Posted the eighth consecutive quarter of YoY revenue growth on an expanding base
Kolkata, Nov 01: Eveready Industries India Limited (BSE: 531508 | NSE: EVEREADY | CSE: 000029) announced its unaudited financial results for the quarter and half year ended 30th September 2026. The Company reported double-digit revenue growth, marking its eighth consecutive quarter of YoY growth. Margins were maintained despite rising input costs, while lower-than-normal rainfall affected seasonal demand.
Q2 and H1 FY27 Financial Highlights
·Consolidated revenue from operations stood at INR 428.2 crore (Q2 FY26: INR 386.8 crore), registering growth of 10.7%.
·EBITDA stood at INR 53.8 crore (Q2 FY26: INR 49.4 crore), with EBITDA margin at 12.6%, despite higher zinc prices and other inflationary pressures.
·Profit after tax stood at INR 31.9 crore (Q2 FY26: INR -7.9 crore, which included an exceptional loss of INR 37.7 crore).
·For H1 FY27, consolidated revenue stood at INR 836.0 crore, up 9.9% YoY, while profit after tax was INR 68.9 crore, up 209.0%.
·Commodity hedging and tactical pricing actions helped maintain margins amid higher input costs.
Business and Strategic Highlights- Q2
·Battery segment: The overall battery segment grew 9.1% in value while Alkaline batteries sustained strong momentum, with value growth of 36.5% and volume up by 30.0%.
·Jammu alkaline facility: The facility has commenced commercial production in May 2026 and now supports the Company’s manufacturing localization plans and the growth of its alkaline battery portfolio.
·Flashlights: While the Overall flashlights grew 17.3%, the rechargeable segment grew by 33.2%, supporting overall segment growth despite softer conventional battery-operated demand and monsoon-related headwinds.
·Lighting and electrical accessories: The lighting segment recorded a strong growth of 10.4% led by the Emergency LED bulbs growth of 26.3%. Electrical accessories continue to build on the growth momentum.
·New product development:
·SHOR- India’s only torch with an animal alarm to ward off stray animals for farm protection. Eveready was also the developer of SIREN torch with an alarm for personal safety.
·Xtra Bright emergency LED – Emergency bulb with 2X the brightness vs other EME bulbs during power cuts, strengthening our emergency portfolio.
·Mosquito racquets – A part of the emerging homecare portfolio, it performed well, with Eveready establishing a position among the leading brands within three years of launch.
·Liquid vaporizers: Eveready is strengthening its Home Care portfolio with India’s 1st portable, rechargeable anti-mosquito liquid vaporizer that enhance consumer convenience and offer greater flexibility beyond conventional formats.
·Distribution: All our B2C channels grew strong with E-commerce and Quick commerce growing 50%+ YoY.
“Our eighth consecutive quarter of revenue growth reflects the strength of the business and gives us confidence in sustaining this progress. Alkaline batteries and rechargeable products remain important growth drivers, while portable Liquid vaporizers expand our mosquito protection portfolio, supported by the launch of the “Unplug and use anywhere campaign”. Our focus remains on strengthening the product portfolio, expanding market presence and driving sustainable growth.” - Anirban Banerjee, Chief Executive Officer
“We remain focused on profitable growth, disciplined working capital management and strengthening the balance sheet. We are taking calibrated pricing action to protect profitability and maintain margin stability, while commodity and forex hedging helped us manage the impact of higher input costs. As the Jammu facility ramps up, our priority will be to improve capacity utilisation and realise the cost benefits of local manufacturing.” - Bibek Agarwala, Executive Director & Chief Financial Officer
Balance Sheet and Outlook
Net Debt at 30th September 2026 stood at INR 153 crore (INR 164 crore at Q1 FY27). The registration/transfer of Plot B2 of the Noida property was completed subsequent to the reporting date on 13th October, 2026.
Looking ahead, Eveready remains focused on scaling up the Alkaline portfolio, building adoption of liquid vaporizers, and other rechargeable products. Higher input costs remain a watchpoint. The Company will continue to review pricing in line with input-cost movements while progressing the Jammu facility ramp-up.