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Business News/ Companies / Eveready net profit up 10.3% despite muted sales growth
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Eveready net profit up 10.3% despite muted sales growth

Eveready Industries' net profit in June quarter jumps 10.3% year-on-year to Rs22.36 crore

Eveready has recently added kitchen appliances to its portfolio.Premium
Eveready has recently added kitchen appliances to its portfolio.

Kolkata: Battery and flashlight maker Eveready Industries India Ltd on Monday said its net profit in the June quarter had jumped 10.3% year-on-year to 22.36 crore, despite muted sales growth, thanks to a reduction in finance costs.

The company’s revenue for the quarter ended 30 June grew only 1.22% over the same period last year to 371.71 crore.

Managing director Amritanshu Khaitan said his company had initiated discussions with foreign consumer goods producers to start retailing their products through Eveready’s distribution network in India.

Eveready has recently added kitchen appliances to its portfolio.

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Published: 26 Jul 2016, 01:50 AM IST
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