Eveready Industries Q2 net down 22% at Rs 14 cr

Company's net sales in the quarter under review stood at Rs 368 crore, up 3.76%

Eveready Industries India today reported 21.76% decline in standalone net profit at Rs 13.80 crore for the quarter ended September 30, 2015, due to lower sales and higher expenses.

The company had reported a net profit of Rs 17.64 crore for the corresponding period of the last fiscal.

Its net sales in the quarter under review stood at Rs 367.63 crore, up 3.76% compared with Rs 354.29 crore in the same quarter a year ago, it said in a BSE filing.

Total expenses during the quarter stood at Rs 343.05 crore, an increase of 5.58% as against Rs 324.89 crore in the same quarter last year.

Shares of Eveready Industries closed at Rs 271.50 on the BSE, down 1.97% from previous close.