Eveready Industries India posted good set of numbers, the company managed to maintain gross margins even though the input cost rose.
In an interview to CNBC-TV18, Amritanshu Khaitan, MD of Eveready Industries India spoke about the results and his outlook for the company.
Battery and flashlight category is a seasonally weak category, he said.
The company is in the process of implementing certain price hikes in AA and AAA categories to mitigate the cost pressure which has impacted margins in Q4, he further said.
Eveready is going to initiate discussions with McLeoad Russel for participating in a joint venture for development of packet tea business through a separate entity.
“We aim to come together and create an entity which in three-four years’ time would hopefully become the third-largest packet tea player in India after Unilever and Tata Tea”, he said.
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