Eveready stated a 27% decline in net income at Rs4 crore for the sector ended 31 March. photograph: Pradeep Gaur/Mint
Kolkata: Eveready Industries on Friday stated a 27% decline in internet income at Rs.4 crore for the regionended 31 March.
It had mentioned a net income of Rs.5.forty five crore inside the equal sector final monetary.
but, its working profits grew to Rs.283.25 crore in March quarter against Rs.275.13 crore within thecorresponding sector, a organization announcement stated.
The enterprise attributed elements like enormous muted patron call for particularly within the ruralsegment, battery marketplace, being disturbed by way of bad great dumped imports from China and de-increase within the organised flashlights class.
but, the above turned into compensated through a sturdy increase of 46% in the lighting merchandise—contributed significantly via turnover of LED bulbs, the agency said.
The BM Khaitan group entity reported a internet income of Rs.50.sixty five crore all through 2015-sixteen in opposition to Rs.forty nine.03 crore in 2014-15.
