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. Q1FY22 revenue grew by 61% YoY primarily due to lower base and strong growth from the Aftermarket & UPS segment. As a result, EBITDA margin expanded by 90bps YoY. Despite 20% increase in the lead price for the quarter stringent cost control measure led the PAT to grew by 185% YoY....