Eveready Industries India Ltd
Eveready FY26: Revenue INR 1455.4 crore (+8.2% YoY), alkaline facility operational
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 30 Apr 2026, 04:18 PM IST · BSE ID: 76d733e7-3c27-4ccf-9af7-59527af10aad
View Original BSE Filing (PDF)
💡
In Simple Terms
Eveready posted 8.2% annual revenue growth and opened a new premium battery factory in Jammu to reduce import reliance.
🤖 AI Summary
- FY26 consolidated revenue INR 1455.4 crore, +8.2% YoY from INR 1344.5 crore FY25
- Q4 FY26 revenue INR 327.2 crore +9.4% with sixth consecutive quarter of growth
- India's only operational alkaline facility commissioned in Jammu on 22nd April 2026
- EBITDA margin stable at 11.5% FY26 vs 11.4% FY25 despite input cost pressures
- FY26 PAT INR 171.5 crore including INR 48.6 crore exceptional gain; dividend INR 2.50/share recommended
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Consolidated Revenue
INR 1455.4 crore
+8.2%
Q4 FY26 Consolidated Revenue
INR 327.2 crore
+9.4%
FY26 EBITDA Margin
11.5%
+0.1 percentage points
FY26 Profit After Tax
INR 171.5 crore
+108.3%
Q4 FY26 EBITDA
INR 28.7 crore
+10.7%
Q4 FY26 Alkaline Growth
+82%
Dry Cell Market Share
52%+
Debt Reduction FY26
INR 100+ crore
Recommended Dividend
INR 2.50 per share
🏢 How This Affects the Company
Alkaline segment grew 82% in Q4 FY26 and now approaches 20% market share, signalling successful premiumization. Dry cell maintains 52%+ leadership. New Jammu facility strengthens manufacturing footprint across six locations and reduces import dependence for alkaline batteries.
FY26 EBITDA margin held at 11.5% despite input cost headwinds through calibrated pricing and cost governance. Debt reduced by over INR 100 crore during FY26. Exceptional gain of INR 48.6 crore boosted PAT to INR 171.5 crore.
Jammu alkaline facility commissioned as India's only operational alkaline manufacturing plant. Six manufacturing facilities now operational: Matia, Lucknow, Haridwar, Maddur, Kolkata, and Jammu. Enhanced capacity supports scale and efficiencies across battery, flashlight, and lighting segments.
Input cost pressures ongoing but mitigated by pricing actions and forex hedging. Expansion capex for new facility increases leverage profile, though debt reduction of INR 100+ crore during FY26 demonstrates paydown discipline. No new risks introduced by this filing.
👥 What This Means For Shareholders
✅
Action Required
Attend AGM to vote on INR 2.50 per share dividend approval; ensure shares held before record date announcement.
👤
Who Is Affected
All equity shareholders receive dividend of INR 2.50 per share if approved at AGM. Timing and record date to be announced separately.
🔍
Management Signal
Dividend continuation and debt paydown while investing in new capacity signals confidence in cash generation and disciplined capital deployment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
AGM date and dividend record date announcement — confirms shareholder distribution timing.
Q1 FY27 results — verify if margin improvement sustains beyond Q4 FY26 momentum.
Jammu facility ramp-up metrics — track alkaline capacity utilization and contribution to consolidated EBITDA.
MEDIUM RISK
Input cost pressures persist. Core PAT profit heavily dependent on exceptional gains. Alkaline facility capex and market share gains timing remain execution-dependent.
💡 Investor Takeaway
FY26 revenue INR 1455.4 crore +8.2% YoY with EBITDA margin stable 11.5%. Jammu alkaline facility now operational—India's only such plant. Alkaline segment grew 82% Q4 FY26, approaching 20% mix. Debt cut INR 100+ crore. Board recommends INR 2.50/share dividend pending AGM.
⚖️ Strengths & Concerns
✅ Positives
- Q4 alkaline battery growth of 82% demonstrates strong premiumization traction and segment momentum gains.
- Debt reduction of INR 100+ crore in FY26 while commissioning new capacity shows disciplined capital allocation.
⚠️ Concerns
- EBITDA margin improvement marginal (11.4% to 11.5%) despite revenue growth, indicating cost pressures persist.
- PAT of INR 171.5 crore heavily reliant on INR 48.6 crore exceptional gain; core operating earnings lower.
📅 Company Track Record
Eveready founded 1934, products sold in India since 1905. Company maintains 52%+ dry cell battery market share and is India's household name in batteries. Over 100-year legacy. Six manufacturing facilities across India with ISO 9001 and ISO 14001 certifications.
Based on publicly available historical data. For context only.