Page 2 - Eveready Industries India

A white knight galvanises Eveready as company fights mounting debt

The Burmans of Dabur become the biggest shareholder in India's largest dry cell battery maker as the Kolkata-based promoters struggle to ring-fence their tea-to-engineering group

Eveready not under stress, working to revive profitability: Khaitan

Eveready managing director, Amritanshu Khaitan did not confirm a deal with Duracell but said that the company continues to look at opportunities and discuss various joint ventures or strategic tie-ups

Eveready's plan to sell battery business to pare debt tied in legal knots

Battery division sell-off may be delayed

Eveready Industries sells Hyderabad land to Nuland Tech to reduce debt

Production in this factory at Moula Ali Industrial Development Area in Hyderabad had stopped in 2010 owing to economic unviability

Eveready Industries rallies 18% on reports of promoter stake sale plan

The stock rallied 18% to Rs 214 on the BSE in early morning trade on back of heavy volumes.

Battery maker Eveready in process of carving out new identity for FMCG arm

The recently announced brand Jollies marks the company's maiden foray into the mainstream FMCG space

Eveready Industries Q3 net profit declines 40% to Rs 210 million

The company said revenue for the period is not comparable on account of implementation of GST from July 1, 2017

McLeod Russel to acquire equal stake in Eveready's tea retail arm

In its pursuit of entering the tea retailing business for the first time, McLeod Russel, the world's largest tea producer, will be acquiring an equal stake in Greendale India Ltd, one of the wholly owned subsidiaries of Eveready Industries India Ltd (EIIL). Both McLeod Russel and EIIL belong to the Khaitan family controlled Wiliamson Magor Group.While EIIL had kept its focus on batteries and flashlights, its tea retail division, which owns a few brands, couldn't be used optimally resulting in under-utilisation of assets as well as the brand value of the packet tea. The battery major, hence, was on the lookout for a partner which can not only invest in reviving GIL by pumping in capital, but take the brand forward as well.On the other hand, McLeod Russel, another group company, which so far, has been a pure plantation company, was on the lookout to enter the tea retail business.Both these companies had entered into a preliminary agreement to revive the group's retail tea business."We ..

GST cheer for Eveready as it eyes 10-15% growth in FY18

EIIL's MD says shrinking of unorganised batteries, flashlights market under GST cause for optimism