Eveready Industries India Limited has informed the Exchange about Transcript
EVEREADY · price
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Eveready reported Q1 FY26 revenue growth of 7%, with strong EBITDA margin of 14.3%. Alkaline battery market share rose to 15.3% (up 50bps QoQ) with category revenue growing over 50% YoY, while carbon-zinc share stood at 59.1%. Rechargeable flashlights grew 39% YoY, with management guiding for medium-term double-digit growth in the segment. The Company settled the long-pending Real Touch Finance (KKR) arbitration by paying Rs. 15 crore, which lifts restrictions on asset disposal and capital restructuring. A one-time exceptional charge of Rs. 7.07 crore was taken for ex-gratia payouts to around 50 workmen across locations. The Jammu alkaline battery greenfield plant is on track for commercial production by March 2026, with management reiterating an Rs. 1,800 crore revenue target achievable within the next 3 years.
Removal of the KKR/Real Touch overhang and lifting of asset-sale and capital-restructuring embargoes are positive developments, opening optionality on non-core asset monetisation and potential capital raise. The Jammu plant commissioning could meaningfully improve alkaline margins and accelerate market share gains, supporting the growth re-rating after last year's flat performance.