Eveready Industries, a major player in the dry cell battery industry, announced a whopping 30% year-on-year growth in its consolidated net profit, hitting ₹10.42 crore for the fourth quarter of the last fiscal year. This significant increase was fueled by a revenue growth of over 6% year-on-year during the same period. The company, headquartered in Kolkata, saw its net profit for the fourth quarter of the financial year 2023-24 reach ₹8.02 crore. Additionally, its revenue from operations climbed to ₹299.04 crore for Q4FY25, up from ₹280.90 crore for Q4FY24, according to a stock exchange filing.
In a statement, Eveready Industries attributed the revenue growth to a strong performance in its Batteries segment. However, the Lighting business continued to struggle with industry-wide value erosion, despite some key segments showing underlying volume growth. The company faced challenges from high raw material costs, particularly zinc, and adverse foreign exchange movements. Nevertheless, it managed to deliver a strong EBITDA performance.
Suvamoy Saha, the Managing Director of Eveready Industries India, expressed satisfaction with the company’s performance, stating, “FY25 has been a year of significant progress for Eveready as we completed the planned transformation of our route-to-market, creating a more responsive and efficient operation well-suited to the evolving landscape. Despite a dynamic operating environment with modest improvements in consumer spending, we have maintained strong performance with a keen focus on profitability.”
Following the recommendation of its Nomination and Remuneration Committee (NRC), the company’s board of directors appointed Anirban Banerjee as Chief Executive Officer, effective May 10, 2025. Banerjee, who currently serves as Senior Vice President & SBU Head (Batteries, Flashlights & Lighting), will now lead the company in its future endeavors.
The financial success of Eveready Industries highlights the resilience and adaptability of the company in the face of various challenges. The growth in revenue and profitability showcases the effectiveness of the strategies implemented by the management team. Despite the hurdles posed by raw material costs and foreign exchange fluctuations, Eveready Industries has managed to stay on course and achieve impressive financial results.
As the company looks towards the future, the appointment of Anirban Banerjee as the new CEO signals a fresh chapter in Eveready’s journey. His experience and expertise in the Batteries, Flashlights & Lighting segments position him well to lead the company to further success. With a focus on innovation and efficiency, Eveready Industries is poised to continue its growth trajectory in the coming years.
Overall, Eveready Industries’ latest financial report reflects a positive outlook for the company and its stakeholders. Despite the challenges faced in the market, the company’s strategic decisions and operational efficiency have proven to be effective. With a new CEO at the helm and a strong foundation to build upon, Eveready Industries is well-positioned for continued growth and success in the future.