Exide Industries Limited (EIL) is a leader in storage battery business with a market share of 60% in India. Its segment includes automotive & industrial batteries and holds 86% market share in the 2W space. Amid challenging business environment, Exide posted a revenue growth of 16%YoY led by pend up demand from the Auto manufactures & strong aftermarket sales EBITDA was above estimates, at Rs.403cr (23% YoY) with margin of 14.4% (+90bps YoY) led by cost optimisation....