EVEREADY

Eveready Industries India share price & financials

Price
₹368.85
Market cap
₹2.6k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 10 Aug 2026

Eveready Industries India Limited Q1 FY27

Revenue ₹407.7 cr +9%EBITDA ₹61.5 cr EBITDA Margin 15.1% PAT ₹37 cr +22%

What went well

  • Revenue grew 9% YoY to INR 407.7 crores, marking the seventh consecutive quarter of YoY growth.
  • EBITDA margin stood at 15.1%, with PAT growing 22.3% YoY to INR 37 crores.
  • Alkaline battery portfolio achieved 48% volume growth, expanding market share to 18% within the alkaline sector.

What to watch

  • Overall flashlight business revenue declined by 6.7% due to soft demand and delayed monsoon.
  • Persistent geopolitical uncertainty, supply chain disruptions, and inflationary pressures on commodity markets (zinc, manganese dioxide) continued.
Read the full call →

What Eveready Industries India Limited does

Eveready Industries manufactures and markets dry-cell batteries, flashlights, and lighting/electrical products under the Eveready brand, first sold in India in 1905 by a company incorporated in 1934. It operates manufacturing plants across India, including a new dedicated greenfield alkaline-battery facility in Jammu, and sells through a pan-India distribution network of dealers and retail outlets. The company also runs a DSIR-approved in-house R&D facility supporting innovation across its battery, flashlight, and lighting categories.

Segments

  • Batteries
  • Flashlights
  • Lighting and Electricals
Market position
Market leader in India's dry-cell battery segment (~50%+ share)
Dry-cell batteries sold annually
1.3 billion+
Flashlights sold annually
18 million+
LED lights sold annually
34 million+
Manufacturing plants
7 plants across India (Matia-Assam, Lucknow, Noida, Haridwar, Maddur, Kolkata, plus new Jammu alkaline-battery plant)
Jammu alkaline battery plant capacity
360 million batteries/year (peak installed capacity)
Founded 1934 Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 2 delivered 3 missed 13 open
  • Jammu Alkaline Plant Commercial Operations delivered, diluted said Q3 FY25 Promised: Commence commercial production by the end of this calendar year [CY25]. Q1 FY27: Commercial production commenced on May 29, 2026.
  • Total Revenue Target went quiet said Q4 FY25 Promised: Rs. 1,800 crore by FY27 Q1 FY27: Management deflected request for long-term forecast, requesting 2-3 quarters time before giving one.
  • Noida Land Parcel Sale delayed said Q3 FY26 Promised: Time-bound monetization of Noida facility within the next 6 months (min INR 250 cr). Q1 FY27: Plot B1 executed, Plot B2 sale not yet completed but 'expecting to close shortly'. Original 6-month timeline missed for full amount.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 9.1%, net profit up 23.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue362 333 299 374 386 +7%367 +10%327 +9%408 +9%
EBITDA48 29 26 54 49 +2%33 +14%28 +8%61 +13%
Net profit30 13 10 30 -8 −127%7 −46%142 +1320%37 +23%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −18.7% 1Y

₹250₹300₹350₹400₹450Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 10 Aug 2026

1Y: ₹446.75 on 10 Sept 2025 → ₹363. High ₹446.75 (10 Sept 2025), low ₹262.65 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.7%
10 Aug
Q4 FY26
+2.5%
30 Apr
Q3 FY26
−1.0%
6 Feb
Q2 FY26
−1.9%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 3.1% a year over 3 years, FY23 to FY26. Operating margin widened to 11.3%.

Year endingFY23FY24FY25FY26
Revenue₹1.3k Cr₹1.3k Cr₹1.3k Cr₹1.5k Cr
Operating profit₹110 Cr₹141 Cr₹153 Cr₹164 Cr
Operating margin8.3%10.7%11.4%11.3%
Interest₹57 Cr₹32 Cr₹26 Cr₹20 Cr
Depreciation₹28 Cr₹30 Cr₹30 Cr₹30 Cr
Net profit₹20 Cr₹66 Cr₹82 Cr₹171 Cr
Net margin1.5%5.0%6.1%11.8%
ROCE12.0%16.0%17.0%17.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹36 Cr₹36 Cr₹36 Cr₹36 Cr₹36 Cr₹36 Cr
Reserves₹213 Cr₹259 Cr₹280 Cr₹347 Cr₹436 Cr₹582 Cr
Borrowings₹447 Cr₹396 Cr₹398 Cr₹307 Cr₹357 Cr₹202 Cr
Other liabilities₹333 Cr₹257 Cr₹270 Cr₹270 Cr₹331 Cr₹389 Cr
Total liabilities₹1.0k Cr₹948 Cr₹985 Cr₹960 Cr₹1.2k Cr₹1.2k Cr
Fixed assets₹314 Cr₹305 Cr₹310 Cr₹293 Cr₹303 Cr₹276 Cr
Capital work in progress₹3 Cr₹4 Cr₹1 Cr₹8 Cr₹128 Cr₹176 Cr
Investments₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹8 Cr₹3 Cr
Other assets₹702 Cr₹629 Cr₹663 Cr₹649 Cr₹722 Cr₹754 Cr
Total assets₹1.0k Cr₹948 Cr₹985 Cr₹960 Cr₹1.2k Cr₹1.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.23 pp while FIIs added +0.48 pp. The shareholder count shrank 10% to 62,890.

Promoters
43.6%
FIIs
5.4%
DIIs
2.8%
Public
48.1%

Since Jun 2025

  • Public −1.23 pp
  • FIIs +0.48 pp
  • Promoters +0.41 pp

How it drifted, 12 quarters

Over this window the public fell from 53.4% to 48.1% — −5.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 43.2%, FIIs 0.5%, DIIs 2.9%, Public 53.4%.Dec '23: Promoters 43.2%, FIIs 0.5%, DIIs 2.5%, Public 53.8%.Mar '24: Promoters 43.2%, FIIs 3.6%, DIIs 2.7%, Public 50.5%.Jun '24: Promoters 43.2%, FIIs 3.7%, DIIs 2.6%, Public 50.5%.Sep '24: Promoters 43.2%, FIIs 3.9%, DIIs 2.6%, Public 50.3%.Dec '24: Promoters 43.2%, FIIs 4.2%, DIIs 2.8%, Public 49.8%.Mar '25: Promoters 43.2%, FIIs 4.9%, DIIs 2.6%, Public 49.3%.Jun '25: Promoters 43.2%, FIIs 5.0%, DIIs 2.5%, Public 49.4%.Sep '25: Promoters 43.2%, FIIs 5.2%, DIIs 2.7%, Public 48.9%.Dec '25: Promoters 43.2%, FIIs 5.0%, DIIs 2.8%, Public 49.0%.Mar '26: Promoters 43.2%, FIIs 5.3%, DIIs 2.8%, Public 48.8%.Jun '26: Promoters 43.6%, FIIs 5.4%, DIIs 2.8%, Public 48.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Eveready Industries India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
M B Finmart Private Limited 11.81%unchanged
Puran Associates Private Limited 11.56%unchanged
Vic Enterprises Private Limited 11.55%unchanged
Theleme India Master Fund Limited FPI fund4.31%unchanged
Icm Finance Pvt Ltd 3.29%unchanged
Gladiator Vyapaar Private Limited 3.09%unchanged
Progressive Star Finance Private Limited 2.56%unchanged
Tata Mutual Fund- Tata Small Cap Fund Mutual fund2.44%unchanged
Gyan Enterprises Pvt Ltd 2.35%+0.40 pp
Mcleod Russel India Limited 2.29%unchanged
Anjana Projects Private Limited 2.27%unchanged
Nexome Reality Llp 1.65%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Eveready Industries India Limited

Guides on how to read this kind of business and the numbers that matter.