Eveready Industries delivered robust first quarter results for FY27, with net profit surging 21.3% year-on-year to ₹37 crore compared to ₹30.2 crore in Q1 FY26. According to the latest exchange filing, the company's revenue from operations grew 9% to ₹408 crore from ₹374 crore in the previous year. The strong performance came despite continued pressure from inflation in zinc, other raw materials and foreign-exchange-linked inputs. As reported by multiple sources, the company credited its profitability to strategic pricing actions, effective procurement, forex management, and disciplined cost practices.
The battery segment emerged as the key growth driver, recording 11.9% revenue growth during the quarter. As reported by CNBC TV18, alkaline battery volumes increased by around 48%, while carbon zinc volumes returned to growth of approximately 1%. The company attributed this performance to strong alkaline battery demand and recovery in carbon zinc batteries. The Jammu facility, described as India's only operational alkaline battery facility, has also commenced commercial production, aimed at supporting import substitution and manufacturing localisation. According to the latest reports, this plant aims to promote import substitution and local manufacturing, anticipating long-term cost advantages and operational leverage as utilization increases.
The flashlight segment showed mixed results, with revenue from rechargeable flashlights growing more than 20% reflecting higher adoption of rechargeable products. However, overall segment revenue declined around 6.7%, mainly due to the delayed onset of the monsoon affecting seasonal demand for conventional battery-operated flashlights. According to CNBC TV18, the lighting segment grew 13.7%, supported by volumes across LED bulbs, emergency lighting and accessories, with price erosion showing signs of moderation during the quarter. As reported by multiple sources, the lighting segment saw a 13.7% increase, driven by strong sales of LED bulbs, emergency lighting, and accessories, with price erosion in this segment appearing to be stabilizing during the quarter.
The company demonstrated significant operational improvements with EBITDA increasing 14% to ₹61.2 crore from ₹53.7 crore in Q1 FY26. Most notably, EBITDA margin expanded to 15% in Q1 FY27 from 14.3% in the previous year, representing an improvement of 70 basis points. This margin expansion reflects the company's focus on operational efficiency and cost management initiatives. The quarterly numbers point to continued growth in Eveready's profitability, along with an improvement in operating margins compared with the year-ago period, demonstrating the effectiveness of the company's strategic initiatives.
