Eveready Inds.

Q4 FY26Household Products

Eveready Inds. Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹349

Market cap₹2.6K Cr

P/E16.3

Updated23 Aug 2026

Read4 min read

The short version

Alkaline battery volumes expected to double, growing at over 20% CAGR, becoming 1/3 of the overall battery segment in India over 5-10 years (Page 6, 12, 13). FY '26 saw revenue growth of 8.2% and EBITDA growth of 8.9%, with an 11.5% EBITDA margin.

From Eveready Inds.'s Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Alkaline battery volumes expected to double, growing at over 20% CAGR, becoming 1/3 of the overall battery segment in India over 5-10 years (Page 6, 12, 13).
Zinc battery volumes expected to remain flat or grow low single digits; some cannibalization by alkaline segment anticipated (Page 12, 13).
Flashlight and lighting segment showed steady growth (~3% to 8.1%) with focus on premium/rechargeable products; expected to contribute about 12%-23% of total mix; growth sustained and considered sustainable (Page 4, 10, 13).
Jammu alkaline battery plant to ramp up to ~30% utilization by year-end, producing 100+ million units in first year, supporting growth, margins, and market share (Page 4, 5, 6).
Adjacent categories like mosquito racquets, power banks, and chargers expected to expand (Page 4).
Overall volume drivers remain alkaline batteries and premiumization across categories (Page 13).
FY '27 seen as an important year of optimization with growth acceleration (Page 4).

Profitability & Margins

FY '26 saw revenue growth of 8.2% and EBITDA growth of 8.9%, with an 11.5% EBITDA margin.
FY '27 expected as a year of optimization with Jammu plant ramp-up, stronger alkaline battery penetration, and premiumization.
The alkaline battery segment is growing at 20%+ CAGR and is expected to become one-third of the battery market in 5-10 years.
Breakeven for the Jammu plant's payback expected in 5-6 years; operational breakeven potentially from year 1 due to scale.
The company aims to maintain EBITDA margins similar to FY '26 (~11.5%) despite commodity cost volatility.
Debt reduction remains a priority to improve financial flexibility, supporting strategic growth and margin expansion.
Expansion in adjacencies like mosquito racquets and power banks expected to aid earnings.
Overall, management is confident about sustainable growth, margin discipline, and long-term value creation.

See what Eveready Inds. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- The Jammu facility, which is the only alkaline battery plant in India, was commissioned recently with commercial production starting shortly; it supports manufacturing of alkaline batteries, zinc batteries, flashlights, and lighting products. - The company has completed the exit from the Noida plant and optimized manufacturing units. - Capital expenditure beyond routine capex is not anticipated in the current financial year. - The company expects to realize around INR90 crores from the pending Plot B2 land sale at Noida, proceeds which will be used primarily for debt reduction. - The Jammu plant's break-even at the plant payback level is expected in 5-6 years; operationally, it is near breakeven from year one. - The plant is positioned for future growth and margin improvement, aligned with the alkaline segment growth. No major new capex or strategic investment beyond the Jammu facility and routine maintenance is indicated for the current year.

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Fundraising & Capital Structure

The company does not anticipate any additional capital expenditure beyond routine capex in the near term.
They have already received INR44 crores advance for Plot B2 and expect to receive the balance INR90+ crores in the current year.
Proceeds from the sale of Plot B (Noida land transactions) amounting to a total of INR251 crores will be primarily utilized for debt reduction.
The management's first preference with these proceeds is to reduce borrowings significantly.
The company has a clear objective to continue debt reduction; they reduced debt by more than INR100 crores in the current fiscal year and aim to further reduce debt in FY '27.
No mentions of new fundraising through equity were noted in this call or document excerpts.

See what Eveready Inds. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not contain any specific details regarding Eveready Industries India Limited's current or expected order book or pending orders. The discussions primarily focus on: - Manufacturing updates, especially related to the Jammu facility. - Sales proceeds from asset sales (Noida land, Plot B1 and Plot B2). - Volume growth expectations for battery categories. - Cost management and pricing strategies. - Debt reduction initiatives. - Market positioning and future growth outlook. No explicit mention or data about order book size, value, or pending orders were discussed in the transcript. For detailed and updated information on order book or pending orders, it is advisable to contact the company's Investor Relations team directly.

Eveready Inds. — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹327 Cr, net profit ₹142 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Eveready Industries India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Eveready Inds. Q4 FY26 results?

What is Eveready Inds. share price analysis?

Eveready Inds. currently shows a neutral. The stock trades at a P/E of 16.3 with a market cap of ₹2,591 Cr. Investors should review the full earnings analysis for detailed insights.

Is Eveready Inds. planning capital expenditure?

The Jammu facility, which is the only alkaline battery plant in India, was commissioned recently with commercial production starting shortly; it supports manufacturing of alkaline batteries, zinc batteries, flashlights, and lighting products.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.