Non-Durable Household Prod. company Eveready Industries India announced Q2FY25 results Revenues at Rs 362.4 crore, flat against Rs 364.9 crore in Q2FY24. Operating EBITDA at Rs 47.7 crore, higher by 3% and improvement of 50 bps YoY. Profit After Tax at Rs 29.5 crore, higher by 15.7% sand improvement of 110 bps YoY. Suvamoy Saha, Managing Director at Eveready Industries India, said: “We are pleased to report another quarter of sustained profitability, driven by 3% growth in EBITDA and 15.7% improvement in PAT in Q2FY25. This wassupported by higher traction in alkaline portfolio,strong growth momentum in rechargeable flashlights backed by strategic efforts towards premiumisation and new product launches. After gradual value moderation in lighting, volumes have started to rebound with renewed focus on high potential SKUs and scale up in newer channels like modern trade, e?comm. and institutional selling. Our commitment to effective communication through A&P; has contributed to brand enhancement, faster new product adoption, and customer engagement. We are making significant progress on our new alkaline battery plant, which will enable us to drive balanced growth by optimizing quality and costs. Our focus on empowering business leaders will cultivate a culture of innovation and effective decision? making, enabling teams to identify and pursue new growth niches. The road ahead appears promising as we expect positive impact of the revamped RTM. Result PDF
Non-Durable Household Products company Eveready Industries India announced Q1FY25 results: Revenues at Rs 349.4 crore down 3.9% YoY Operating EBITDA at Rs 49.8 crore, higher by 13.6%, EBITDA Margin of 14.2%, up 220 bps PAT at Rs 29.4 crore, an increase of 18.1% Commenting on the performance, Suvamoy Saha, Managing Director at Eveready Industries India, said: “We are off to a strong start this year, maintaining the momentum in operating metrics despite a high base impact. Both EBITDA and PAT surged by 13.6% and 18.1% respectively, with margins continuing to improve. Several key trends that fueled this success include premiumsation push, evidenced by sustained improvements in both value and volumes in Alkaline category, better seasonality traction in flashlights, and stable performance in lighting with focus on innovation and professional lighting. We are keeping our finger on the pulse of the market with a steady stream of innovative new products. By closely listening to customer needs through effective communication channels, we ensure our offerings resonate. Our strategic investment in A&P; is fueling brand awareness, driving sales, and propelling us towards market share leadership. We are excited about the balance of the year ahead. Early signs of success are already sprouting, and the full impact of our initiatives will be visible in the coming quarters.” Result PDF
Non-Durable Household products company Eveready Industries India announced Q4FY24 & FY24 results: Financial Highlights: Revenue: Revenues for FY24 were reported at Rs 1,314.2 crore, marking a slight decline of 1.0% from Rs 1,327.7 crore in FY23. Gross Margin: Gross margin significantly improved to Rs 567.8 crore in FY24, up by 13.3% from Rs 501.0 crore in FY23. Operating EBITDA: Operating EBITDA rose sharply by 27.4% to Rs 140.3 crore in FY24, compared to Rs 110.1 crore in FY23. Profit After Tax (PAT): PAT saw a substantial increase of 231.5%, with FY24 figures reaching Rs 66.7 crore, against Rs 20.1 crore in FY23. Gross Margin Percentage: Gross margin as a percentage of income increased to 43.2% in FY24 from 37.7% in FY23. Operating EBITDA Margin: Operating EBITDA margin widened to 10.7% in FY24, up from 8.3% in the previous fiscal year. PAT Margin: The PAT margin also improved, reaching 5.1% in FY24, a significant jump from 1.5% in FY23. Commenting on the performance, Suvamoy Saha, Managing Director at Eveready Industries India Ltd., said, "“We are glad to have ended the fiscal year 2024 on a robust note, achieving 27% and 232% growth in EBITDA and PAT respectively. This reflects our overall initiatives on driving premiumization, continuous innovation and efficiency enhancements. Revenue on the other hand remained moderated primarily due to weak rural demand impacting batteries and flashlights, and indutry-wide price deflation affecting the lighting segment. We believe this to be a temporary phenomenon and we remain optimistic that FY25 will see a turn around. Similarly, we maintain that while the transformation to a revamped RTM has caused ustemporary pain, it has been a good initiative to modernise the company and it will pay rich dividends in the times to come. Our initiatives beyond the traditional strength areas, for example, with the new range of ‘Ultima’ alkaline batteries, rechrageable flashlights and efforts on leveraging alternative channels, brought forth very encouraging results. Also, it is very encouraging to us that the battery segment (traditional batteries included) continued to hold on to a 53% plus market share. As for the coming times, we see each of our business categories, batteries, flashlights and lighting to provide the company with a strong growth momentum aided by the strong consumer franchise we have built up over the years offering quality products and services addressing consumer needs.” Result PDF