Key Financial Highlights - Q2 FY27 (Standalone)

Profit & Loss Statement (₹ Crore):

  • Revenue: ₹428.2 (vs ₹386.8 in Q2 FY26, +10.7% YoY)
  • EBITDA: ₹53.8 (vs ₹49.4 in Q2 FY26)
  • EBITDA Margin: 12.6% (vs 12.8% in Q2 FY26)
  • Profit before exceptional items & tax: ₹40.0 (vs ₹37.3 in Q2 FY26, +7.2% YoY)
  • Exceptional items: None in Q2 FY27 (vs ₹37.7 in Q2 FY26)
  • Profit before Tax: ₹40.0 (vs loss of ₹0.4 in Q2 FY26)
  • Income Tax: Not applicable
  • Deferred Tax: ₹8.0 (vs ₹13.9 in Q2 FY26)
  • Profit after Tax: ₹31.9 (vs loss of ₹7.9 in Q2 FY26)
  • PAT Margin: 7.5% (vs -2.0% in Q2 FY26)

Key Financial Highlights - H1 FY27 (Standalone)

Profit & Loss Statement (₹ Crore):

  • Revenue: ₹836.0 (vs ₹760.9 in H1 FY26, +9.9% YoY)
  • EBITDA: ₹115.2 (vs ₹105.5 in H1 FY26)
  • EBITDA Margin: 13.8% (vs 13.9% in H1 FY26)
  • Profit before exceptional items & tax: ₹90.9 (vs ₹80.6 in H1 FY26, +12.8% YoY)
  • Exceptional items: None in H1 FY27 (vs ₹44.8 in H1 FY26)
  • Profit before Tax: ₹90.9 (vs ₹35.8 in H1 FY26, +153.6% YoY)
  • Income Tax: Not applicable
  • Deferred Tax: ₹22.0 (vs ₹13.5 in H1 FY26)
  • Profit after Tax: ₹68.9 (vs ₹22.3 in H1 FY26, +209.0% YoY)
  • PAT Margin: 8.2% (vs 2.9% in H1 FY26)

Exceptional Items Breakdown for Previous Year:

  • H1 FY26: ₹29.8 Crore for non-recurring ex-gratia paid to workmen on separation
  • Q2 FY26: ₹22.7 Crore for the same separation payment
  • H1 FY26/Q2 FY26: ₹15.0 Crore towards settlement with Real Touch in the KKR matter

Segmental Performance Analysis

Batteries Segment (Q2 FY27):

  • Revenue: ₹102.0 Crore, representing 23% of total revenue with 10.4% YoY growth
  • Alkaline Batteries: Delivered ~30% volume growth with growing market share
  • Carbon-Zinc Batteries: Steady volumes with disciplined price increases, maintaining ~57% market share
  • Emerging channels grew 17%, led by Quick Commerce and E-commerce
  • Jammu facility now operational, adding manufacturing scale

Flashlights Segment:

  • Battery-operated: Continues to anchor mass market demand, driving replacement-led consumption
  • Rechargeable: Sustained 33%+ revenue growth, positioned as key growth engine
  • Company sold 17 million+ flashlights annually
  • Leveraging brand strength and retail reach to accelerate growth

Lighting Segment:

  • Emergency LED Bulbs: Achieved 26% YoY growth
  • Electrical Accessories: Maintained strong growth momentum
  • Mitigated inflation impact through targeted price increases
  • Company sold 36 million+ LED lights annually

Strategic Initiatives and Innovation

Premiumisation Strategy: Expanding alkaline and rechargeable offerings to improve product mix and increase participation in higher-value segments.

Innovation Focus:

  • Driving consumer-focused innovation with two patent applications
  • R&D facility approved by DSIR, Ministry of Science and Technology, Government of India
  • Pioneering first-of-its-kind rechargeable portable liquid vaporizer (patent applied)
  • Innovation in mosquito racquets and flashlights

Operating Discipline: Prudent capital allocation, hedging strategy, and tactical pricing to sustain margins and long-term growth.

Manufacturing Excellence: Globally benchmarked technology platforms with ISO 9000 and ISO 14000 certifications.

Business Environment Context

Improving demand and channel expansion continue to support growth momentum. Resilient demand, evolving trade channels, and tactical price increases shape growth amid cost pressures.

Forward-Looking Statements Disclaimer

The presentation contains forward-looking statements subject to risks and uncertainties including fluctuations in earnings, competitive intensity, pricing environment, economic conditions affecting demand/supply, input cost changes, customer relationships, political stability, government regulations, taxation, climatic conditions, natural calamities, commodity price fluctuations, currency rate fluctuations, and litigation.