Eveready Industries Q4 net up 30%, appoints Anirban Banerjee as CEO

Dry cell battery major Eveready Industries on Friday reported around a 30 per cent year-on-year growth in its consolidated net profit, reaching ₹10.42 crore for the fourth quarter of the last fiscal, as its revenue grew over 6 per cent year-on-year during the period.

The Kolkata-based company’s net profit for the fourth quarter of the financial year 2023-24 stood at ₹8.02 crore. Its revenue from operations rose to ₹299.04 crore for Q4FY25, up from ₹280.90 crore for Q4FY24, according to a stock exchange filing.

The company, in a statement, said the growth in revenue during the period was primarily driven by robust performance in its Batteries segment, whereas the Lighting business continued to face industry-wide value erosion, although key segments showed underlying volume growth.

Despite high raw material costs (primarily zinc) and adverse foreign exchange movements creating a challenging environment, the company delivered a strong EBITDA performance, it said.

Commenting on the performance, Suvamoy Saha, Managing Director of Eveready Industries India, said, “FY25 has been a year of significant progress for Eveready as we completed the planned transformation of our route-to-market, creating a more responsive and efficient operation well-suited to the evolving landscape. Despite a dynamic operating environment with modest improvements in consumer spending, we have maintained strong performance with a keen focus on profitability.”

Based on the recommendation of its Nomination and Remuneration Committee (NRC), the company’s board of directors appointed Anirban Banerjee, currently serving as Senior Vice President & SBU Head (Batteries, Flashlights & Lighting), as Chief Executive Officer, effective May 10, 2025.

Published on May 9, 2025