Replacement sales, low lead prices power Exide’s margins1 min read 01 May 2019, 03:24 PM IST
A pick-up in retail sales trimmed Exide’s inventory. This, along with lower dealer incentives, shored up profitability
According to the management, battery sales improved in the auto replacement market and in the power supply, solar and infrastructure segments
In a surprisingly upbeat performance, Exide Industries Ltd, the country’s largest battery maker, clocked better-than-anticipated profits for the March quarter. This comes amid worries of severe production cuts by automakers, which affects battery sales in the original equipment segment.
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