Kolkata, October 31, 2026: Eveready Industries India Limited reported a 10.7% year-on-year increase in consolidated revenue to INR 428.2 crore for the quarter ended September 30, 2026, marking its eighth consecutive quarter of revenue growth. The company maintained its EBITDA margin at 12.6% despite higher input costs and lower-than-normal rainfall affecting seasonal demand.
Profit after tax for Q2 FY27 stood at INR 31.9 crore, compared to a loss of INR 7.9 crore in the same quarter last year, which had included an exceptional loss of INR 37.7 crore. For the half year ended September 2026, consolidated revenue reached INR 836.0 crore, up 9.9% year-on-year, while profit after tax rose 209% to INR 68.9 crore.
Segment performance and new product launches
The battery segment saw value growth of 9.1%, with alkaline batteries registering a 36.5% increase in value and a 30% rise in volume. The Jammu alkaline facility, which began commercial production in May 2026, contributed to manufacturing localisation and the expansion of the alkaline battery portfolio.
Flashlights grew 17.3% overall, with the rechargeable segment up 33.2%. In lighting and electrical accessories, the lighting segment posted 10.4% growth, led by a 26.3% increase in Emergency LED bulbs. Electrical accessories continued to build on previous momentum.
Product and distribution highlights
Eveready launched SHOR, a torch with an animal alarm for farm protection, and previously developed the SIREN torch for personal safety. The company also introduced the Xtra Bright emergency LED bulb, offering double the brightness compared to other emergency bulbs, and expanded its homecare portfolio with mosquito racquets and India’s first portable, rechargeable anti-mosquito liquid vaporizer.
All B2C distribution channels recorded strong growth, with e-commerce and quick commerce channels growing over 50% year-on-year.
Management commentary and financial position
Chief Executive Officer Anirban Banerjee said the eighth consecutive quarter of revenue growth reflected the strength of the business, with alkaline batteries and rechargeable products as key drivers. Executive Director and Chief Financial Officer Bibek Agarwala stated that the company remained focused on profitable growth, disciplined working capital management, and margin stability, with commodity and forex hedging helping to manage higher input costs.
Net debt as of September 30, 2026, stood at INR 153 crore, down from INR 164 crore at the end of Q1 FY27. The registration and transfer of Plot B2 of the Noida property was completed on October 13, 2026.
Outlook and company background
Looking ahead, Eveready plans to scale up its alkaline battery portfolio, drive adoption of liquid vaporizers and other rechargeable products, and continue ramping up the Jammu facility. The company noted that higher input costs remain a concern and that pricing will be reviewed in line with cost movements.
Founded in 1934, Eveready Industries India Limited is known for its dry cell batteries and flashlights, with manufacturing facilities in Matia, Lucknow, Haridwar, Maddur, Kolkata, and Jammu.
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