Non-durable household product firm Eveready Industries India announced Q3FY23 results: 9MFY23: Revenues are up 11.7% YoY (excluding discontinued business) Operating EBITDA at Rs 109.1 crore; EBITDA margin at 10.5% PAT at Rs 42.0 crore; PAT margin at 4.0%. Commenting on the performance, Suvamoy Saha, Managing Director, said: “I am glad to share that we have sustained our performance momentum and delivered top-line growth during the period under review. This came in spite of challenging macroeconomic headwinds aggravated by continued forex and input cost pressures together with slower demand off-take. Our relentless focus on branding and communication as well as our drive to contemporize our route-to-market strategy will help us reach our consumers in a more efficient manner and drive growth. We have built our business on a solid foundation with core strengths in branding, innovation, and a widespread distribution network. We will use this to our advantage to tap and serve a niche, underserved categories where the market potential remains huge. Going ahead, we will meticulously work toward introducing new products to strengthen our product proposition with effective communication to distinguish the Eveready brand. We believe that we have all the right levers in place to demonstrate sustainable and profitable performance in the years to come.” Result PDF
FMCG company Eveready Industries India announced Q2FY23 results: Revenues up 10% YoY (excluding discontinued business) EBITDA at Rs. 43.0 crore; EBITDA Margin at 11.4% PAT at Rs.14.7 crore; PAT margin at 3.9% Commenting on the performance, Mr. Suvamoy Saha, Managing Director, said: “The performance was satisfactory despite sluggish demand in the wake of high inflation and a delayed/deficit monsoon. Eveready continues to reign in the heart of millions. We are meticulously pursuing a plan to enhance our business mix and towards that, we are in the process of revamping our go-to-market in all our key categories. Together with the strengths, we enjoy in the form of brand pull and distribution reach, we are staging new communication around our products and engaging with our core audience. Within the Management, we shall leave no stone unturned to realise the full potential of business within our chosen categories. The Management team will put the highest degree of accent on consumer engagement along with a healthy top-line improvement to put the company back on the growth track even if that means making a short-term sacrifices on profitability.” Result PDF
FMCG company Eveready Industries India announced Q1FY23 results: Revenues at Rs. 335.4 crore, higher by 19% YoY EBITDA at Rs. 42.1 crore, EBITDA Margin at 12.6% PAT at Rs. 21.9 crore, PAT Margin at 6.5% Commenting on the performance, Mr. Suvamoy Saha, Managing Director, said: "We are glad to have commenced the year on a positive note with a robust growth in revenues, at 19%. This performance was realised, despite the dallenges witnessed during the quarter on account of inflationary conditions. Given the strong recall enjoyed by 'Eveready' we are making all efforts to create momentum across business segments through an enhanced portfolio that will be supported by our core strengths i.e., sustained brand communication and effective distribution. Our reach has only become stronger over the years and the endeavour is to further strengthen this network. With some structural improvements made within the organisation, I believe we are well poised to create new standards across all our segments of business." Result PDF