Eveready Q1FY26 Net Profit Jumps Nearly 3x QoQ to ₹30.23 Crore

Kolkata, August 5, 2025 – Eveready Industries India Ltd (NSE: EVEREADY, BSE: 531508) reported a sharp sequential recovery in its Q1FY26 earnings, with consolidated net profit rising nearly 2.9 times to ₹30.23 crore, compared to ₹10.42 crore in Q4FY25. Revenue from operations surged 25% QoQ to ₹374.14 crore, driven by robust growth across product segments.

Despite a one-time exceptional expense of ₹7.07 crore for ex-gratia payments, the company maintained profitability on strong operational performance and effective cost control.

Key Financial Highlights (₹ crore)

• Eveready Industries India posted a 7.1% year-on-year increase in revenue from operations at ₹374.14 crore in Q1FY26, compared to ₹349.37 crore in the same period last year.
• Sequentially, revenue grew 25.1% over ₹299.04 crore reported in Q4FY25.
• Total income for the quarter stood at ₹376.56 crore, up 7.7% YoY and 25.8% QoQ.
• Profit before tax (PBT) rose marginally by 2.4% YoY to ₹36.25 crore, but jumped 198.3% sequentially from ₹12.15 crore in the previous quarter.
• Net profit for Q1FY26 came in at ₹30.23 crore, marking a 2.9% YoY rise from ₹29.36 crore and a significant 190.1% QoQ surge.
• Basic and diluted earnings per share (EPS) stood at ₹4.16, up 3% YoY and 191.6% QoQ.Exceptional Item

During the quarter, Eveready incurred an exceptional expense of ₹7.07 crore related to non-recurring ex gratia paid to workmen on separation, as part of its workforce rationalization initiative.

Segment Overview

The company continues to operate under a single segment – Consumer Goods, which includes dry cell batteries, rechargeable batteries, flashlights, and lighting products. The growth in revenue was primarily volume-led, supported by increased demand across the lighting and battery verticals.

Key Notes & Regulatory Matters

• CCI Penalty: The company has not provided for the ₹171.55 crore penalty imposed by the Competition Commission of India in 2018, as the matter is pending with NCLAT, which has granted a stay. Only 10% of the amount has been deposited, and the final liability remains uncertain.
• Arbitration Settlement: Eveready entered into a settlement with Real Touch Finance Ltd (NBFC) in an arbitration case involving dues of its promoters. A ₹15 crore payment was made on July 28, 2025, along with the assignment of fully written-off receivables. The final arbitral tribunal order is pending and accounting impact will be taken post award.

Management Commentary

Suvamoy Saha, Managing Director, stated: “This quarter’s robust performance underscores our operational agility and brand strength. While we took a one-time hit on workforce separation, it positions us well for long-term efficiency. Our focus remains on enhancing margins, driving distribution reach, and launching innovative products across categories.”

Eveready Industries India Stock Performance

Eveready Industries India shares closed at ₹400, which is a 1.74% dip on August 5, 2025. Eveready Industries India shares have gained 0.52% in the last year, 1.05% in the year-to-date, and 25.65% in the previous month.

About Eveready Industries India

Eveready Industries India Ltd is a leading FMCG company listed on NSE, BSE, and CSE, primarily engaged in the manufacture and marketing of dry cell batteries, flashlights, and lighting products. With over a century-old legacy, it commands a significant market share in the battery segment. It operates through its subsidiaries, including Greendale India Ltd and Everspark Hong Kong Pvt Ltd.

REF:https://nsearchives.nseindia.com/corporate/EVEREADY_05082025140731_OutcomeoftheMeeting05082025.pdf

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