EVEREADYNSEEveready Industries India Limited· Electrical EquipmentMediumNeutral
Announced Tue, 5 May · 18:38 IST

Eveready Industries India Limited has informed the Exchange about Transcript

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EVEREADY · price

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Price reaction · full curve 14 horizons · vs prior close
+4.8%1-day move
₹318.95
prior close
₹323.10
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AI summary

Eveready Industries delivered FY26 revenue growth of 8.2% and EBITDA growth of 8.9%, with EBITDA margin at 11.5%. The battery segment grew 9.3%, with alkaline batteries now accounting for nearly 10% of battery business and growing at 20%+ CAGR. A major milestone was the commissioning of the Jammu manufacturing facility (India's only alkaline battery plant) with INR200 crore investment and 360 million units peak capacity. The company reduced debt by over INR100 crore in FY26 and completed sale of Noida Plot B1 for INR116 crore (total expected INR251 crore from both plots). Management guided for maintaining EBITDA margins around the 11.5% level in FY27 despite zinc cost headwinds, with Jammu plant expected to reach operational breakeven from Year 1. The company will transition to 22% tax rate from FY27.

Likely market impact

Shareholders can expect steady performance with margin maintenance despite commodity headwinds. The Jammu facility and transition to domestic alkaline production should improve margins over 5-6 years. BIS flashlight mandate and urban demand recovery are potential catalysts.