Eveready Industries Sees 56% Profit Surge in Q3 FY25 Results

Eveready Industries India Limited has announced its financial results for the third quarter and nine months ended December 31, 2024.

Q3 and 9M FY 2025 Financial Highlights

For Q3 FY25, the company reported a total income from operations of ₹333.3 crore, reflecting a growth of 9.4% compared to ₹304.8 crore in Q3 FY24. For the 9-month period ending in FY25, the total income from operations stood at ₹1,045.1 crore, marking a growth of 1.1% from ₹1,033.3 crore in the same period of FY24.

The company stated that the growth was primarily fueled by strong performance in Batteries and Flashlights. Alkaline Batteries maintained strong momentum, while Carbon Zinc showed signs of healthy recovery. Rechargeable Flashlights also gained traction, driven by improved sales across a broader product range. However, growth in the Lighting segment moderated due to ongoing value erosion, along with increased competitive activity and pricing pressures.

The operating EBITDA for Q3 FY25 was ₹29.2 crore, showing an increase of 18.7% from ₹24.6 crore in Q3 FY24. For the 9 months of FY25, the operating EBITDA reached ₹126.7 crore, up by 10.4% compared to ₹114.8 crore in the corresponding period of FY24.

The company’s profit after tax (PAT) surged by 56.0% in Q3 FY25, reaching ₹13.1 crore, compared to ₹8.4 crore in Q3 FY24. Over the 9-month period, PAT stood at ₹71.9 crore, reflecting a growth of 22.5% from ₹58.7 crore in the same period of the previous fiscal year.

Management Commentary

Commenting on the performance for the quarter, Managing Director at Eveready Industries India Ltd, Mr Suvamoy Saha, said, “This quarter, as we continue our journey of driving efficiencies in distribution and we achieved 9.4% revenue growth, driven by healthy recovery of Zinc batteries and robust traction in alkaline batteries (11% market share in Q3 FY25 vs. 6%+ in Q3 FY24), sustained momentum in rechargeable flashlights, and contributions from newly launched products.”

He further stated that despite facing challenges such as raw material price volatility and foreign exchange fluctuations, the company achieved strong profitability in Q3 FY25, with EBITDA and PAT increasing by 18.7% and 56.0% year-over-year, respectively. This performance was bolstered by ongoing investments in brand building, including strategic advertising campaigns across electronic, print, and below-the-line channels.

“Further to our strategic investment in a new greenfield production facility for alkaline batteries, as a part of our ‘Make In India’ initiative the Company has acquired land at Jammu for the construction of the proposed facility. As previously outlined, we anticipate commissioning this facility in the second half of FY26. Going forward we will expand our base in B2B and OEM segments along with a robust distribution network across B2C categories,” added the Managing Director.

Furthermore, the company is actively expanding its Electrical Outlet Division (EOD) by recruiting new dealers to strengthen market penetration and effectively showcase its range of product offerings, including consumer luminaires. Looking ahead, the company expects its growth trajectory to continue, driven by strong momentum in key product categories and ongoing marketing investments aimed at boosting consumer engagement.

On February 6, 2025, Eveready Industries India share price opened at ₹356.00, touching the day’s high at ₹361.45, as of 10:23 AM on the NSE.

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