Eveready Industries reported strong growth in its revenue, mainly driven by a good performance in its Batteries division. However, its Lighting business still faces challenges due to lower prices across the industry. Despite this, key areas within the Lighting business saw growth in the volume of products sold.
The company’s Profit Before Tax (PBT) in Q4 FY25 increased by 37%, reaching ₹12.15 crore, compared to ₹8.87 crore in the same quarter last year. Its Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 0.8% to ₹25.7 crore, while the EBITDA margin slightly decreased to 8.6% from 9.1% last year.
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Despite facing higher costs for raw materials like zinc and challenges due to foreign exchange, the company performed well in terms of profit. This was mainly due to better strategies in managing costs and operational efficiencies.
In the Batteries division, Eveready’s sales in Q4 FY25 grew by 8.3%, amounting to ₹203.7 crore. The company saw a huge 46.3% increase in sales of its alkaline batteries, further expanding its market share to over 14%. The company is focusing on strengthening its brand and expanding its distribution channels to keep this momentum going.
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The construction of a new battery plant in Jammu is also progressing and is expected to be ready by the second half of FY26. This new facility will help Eveready become the only domestic manufacturer of alkaline batteries.
Revenue from Eveready’s flashlight business fell by 6.5%, to ₹28 crore, while its Lighting division saw a small increase of 1.5%, reaching ₹68.7 crore in sales. The company is focusing on growing sales in key markets and expanding its retail network to increase its presence.
Eveready’s advertising and promotional expenses in Q4 FY25 were 11.8% of its total revenue, showing its ongoing efforts to build the brand.
For the entire year (FY25), Eveready saw a 23.49% rise in net profit, which reached ₹82.44 crore, compared to ₹66.76 crore in FY24. Its revenue increased by 2.3%, from ₹1,314.28 crore to ₹1,344.52 crore.
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Suvamoy Saha, Managing Director of Eveready Industries, commented on the company’s progress, saying that FY25 has been a year of growth despite challenges like inflation and slow consumer spending. Eveready managed to increase its market share in key areas like batteries and flashlights and focused on strengthening its brand. The new plant in Jammu will help the company remain competitive in the future.
The board also declared a dividend of ₹1.50 per share for FY25, subject to approval by shareholders at the annual meeting. Additionally, Anirban Banerjee, who is currently Senior Vice President & Head of the Batteries, Flashlights, and Lighting segments, has been appointed as the new CEO, effective May 10, 2025.
Eveready Industries is one of India’s leading manufacturers of batteries and lighting products, catering to various consumer markets.
