Exide Industries Limited has informed the Exchange about Transcript of Earnings Call held on 6th May 2026.
EXIDEIND · price
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Exide Industries reported its highest-ever quarterly revenue in Q4 FY26 with 9.4% YoY growth, driven by strong double-digit performance across 2-wheeler OEM, 4-wheeler OEM, home UPS, solar (crossing Rs. 1,000 crore for full year), and industrial infrastructure. Domestic business grew 12.5% YoY. However, commodity inflation created a net Rs. 150 crore material cost headwind, compressing gross margin from 31.6% to 30.1% quarter-on-quarter, though EBITDA margin was maintained at 11.7% through tight cost controls. The company took price hikes in four tranches (January through April) totaling ~8-9% to offset costs. Lead-acid business guidance for FY27 is high single-digit to early double-digit growth, with medium-term 5-year CAGR target of ~11%. Lithium-ion cell manufacturing is progressing: Rs. 4,802 crore invested in Exide Energy so far, with Rs. 1,400 crore planned for FY27, cylindrical samples starting this month and prismatic trials imminent. Total capacity of 6 GW (3 GW each cylindrical and prismatic) with 90% yield and import-parity pricing targets.
Exide's core lead-acid business is performing well with strong volume growth offsetting commodity inflation through successful price hikes. The lithium-ion venture is progressing but meaningful revenue is still quarters away. Investors should monitor the margin impact from continued commodity volatility and the timeline for commercial cell supplies.