BackEveready Q4 net down 27% to Rs4 crore
The company attributed factors like significant muted consumer demand particularly in the rural segment, battery market, being disturbed by poor quality dumped imports from China
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Kolkata: Eveready Industries on Friday reported a 27% decline in net profit at ₹ 4 crore for the quarter ended 31 March.
It had reported a net profit of ₹ 5.45 crore in the same quarter last fiscal.
However, its operating income grew to ₹ 283.25 crore in March quarter against ₹ 275.13 crore in the corresponding quarter, a company statement said.
The company attributed factors like significant muted consumer demand particularly in the rural segment, battery market, being disturbed by poor quality dumped imports from China and de-growth in the organised flashlights category.
However, the above was compensated by a robust growth of 46% in the lighting products—contributed significantly by turnover of LED bulbs, the company said.
The BM Khaitan Group entity reported a net profit of ₹ 50.65 crore during 2015-16 against ₹ 49.03 crore in 2014-15.
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