Eveready records Rs 50.43 cr profit in Dec qtr on volume growth, price hike

Profit was Rs 90.60 cr in year-ago period, but this included exceptional gain of Rs 89.55 cr from land deal in Chennai

Eveready Industries India has recorded a net profit of Rs 50.43 crore in the quarter ended December, on the back of an increase in turnover growth of batteries and flashlights with higher gross margins due to price increases and volume growth.

In the same period last year, net profit stood at Rs 90.60 crore, which had however, included an exceptional gain of Rs 89.55 crore from sale of land in Chennai. 

Profit before tax before exceptional items in the December quarter increased by 183 per cent to Rs 61.14 crore from Rs 21.58 in the year ago period.

Amritanshu Khaitan, managing director, Eveready,