PANASONIC ENERGY INDIA COMPANY

Manufactures dry cell batteries at a plant in Pithampur, Madhya Pradesh, selling to end consumers under the Panasonic brand as a household FMCG product. FY26 revenue from operations was ₹27,003.18 lakhs, marginally higher than ₹26,841.47 lakhs in FY25. The single biggest cost line is materials and components, at 45.5% of revenue, with employees at 19.6% and other operating expenses at 14.8%, leaving an EBITDA margin of 3.96%. Profit after tax fell sharply to ₹348.68 lakhs in FY26 from ₹1,177.31 lakhs in FY25, mainly because of a ₹339.77 lakhs exceptional charge linked to the new Labour Codes. The dry cell battery business has been in the news for its exposure to the Battery Waste Management Rules, 2022, with the statutory auditor issuing a qualified opinion because no provision was made for potential environmental compensation. A fire at the Pithampur plant on the night of July 5-6, 2026 hit a production line; no injuries were reported, the affected area is temporarily shut, and an insurance claim is in process.