Business Standard

Eveready Industries rallies 9% on strong September quarter results

The company is expected to maintain high operating margins in the forthcoming quarters

The company's net profit during the quarter more-than-doubled to Rs 58.02 crore as against Rs 18.38 crore in the corresponding quarter of the previous fiscal
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The company's net profit during the quarter more-than-doubled to Rs 58.02 crore as against Rs 18.38 crore in the corresponding quarter of the previous fiscal

SI Reporter Mumbai
Shares of Eveready Industries moved higher by 9 per cent to Rs 170, hitting its fresh 52-week high, on the BSE on Tuesday after the company reported a strong operational performance in September quarter (Q2FY21).

In Q2FY21, the company's standalone operating EBITDA (earnings before interest, taxes, depreciation, and amortization) margin expanded to 20.3 per cent from 9.1 per cent in Q2FY20 due to a better turnover mix towards more profitable segments of batteries and flashlights. This, coupled with lower employee cost, lower distribution cost, lower promotional spends and lower overheads as the various establishments of the company continued to be

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