Eveready Industries announced its results for the July to September quarter on Saturday, October 31. In this quarter, the company turned to profit compared to the previous year's loss; meanwhile, its margins contracted YoY. Eveready Industries Q2The battery manufacturer reported a net profit of ₹92 crore for the September quarter, against a net loss of ₹8 crore in the same period last year.
When it comes to the top-line figures, the Kolkata-based company reported revenue from operations of ₹428 crore, recording an 11% year-on-year increase from ₹387 crore a year earlier. When it comes to its profitability, the numbers missed the mark compared to last cycle, as the Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA, grew 3.6% to ₹50.7 crore from ₹49 crore.

However, the EBITDA margin contracted to 12% from 13% a year ago. Batteries accounted for 64% of the company's revenue this quarter, where it has category leadership. The Flashlights segment came in second, with 14% of all the revenue. In addition to that, the Lighting business brought in 22 % of the total revenue.
Q1 Results Sequentially speaking, the company saw a year-on-year increase of 23.3% in net profit, reaching ₹37 crore for the first quarter of FY27, while operational revenue rose by 9% to ₹407.7 crore. EBITDA saw a year-on-year growth of 14%, amounting to ₹61.2 crore, with the EBITDA margin standing at 15%, in contrast to 14.3% from the previous year.

Company On Business EnvironmentIn its statement, the company laid emphasis on value-conscious purchases and affordability remaining important amid uneven rural and urban demand. According to the company, weak monsoon conditions led to moderation in the rural segment, while urban demand remained resilient.
Amid the ongoing volatility in the global markets, elevated commodity costs continue to pose margin pressures across consumer businesses, the company added. Furthermore, Eveready underscored that currency volatility and inflationary pressures reinforce the need for pricing and cost management and continued investment in distribution and supply chains, with a sharper focus on general trade expansion, modern trade, e-commerce and quick commerce, and continued growth momentum.

When we take a quick look at the stock performance, the company's shares closed Friday's trade with losses of close to 3%. In the past year of trading, the company's shares have fallen 18.25%, taking the stock price to ₹310.55 per share.