Eveready Industries India

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

The stock has gained nearly 43 per cent so far in FY24 as against a 12 per cent rally in benchmark Sensex.

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

Eveready achieved a growth of 10 per cent over the previous year in its topline, driven primarily by the premiumisation of product portfolio

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

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.

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

On Thursday, the open offer in Eveready by Burman entities closed with the Burmans acquiring 14.3% shares. The total holding of the in the company now stands at 38.3%

Eveready Industries India Ltd is in the "midst of a transformation" of its business and has taken steps to address areas of weaknesses in its operations and the product portfolio

The promoter status for Burman family in Eveready Industries, in which it is vying to acquire an additional 26 per cent stake through a Rs 607-crore open offer, hinges on the nod by SEBI

The company had posted a net loss of Rs 442.53 crore in the January-March period a year ago, it said in a regulatory filing

A disclosure to the stock exchanges on Monday showed 88,683 shares translating to 0.12 per cent were bought on April 13 by Burman Group entities

Move follows Amritanshu Khaitan's resignation; Saha has been around for long. Prior to being made Jt MD in August, he was a whole-time director of the firm

For the first time, Khaitans won't be represented on firm's board since they acquired Union Carbide India in 1993 and renamed it Eveready Industries India. But they will continue to hold 4.84% stake

We plan to clean the company and run it in a professional manner: Mohit Burman

Company needs direction and the brand has immense potential: Mohit Burman

A source says Amritanshu Khaitan is unlikely to seek reappointment as firm's MD. Khaitan declined to comment

Eveready's Q1 PBT rises 234% on upward price revision, better product mix