Transcript of the Earnings Conference Call for Q4FY26 held on 30th April 2026.
EVEREADY · price
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Eveready Industries delivered FY26 revenue growth of 8.2% and EBITDA growth of 8.9%, with EBITDA margin at 11.5%. The battery segment was the primary growth driver at 9.3%, with alkaline batteries now comprising nearly 10% of battery business and growing at 20%+ CAGR. The company commissioned its Jammu manufacturing facility (India's only alkaline battery plant) on 22nd April 2026 with INR 200 crore investment and 360 million units peak capacity. Management reduced debt by over INR 100 crore in FY26 and plans further debt reduction in FY27. The Noida land sale is progressing with INR 116 crore received for Plot B1 and INR 135 crore pending for Plot B2. Management guided that FY27 margins should hold around the 11.5% level despite zinc price headwinds, with pricing actions and Jammu plant ramp-up supporting outlook.
Management's commitment to debt reduction and margin defense provides stability, while the Jammu facility positions Eveready for cost efficiencies and market share gains in the fast-growing alkaline segment. The transition to 22% tax rate from FY27 will improve net profitability going forward.