Eveready Industries India Ltd – Q4 FY26 Results

key financial highlights

• Revenue from Operations:
  • Revenue (Q4 FY26): ₹327.23 Cr
    • QoQ Change: -10.98%
    • YoY Change: +9.42%
  • Previous Quarter (Q3 FY26): ₹367.61 Cr
  • Previous Year (Q4 FY25): ₹299.04 Cr
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹141.76 Cr
    • QoQ Change: +1802%
    • YoY Change: +1260%
  • Previous Quarter (Q3 FY26): ₹7.45 Cr
  • Previous Year (Q4 FY25): ₹10.42 Cr
• QoQ Performance
  • Revenue Trend: Decline
  • Profit Trend: Sharp spike

Margin Analysis

Drivers:

• Exceptional gains boosted profitability significantly
• Stable operating costs supported margin expansion
• Controlled employee and finance costs

Insight:

• Margins expanded abnormally due to non-operational gains, not purely core business improvement

Earning quality check

Drivers:

• Large exceptional gain (₹102.70 Cr)
• Low base effect in previous quarters
• Limited improvement in core operating profit

Interpretations:

• Earnings quality is moderate, as profit growth is largely non-recurring and not fully backed by operational strength

balance sheet Analysis

• Total Assets (FY26): ₹1,213.52 Cr
• Total Liabilities (FY26): ₹590.58 Cr

Insight:

• Balance sheet remains stable with controlled liabilities and improving equity base, indicating financial stability

key risks

• Dependence on exceptional items for profitability
• Weak core revenue growth momentum
• Inventory and working capital fluctuations
• Competitive pressure in battery and lighting segments

Financial metrics table

Quarterly Performance Context