Eveready Industries India Limited (EVEREADY) Q2 FY27 Financial Results: PAT ₹37 & Revenue ₹407.7 Cr(2 announcements)

Investor Takeaways

Overall Tone: Neutral

Key Financial Highlights

What Changed

Eveready Industries reported consolidated revenue of ₹407.7 crores for Q1 FY27, reflecting a 9% year-on-year increase from ₹374.1 crores. Net profit rose 22.3% to ₹37.0 crores, driven by growth in battery and lighting segments. EBITDA stood at ₹61.5 crores with a stable margin of 15.1%. The company highlighted continued momentum in core product categories despite ongoing commodity inflation pressures. Management indicated expectations of sustained growth through product portfolio expansion and efforts to maintain margin discipline.

Peer Comparison

Eveready trades at a lower P/E multiple compared to HUL and Nestle, but significantly below ITC, suggesting relative valuation differences within the FMCG space.

Risks & Concerns

Quarterly Trend

The company’s revenue growth accelerated in Q1 FY27 to 9% YoY, up from mixed performance in prior quarters. Profitability improved significantly in Q1 FY27 with net profit rising to ₹37.0 crore, though OPM of 15.1% remains below the 13.18% recorded in Q2FY25 and is consistent with the company’s stated focus on margin stability. The sharp rise in profit in Q2FY25 (₹29.56 crore) was an outlier, making Q1 FY27’s growth more sustainable in context.

Investor Takeaways

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

What Changed

Eveready Industries India Limited reported Q1 FY27 revenue of ₹407.7 crores, reflecting a 9.0% year-on-year increase. The growth was attributed to rural demand and new product launches, including patent-applied portable liquid vaporizers and hybrid flashlights. Profit After Tax (PAT) rose 22.3% YoY to ₹37.0 crores, with a net profit margin of 9.1%. The company commenced operations at its newly established Jammu manufacturing facility during the quarter. Battery segment performance showed strong growth, with 56% growth in alkaline and 8% in carbon zinc volumes. The investor presentation, containing detailed disclosures, is available on the company’s official website.

Peer Comparison

Eveready’s P/E ratio of 29.03 is lower than Hindustan Unilever and Nestle India but higher than ITC, suggesting moderate valuation relative to peers in the FMCG space.

Risks & Concerns

Quarterly Trend

The company’s revenue in Q1 FY27 (₹407.7 Cr) shows growth compared to Q4FY24 (₹280.9 Cr), though profit levels were lower than the previous quarter’s ₹29.56 Cr PAT. OPM in Q1 FY27 was 9.1%, in line with Q4FY24 but below the margins seen in Q2 and Q1 of FY25.

CRITICAL: If quarterly trend data is not provided in the context, do NOT include the Quarterly Trend section at all. Never fabricate quarterly numbers.

Note: Quarterly trend data was provided in the context and has been included as per instructions.

About Eveready Industries India Limited (EVEREADY)

Fast Moving Consumer Goods · Household Products · Listed on NSE

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