Q1 2025 Eveready Industries India Ltd Earnings Call Transcript
Key Points
- Eveready Industries India Ltd (BOM:531508) reported satisfactory profitability with EBITDA and PAT increasing by 14.2% and 18.5%, respectively.
- The company is investing INR180 crores to set up an alkaline battery plant with a capacity of 360 million units, indicating a strong focus on future growth.
- Eveready Industries India Ltd (BOM:531508) holds a significant market share of over 53% in the battery segment, with a notable 67% increase in value terms for alkaline batteries.
- The LED lighting segment showed positive EBITDA at 3.1%, reversing a breakeven situation from the previous year.
- The company is actively expanding its distribution channels, including modern retail, e-commerce, quick commerce, and institutional sales, to boost growth in the coming quarters.
- Revenue for Q1 FY25 was INR349.4 crores, down from INR363.6 crores in the same period last year, indicating a decline.
- The carbon zinc battery segment, which constitutes nearly 90% of the battery market by value, remained muted due to weak rural demand.
- The battery-operated flashlight revenue degrew by 3%, reflecting a slowdown compared to the previous year's trends.
- The lighting segment showed only marginal growth of 1.4% in revenue due to value erosion, despite volume growth in various categories.
- The company faced challenges in revamping its distribution network, which impacted operations, although these issues are being addressed.
Ladies and gentlemen, good day, and welcome to Q1 FY25 earnings conference call of Eveready Industries India Limited. (Operator Instructions). Please note that this conference is being recorded. I now hand the conference over to Mr. Nishid Solanki from CDR India.
Thank you. Good afternoon, everyone, and welcome to Eveready Industries India's Q1 FY25 earnings conference call. Today, we are joined by senior members of the management team, including Mr. Suvamoy Saha, Managing Director; Mr. Bibek Agarwala, Executive Director and Chief Financial Officer.
Before we begin the call, let me first share a standard disclaimer. Some of the statements that may be made on today's conference call could be forward-looking in nature, and the actual results could vary from these forward-looking statement. A detailed statement in this regard is actually available in the press release document which has been circulated to you earlier and also available on stock exchange website.
I would now like to invite Mr. Saha
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