Eveready Industries

Battery and flashlights maker Eveready Industries India Ltd on Tuesday reported a 16.2 per cent rise in its consolidated net profit to Rs 29.56 crore for the second quarter ended in September 2024. The company had posted a net profit of Rs 25.44 crore in the July- September period a year ago, according to an exchange filing from the Burman family-promoted firm. However, its revenue from operations was marginally down at Rs 362.61 crore during the quarter under review. It was at Rs 364.89 crore in the September quarter in a year-ago period. "Moderation in revenue is attributed to value de-growth in Batteries as Carbon Zinc volumes mark a decline in favour of Alkaline," said Eveready Industries in its earning statement. Flashlights record double-digit growth led by the rechargeable segment while lighting value erosion continued at a lower rate than earlier, adding to the moderation, it added. Its EBITDA margins improved helped by a better product mix, coupled with other operating ..

Battery and flashlights maker Eveready Industries India Ltd on Saturday reported an increase of 18.1 per cent in its consolidated net profit at Rs 29.36 crore in the first quarter ended June 2024. The company had posted a net profit of Rs 24.86 crore in the April-June period a year ago, according to a regulatory filing from the Burman family promoted firm. However, its revenue from operations was down 3.9 per cent to Rs 349.37 crore during the quarter under review. The revenue was at Rs 363.57 crore in the year-ago period. "PAT was higher by 18.1 per cent over Q1 of last year mirroring the strong operating trend for the quarter," said Eveready Industries in its earnings statement. Total expenses of Eveready Industries has decreased 6.48 per cent to Rs 314.18 crore in the June quarter. Eveready Industries' total income in the June quarter was down 4.6 per cent to Rs 349.59 crore. "Revenue growth for the quarter was contained by several factors, including a high base effect, slower

Saha indicated that the RTM should be amenable to take on other categories

Olympic champion Neeraj Chopra joined hands with Eveready as their new brand ambassador

Lithium prices, a key raw material for battery makers, were down in the quarter, helping offset beleaguered rural demand for batteries and flashlights

Suvamoy Saha, managing director of Eveready, pointed out that in India, device penetration was low and battery usage traditional

Company seeks to double revenue by FY27 and new category will help in the target

Battery and flashlights maker Eveready Industries India Ltd on Saturday reported a 13.77 per cent increase in its consolidated net profit to Rs 24.86 crore for the first quarter that ended on June 30, 2023, led by operating growth. The company had posted a net profit of Rs 21.85 crore in the April-June period a year ago, Eveready Industries said in a regulatory filing. Its revenue from operations was up 8.4 per cent to Rs 363.57 crore during the quarter under review as against Rs 335.38 crore in the year-ago period. "Profit After Tax during Q1 showed healthy improvement on the back of operating growth," Eveready Industries said in a statement. Eveready Industries, now controlled by the Burman family, reported total expenses of Rs 335.96 crore, up 8.2 per cent in the first quarter of FY 2023-24. The total income of Eveready Industries in the June quarter was Rs 366.41 crore, up 9.11 per cent. Commenting on the result, Managing Director Suvamoy Saha said: "It has been an endeavour

Batteries and flashlights maker Eveready Industries India Ltd has cut the number of its direct distributors to 1,000, from 5,000 earlier, as part of a network revamp strategy to drive efficiency, according to company Managing Director Suvamoy Saha. The company, in which the Burmans of Dabur had acquired a majority stake last year and became promoters, is seeking to "surpass the growth percentage achieved in FY23" in the ongoing financial year. "As we continue our journey to scale up our revenues, efforts are underway to make our distribution network more efficient. Our teams have studied the demand pattern and key customer requirements and have effected changes to streamline the route-to-market processes," Saha told analysts. He further said changes have been affected not only across the organisation but also across its "channel structures wherein we have reduced our direct distributors from an earlier number of 5,000 to a more efficient 1,000". "We have managed this change without

Leading battery and flashlights maker Eveready Industries India Ltd on Tuesday reported narrowing of its consolidated net loss to Rs 14.39 crore for the quarter ended March 2023. The company had posted a net loss of Rs 38.41 crore in the January-March period a year ago, it said in a regulatory filing. However, its revenue from operations was up 18.62 per cent to Rs 286.17 crore during the quarter under review as against Rs 241.23 crore in the year-ago period. "PAT (Profit After Tax) for the quarter and FY23 was impacted adversely by a non-cash charge of Rs 17.4 crore against unamortised front-end fees for loans repaid during the quarter and the full year," it said. Total expenses of the company, controlled by the Burman family, rose 6.31 per cent to Rs 312.92 crore in the fourth quarter ended March 2023. In the latest March quarter, Eveready's total income jumped 21.32 per cent to Rs 293.81 crore. "Each of the company's three segments saw growth during Q4 -- batteries at 21 per c

Eveready Industries reported a 77% fall in third-quarter profit on Tuesday, as the Indian battery manufacturer battled high costs of raw material as well as climbing advertising and promotion costs

Company's focus shifts to topline growth under Burmans; may look at new categories later

Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr

Eveready Industries India Ltd on Friday said September quarter profit more than halved, hit by a charge related to a loan repayment and higher input costs

So far in August, the stock has gained 16 per cent, after the company reported healthy growth in topline performance, backed by volume gains despite a market slow down due to inflationary conditions.

In Eveready, the current holding of the Burman Group stands at 38.3%

Battery and flashlights maker Eveready Industries India Ltd on Monday reported a decline of 27.48 per cent in its consolidated net profit at Rs 21.85 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 30.13 crore in the April-June period a year ago, Eveready Industries said in a regulatory filing. Its revenue from operations was up 18.87 per cent to Rs 335.38 crore during the quarter under review as against Rs 282.14 crore in the year-ago period. Eveready Industries, in which the Burman family were classified as promoters last month, reported total expenses of Rs 310.50 crore in Q1 FY 2022-23, up 27.16 per cent from Rs 244.17 crore earlier. Shares of Eveready Industries India Ltd on Monday were trading at Rs 345.50 on BSE, up 8.90 per cent from the previous close.

The board-level changes follow the completion of the open offer for acquisition of shares and control of Eveready by the Burman Group

FMCG firm Dabur India promoter Burman family has now become promoter of Eveready Industries, according to a regulatory filing by the Kolkata-based flashlight and battery maker. Entities belonging to the family -- Puran Associates, VIC Enterprises, MB Finmart, Gyan Enterprises and Chowdry Associates -- now jointly own 38.38 per cent in Eveready Industries after the completion of an open offer in June. These firms "have become the promoter of the target company," said a disclosure to bourses made by the company under SEBI's takeover regulation. The investment firms of the Burman family entities had acquired a 14.55 per cent share of Eveready Industries from the open market in June and now collectively own a majority stake. Prior to this, the family already had acquired a 23.83 per cent stake in Eveready Industries. In February this year, the Burman group, through various entities had made a Rs 604.76-crore open offer to acquire around 1.89 crore shares of Eveready Industries, ...

The company has chalked out improvement plans for each of its business categories and separate business unit teams are working on the plans