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Revenue
₹327 Cr
verified against source
Revenue YoY
8.2%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Eveready Industries reported FY26 revenue growth of 8.2% and EBITDA growth of 8.9%, with EBITDA margin at 11.5% despite significant zinc cost inflation. The battery segment grew 9.3%, driven by alkaline volumes growing >20% CAGR, now 10% of battery sales. The Jammu alkaline battery plant was commissioned (peak capacity 360M units), with first-year production target >100M units, expected to improve margins as it replaces imports. Management guided for stable EBITDA margins around 11.5% in FY27 despite continued zinc headwinds, supported by pricing actions and cost controls. Debt was reduced by >₹100 crore, with further reduction expected from Noida land sale proceeds (~₹250 crore). Key risk: sustained zinc price inflation could pressure margins if further pricing actions are delayed.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to maintain similar EBITDA margins as FY26 (11.5%) despite zinc cost headwinds, supported by pricing and cost controls.
- The new alkaline battery plant is expected to produce over 100 million units in its first year of operations, with commercial production starting in Q1 FY27.
- Management targets exiting FY27 with 20% market share in alkaline batteries, up from ~16% currently.
- Debt will be reduced further using ~₹250 crore proceeds from Noida land sales, with ~₹95 crore expected in FY27.
Risks flagged
- Zinc costs have risen steeply and may continue, pressuring margins if further pricing actions are delayed or not fully passed through.
- West Asia crisis could lead to higher crude-linked inflation and supply chain disruptions, impacting input costs and demand.
- If geopolitical tensions persist beyond Q1, the nascent urban demand revival could reverse, affecting revenue growth.
- The plant's payback period is 5-6 years; slower ramp-up or lower-than-expected utilization could delay margin benefits.
Key quotes
- The very movement allows some amount of margin decompression to happen. And as the plant starts improving in its overall production and absorbs those overheads, the margins will continue to improve over the next few years.
- Given the kind of cost pushes that we are seeing and especially the last month of cost ambiguity... If this ambiguity continues over this quarter as well, we may then need to look at the pricing again somewhere in quarter two.
- We are currently holding about 16% market share and about a year back it was less than 10%. So we will continue to grow in that direction. My sense is sometime you know exit of next year we should be looking at exiting with 20% share.
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