Dividend Delight and Dynamic Leadership: How Eveready Is Charging Up for the Future

Image Source: Eveready India

Eveready Industries India Ltd. has announced a strategic succession, strong financial performance, and rewarding dividend, indicating renewed momentum for the legendary battery and flashlight manufacturer.

Key Highlights:

Leadership Transition: Anirban Banerjee, former Senior Vice President and Business Unit Head - Batteries & Flashlights, has been named Chief Executive Officer. Banerjee has decades of experience in FMCG and consumer durables, with leadership positions at Godrej Consumer Products and The Hershey Company. His market acumen and track record of delivering growth are likely to lead Eveready into its next era of innovation and growth.
Dividend Reward: The board announced a dividend of ₹1.5 per share, reaffirming Eveready's focus on returning shareholder value. The payment is testimony to the stability of the company's cash flows and judicious management of capital.
Q4 Performance: For the quarter ended March, Eveready posted consolidated revenue from operations of ₹2.99 billion and net profit of ₹104.2 million. Although the quarter demonstrates resilience in the face of a competitive environment, the company continues to enjoy strong growth in its core battery and flashlight businesses, with recent quarters evidencing strong volume gains and market share gains in both traditional and rechargeable offerings.
Strategic Agenda: With Banerjee at the helm, Eveready will continue to build a stronger product portfolio, drive innovation, and go deeper in both urban and rural India.

With a vibrant new CEO, a shareholder-friendly dividend, and robust finances, Eveready Industries has a bright and energized future ahead.

Sources: Eveready India, CNBC TV18, LinkedIn