Q3 2026 Eveready Industries India Ltd Earnings Call Transcript
Key Points
- Eveready Industries India Ltd (BOM:531508) reported its fifth consecutive quarter of revenue growth, with a 10.1% increase in revenue and a 13% rise in EBITDA.
- The batteries business, a core segment, grew by 11.1% in Q3, driven by strong performance in both zinc and alkaline batteries.
- The company expanded its retail presence to 4.7 million outlets, reflecting a 3% growth compared to the previous year.
- The Jammu alkaline battery facility is on track for completion, expected to improve margins by 10% and enhance supply chain resilience.
- The company successfully managed elevated zinc prices and currency fluctuations through effective hedging and disciplined cost controls.
- Gross margins fell by 150 basis points year-on-year due to higher input costs, particularly zinc and dollar prices, outpacing price increases.
- The flashlight segment experienced softness, particularly in battery-operated categories, affecting overall performance.
- The company faces ongoing challenges with volatile global commodity markets, impacting input costs.
- There is uncertainty regarding the monetization timeline and financial impact of the Noida land parcel divestment.
- The company is still awaiting government approval for GST-linked incentives for the Jammu facility, which could impact financial projections.
Ladies and gentlemen, good day and welcome to the Eveready Industries India Limited Q3 and 9-month FY26 (Operator Instructions).
And now in the conference, Ms. Manasi Bodas from Adfactors Thank you and over to you, Manasi.
Thank you, Neerav. Good evening, everyone and welcome to Eveready Industries India Limited Q3 FY '26 Earnings Conference Call. Today, we are joined by senior members of the management team, including Mr. Anirban Banerjee, Chief Executive Officer; Mr. Bibek Agarwala, Executive Director and Chief Financial Officer; and Mr. Anirban Ghosh, GM, Finance and Head of Investor Relations.
Before we commence, let me share a standard disclaimer. Some of the statements that may be made on today's conference call may be forward-looking in nature and the actual results could vary from these forward-looking statements. A detailed communication in this regard is available in the earnings presentation that has been circulated to you earlier and also available on the Stock Exchange
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