with existing shares
Financial Performance
Revenue Growth by Segment
In Q2 FY26, total revenue grew 6.7% YoY to INR 386.8 Cr. Segmental growth: Batteries grew 7.6% YoY to INR 257.3 Cr (64% of revenue); Lighting grew 10.6% YoY to INR 93.0 Cr (24% of revenue); Flashlights declined 2.2% YoY to INR 47.4 Cr (12% of revenue).
Geographic Revenue Split
Not disclosed in available documents, though the company mentions expanding penetration in under-served geographies and sub-segments.
Profitability Margins
Gross margins are approximately 25%. Operating EBITDA margin for Q2 FY26 was 12.7%, reflecting strong underlying performance despite price compression in the LED category.
EBITDA Margin
Operating EBITDA for Q2 FY26 was INR 49.1 Cr, a 2.8% YoY increase. EBITDA margins have stabilized at 10.5-11.5% compared to historical levels of 7-10%.
Capital Expenditure
The company is investing in a new greenfield facility for alkaline batteries, with INR 80-90 Cr drawn down for this project as of late 2025.
Credit Rating & Borrowing
Gearing improved to 0.7x as of March 31, 2025, from 1.4x in 2022. Debt protection is healthy with an interest coverage ratio of 5.97x and NCATD of 0.33x.
Operational Drivers
Raw Materials
Zinc is the primary raw material, accounting for approximately 50% of the total cost of sales.
Key Suppliers
Not disclosed in available documents, but the company utilizes long-term supplier contracts and vendor consolidation.
Capacity Expansion
Current capacity utilization is low at some plants (specifically D-size batteries). Expansion is focused on a new greenfield alkaline battery facility to support premiumization.
Raw Material Costs
Raw material costs represent ~50% of sales. The company uses partial hedging for zinc to stabilize gross margins against price volatility.
Manufacturing Efficiency
Operating efficiency is being improved through regional distribution hubs to reduce last-mile costs and the implementation of Sales Force Automation (SFA).
Logistics & Distribution
Distribution reach covers over 4.5 million outlets. RTM rationalization is used to achieve cost efficiencies.
Strategic Growth
Expected Growth Rate
10%
Growth Strategy
Growth will be driven by premiumization (shifting to alkaline batteries), distribution expansion (4.5 million outlets), and a new electrical accessories line. The company is also expanding its institutional segment presence for margin expansion.
Products & Services
Dry cell batteries (Carbon Zinc and Alkaline), LED lighting products, flashlights, and electrical accessories.
Brand Portfolio
Eveready (100+ year legacy).
New Products/Services
Introduction of a new electrical accessories line and a revamped alkaline battery portfolio.
Market Expansion
Targeting institutional segments and under-served sub-segments/geographies through a revamped route-to-market approach.
Market Share & Ranking
Strong market share in dry cell batteries (specific percentage not disclosed).
External Factors
Industry Trends
The industry is seeing a shift toward alkaline batteries and premiumization, while the LED lighting segment faces persistent price compression.
Competitive Landscape
Key competitors include Duracell India Operations Pvt Ltd, Panasonic Energy India Company Ltd, and Indo National Ltd.
Competitive Moat
Durable advantages include a 100-year brand legacy, a massive distribution network of 4.5 million outlets, and cost leadership in dry cell batteries.
Macro Economic Sensitivity
Economic activity is aided by strong monsoons and GST 2.0, which sustain retail momentum.
Consumer Behavior
Shift toward premium value-added offerings and alkaline batteries for high-drain devices.
Geopolitical Risks
Risks include political stability in India and globally, which can impact trade priorities and commodity prices.
Regulatory & Governance
Industry Regulations
Operations are affected by GST rationalization and government regulations on commodity pricing and trade.
Environmental Compliance
The company monitors sustainability and ESG-related risks through its Risk Management Committee.
Taxation Policy Impact
Not disclosed in available documents; mentions monitoring government regulations and taxation.
Legal Contingencies
Pending CCI penalty hearing (Nov 19-20, 2025); INR 15 Cr settlement for arbitration with Real Touch; INR 29.8 Cr H1 FY26 ex-gratia payment for workmen separation.
Risk Analysis
Key Uncertainties
Outcome of the CCI penalty (unquantified), zinc price volatility (50% of costs), and continued price erosion in the LED lighting market.
Third Party Dependencies
Dependency on zinc suppliers; mitigated by vendor consolidation and long-term contracts.
Technology Obsolescence Risk
Risk of structural value erosion in traditional LED lighting; mitigated by R&D and product differentiation.
Credit & Counterparty Risk
Receivables quality is managed through disciplined working capital and a debt-equity ratio of 0.7x.
