Eveready Industries India Limited has informed the Exchange about Transcript
EVEREADY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eveready reported its 5th consecutive quarter of revenue growth, with Q3 FY26 revenue up 10.1% and EBITDA up 13%, led by the batteries business which grew 11.1%. The company holds 51.9% value share in batteries and alkaline volume share reached ~19%. The flagship Jammu alkaline battery facility is on track for completion by March 2026 and is expected to improve alkaline segment margins by ~10%. The Board has approved divestment of a non-core land parcel in Noida with a minimum price of INR250 crores, expected to be monetized within 6 months. Net debt stood at INR317 crores after INR167 crores already invested in Jammu. The company is also exploring white labelling opportunities for its alkaline plant for domestic and export markets.
Positive for shareholders: margin uplift from the make-in-India Jammu alkaline plant combined with planned debt reduction from the Noida land sale should strengthen the balance sheet and improve return ratios. However, near-term gross margins remain under pressure from elevated zinc and dollar costs, partially offset by price increases in premium portfolios.