Eveready Industries Q3: Profit dives 42%; revenue, EBITDA see double-digit growth

Eveready Industries posted a mixed set of earnings for Q3 of FY26 on Thursday, February 5, with net profit down 42.3% year-on-year to ₹7.5 crore. The same for the year-ago period was ₹13 crore.

Revenue for the quarter ended December 31 rose 10% year-on-year to ₹367.2 crore from ₹333.5 crore, indicating steady topline growth. Battery remained the biggest contributor to revenue with ₹252.1 crore, which is up 62% year-on-year. This is followed by lighting (₹89.5 crore) and flashlights (₹35.5 crore), up 24% and 9%, respectively, for the quarter.

The company said demand remained steady across urban, rural, and mobility-led applications driven by core portable power categories.

Operating performance also improved, with EBITDA increasing 13.4% year-on-year to ₹33 crore, against ₹29 crore in the corresponding quarter last year.

The EBITDA margin widened marginally to 9% during the quarter, compared with 8.7% YoY — a modest improvement of 30 basis points despite the sharp decline in net profit.

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profit rises 9% YoY; margins soften despite strong revenue growth

In a regulatory filing, the company claimed it sells 1.3 billion dry cell battery annually.

Shares of the company closed 4.19% higher at ₹345.40 apiece on the NSE on February 5.

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