Non-Durable Household Products company Eveready Industries India declares Q3FY22 result: The current quarter experienced strong headwinds in all categories of the Company's businesses. The battery category saw an unprecedented cost push exceeding 20% in the quarter (scaling up to 30% in Quarter 4), necessitating increase of prices to the market, resulting in market resistance. Also, high level of inflation and lower usage of COVID related home devices resulted in lower consumption. The flashlights category continued to suffer on account of dumped imports from China. The Lighting & Electrical category could not scale up to the level planned. Measures to reach such growth - in correcting earlier supply chain issues & marketing initiatives took longer than expected time. Also, the Company stopped selling all unremunerative and low margin appliances which resulted in a drop in turnover. As a result of the above, turnover during the quarter was lower by 4% and Gross margin and EBIDTA percentages came down by 8% and 7% respectively. Result PDF