Q1 2026 Eveready Industries India Ltd Earnings Call Transcript
Key Points
- Eveready Industries India Ltd (BOM:531508) reported a 7% overall revenue growth, driven by strong trends in batteries and flashlights.
- The company achieved a significant increase in market share for its alkaline battery segment, reaching 15.3%, up from 9.6% in June 2024.
- The development of a greenfield facility in Jammu is on target, which will enhance competitiveness and support aggressive market share growth.
- The rechargeable flashlight segment showed impressive growth of 39% year-on-year, with expectations for continued double-digit growth.
- The company has maintained gross margins at a comfortable range through cost efficiencies and strategic hedging, despite volatile zinc prices.
- Discretionary purchasing remained subdued, and rural demand showed a slow recovery, impacting overall consumer demand.
- The lighting segment faced challenges with continuing price erosion, which muted value growth despite robust volume expansion.
- An exceptional charge of INR7.07 Crores was incurred for non-recurring ex gratia payments to workmen, impacting short-term financials.
- The company is still entangled in arbitration proceedings related to past borrowings, although a settlement has been reached.
- The cash balance has been relatively low, raising concerns about liquidity and potential capital raising needs in the near future.
Ladies and gentlemen, good day and welcome to the Eveready Industries India Q1 FY 26 and it's conference call. As a reminder, all participant lines will win the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal not by pressing, then 0 on a dash and phone.
Please note that this conference has been recorded. I now have the conference over to Mr. Siddharth from CDR India.
Thank you and over to you, sir.
Thank you, Muskan, good afternoon, everyone, and welcome to Eveready Industry India Limited quarter 1 and FY 26 earnings conference call. Today we are joined by senior members of the management team, including Mr.
You are my Saha managing director, Mr. Anirvan Banerji, CEO, Mr. Vivek Akarbala, executive director and Chief Financial Officer, and Mr. Aniran Ghosh, GM Finance and head of investor relations. Before we commence, let me share a standard disclaimer. Some of the
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