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EVEREADY

Reputation: 642,817 • Nov 7, 2023 10:11 AM

Eveready Q2 Results: Indian battery maker posts rise in profit on lower costs

Quarterly expenses for the company, which also sells flashlights and lighting products like LED bulbs, fell 6% to 3.34 billion rupees, led by a nearly 15% decline in raw material costs.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Battery maker Eveready Industries India reported a 72% rise in second-quarter profit, helped by diminishing costs.
• Quarterly expenses fell 6%, led by a nearly 15% decline in raw material costs.
• Operating EBITDA margin expanded to 12.7% from 11.4% a year ago.
https://economictimes.indiatimes.com/markets/stocks/earni...
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