Eveready Industries India Limited, incorporated in 1934, is one of India's leading manufacturers of dry cell batteries and has maintained its presence in the Indian market since 1905. The company dominates the Indian battery segment with over 50% market share in dry cell batteries and holds an impressive 85% market share in flashlights. Eveready is recognized as the world's third-largest producer of carbon zinc batteries, selling more than a billion units annually.
The company operates under a single business segment known as Consumer Goods, manufacturing and marketing dry cell and rechargeable batteries, flashlights, lanterns, packet tea, LED bulbs and luminaries, mobile power banks, rechargeable fans, radio, and small home appliances. These products are marketed under well-known brands including Eveready, Powercell, Uniross, and Shakti.
The company's contemporary product portfolio extends beyond batteries to include flashlights, consumer lighting, professional lighting solutions, and electrical accessories. Eveready batteries are known for their powerful, reliable, and durable performance, combining years of experience with the latest technology, while their flashlights are trusted for powerful illumination and unique features.
Eveready operates manufacturing facilities across strategic locations in India, including Goalpara (Assam), Lucknow, Noida, Haridwar, Maddur, and Kolkata. The company's manufacturing capabilities are equipped with globally benchmarked technology platforms and follow best-in-class operating standards with a focus on quality (ISO 9000), environmental best practices (ISO 14000), and rapid technology adoption.
The company's research and development facility has received approval from the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India. This underscores Eveready's commitment to innovation and technological advancement in its product development processes.
For the financial year ended March 2025, Eveready reported a net profit of ₹82.44 crores, representing a growth of 23.49% compared to ₹66.76 crores in the previous year. The company's revenue from operations stood at ₹1,344.52 crores in FY25, marking a 2.30% increase from ₹1,314.28 crores in FY24.
In the quarter ended March 2025, the company achieved a net profit of ₹10.42 crores, up 29.44% from ₹8.05 crores in the corresponding quarter of the previous year. Quarterly sales reached ₹299.04 crores, showing a 6.46% growth from ₹280.90 crores in the previous year's quarter.
Eveready's iconic brand campaign "GIVE ME RED" became a popular youth slogan 25 years ago, creating history in India's advertising arena. As the undisputed market leader in the batteries segment, commanding over 50% of India's market share and holding 75% of India's organized flashlights market, Eveready has consistently reinforced its brand reach with competencies that equal the best in the world.
Setting new benchmarks in innovation and tracking its milestones to keep getting better each day, Eveready has become an inseparable part of the daily lives of masses. The company's strong brand recognition and customer loyalty have been key drivers of its sustained market leadership position.
• FY2024-25 Performance: Net Sales of ₹1,344.52 crores, Net Profit of ₹82.44 crores
• Q4 FY2024-25 Performance: Net Sales of ₹299.04 crores, Net Profit of ₹10.42 crores
• Market Capitalization: ₹2,208.24 crores (as of May 12, 2025)
• P/E Ratio: 26.79
• Dividend Yield: 0.49%
• 52-week High: ₹505
• 52-week Low: ₹272.30
• Promoter Holding: 43.2%
The company recently appointed Anirban Banerjee as CEO effective May 10, 2025. The company employs approximately 3,585 people across its operations.
Suvamoy Saha, managing director at Eveready Industries India, highlighted that FY2025 was a year of significant progress as the company completed its planned transformation of route-to-market operations. Despite a dynamic operating environment with modest improvements in consumer spending, the company maintained strong performance with keen focus on profitability, achieving revenue growth of 2.3% and PAT growth of 23.5% while sustaining operating margins despite subdued demand and inflationary pressures.
The company continues to focus on strengthening its market position through strategic investments in brand building, distribution network expansion, and product innovation while maintaining operational efficiency and profitability in a challenging market environment.
