Eveready Industries reported a strong financial year with Profit After Tax soaring 108% to ₹171.23 crore for FY26. The company also commissioned its new ₹200 crore alkaline battery plant in Jammu, boosting capacity and reducing import dependence.
Eveready Industries Sees Strong FY26 Performance, Profit Jumps 108%
Profit After Tax (₹ crore): 171.23
Revenue from Operations (₹ crore): 1,454.61
Reader Takeaway: Profitability surge driven by new plant and cost control, but input costs and competition remain concerns.
What just happened
Eveready Industries India Ltd reported a robust financial performance for FY 2025-26. Profit After Tax (PAT) surged by 107.85% to ₹171.23 crore, compared to ₹82.38 crore in the previous fiscal. Revenue from Operations grew by 8.2% to ₹1,454.61 crore from ₹1,343.92 crore.
Why this matters
The significant profit jump indicates improved operational efficiency and effective cost management. The commissioning of a new greenfield alkaline battery manufacturing facility in Jammu, with an investment of ₹200 crore, is a key strategic move to enhance capacity and reduce reliance on imports.
The backstory
Eveready has maintained its market leadership in carbon-zinc batteries with a 58.4% share and has increased its presence in the alkaline battery segment to 16.5%. The company has a wide distribution network reaching over 4.5 million retail outlets across India.
What changes now
The new Jammu facility, with an installed capacity of 456 million units per annum, is expected to support the company's premiumisation strategy. Eveready has also rationalized its operations by exiting its Noida facility to focus resources on high-potential units.
Risks to watch
Investors should be mindful of the volatility in input costs for raw materials like zinc and foreign exchange fluctuations. The company also faces pricing pressures in LED lighting and flashlight segments due to competition from the unorganized sector.
Peer comparison
While specific peer data for FY26 isn't provided in the filing, Eveready's market share in carbon-zinc and growing share in alkaline batteries suggest a strong competitive positioning.
Context metrics (time-bound)
Revenue from Operations increased by 8.2% to ₹1,454.61 crore in FY26.
EBITDA grew by 7.3% to ₹163.55 crore in FY26.
Profit After Tax (PAT) grew by 107.85% to ₹171.23 crore in FY26.
Earnings Per Share (EPS) rose by 107.94% to ₹23.56 in FY26.
What to track next
Investors will be keen to observe the ramp-up and performance of the new Jammu alkaline battery plant. Monitoring the company's ability to manage input costs and navigate competitive pricing in its other product segments will also be crucial.