Eveready targets high single-digit revenue growth in FY25

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Kolkata-based Eveready Industries India is targeting a high single-digit revenue growth in the current financial year (April-March 2024-25).

The company hopes to grow its battery business revenue by 5%, flashlight by 10-12%, and lightings by 20% during the year.

The earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin guidance has been retained at 10% to 12% versus 10.8% clocked in FY24.

Suvamoy Saha, Managing Director of Eveready Industries India said the aim is to double the revenue in 3-4 years by focusing on existing brands and distribution networks. and diversifying into new product categories.

Also Read | Eveready looks to double revenues within 4 years with minimal investments

While the company is open to considering acquisitions to expand business, Saha said action will begin only once the current businesses are consolidated.

Eveready posted a profit of ₹8 crore in January-March quarter versus a loss of ₹14.39 crore last year.

Also Read | Eveready Industries Q4 net profit at ₹8 crore amid sluggish rural demand

The market capitalisation of Eveready Industries India is around ₹2,513.16 crore. Its shares have gained close to 14.75% in the past year.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow