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Apr 12, 2013, 02.03 PM IST | Source: Moneycontrol.com

Eveready hikes battery prices to offset rising expenses

Eveready Industries India has increased prices across its range of pencil size batteries to counter rise in input costs and other expenses.

Moneycontrol Bureau

Eveready Industries India has increased prices across its range of pencil size batteries to counter rise in input costs and other expenses.

It has raised prices of economy pencil size batteries by Rs 5 per strip of 10 batteries, the Kolkata-based company said on Friday.

"A continuous upward trend in cost of materials and overhead expenses have adversely impacted the cost of batteries. This has left us with very little option but to pass on a part of the impact to the market," said Deepak Khaitan, vice chairman.

Eveready's realizations will go up by 5-10 percent from May, helped by this price hike and by rationalizing trade margins, he added.

Eveready is the market leader of dry cell batteries selling more than 1.2 billion units annually.

Eveready Industries shares were at Rs 18.75 in afternoon trade on Friday, up 1.6 percent on NSE.

Eveready Ind stock price

On December 19, 2014, Eveready Industries India closed at Rs 177.45, up Rs 1.00, or 0.57 percent. The 52-week high of the share was Rs 196.70 and the 52-week low was Rs 33.15.


The company's trailing 12-month (TTM) EPS was at Rs 4.68 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 37.92. The latest book value of the company is Rs 81.66 per share. At current value, the price-to-book value of the company is 2.17.

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