Amritanshu Khaitan

The appointment was necessitated as Eveready India's incumbent MD Amritanshu Khaitan resigned from his post on March 3, following an open offer from the Burman group.

Eveready Batteries' Chairman, MD resign post open offer from Burman group

The Burman group, through various entities had on Monday made a Rs 604.76-crore open offer to acquire around 1.89 crore shares of Eveready Industries, representing 26 per cent of the expanded voting share capital, at a price of Rs 320 per share, payable in cash.

Lighting & appliances growth drivers for Eveready: Khaitan

"Lighting and home appliances will be the growth drivers for future as so company had diversified in these categories. We are planning exclusive stores for lighting and applicances in FY18'," Managing Director Amritanshu Khaitan told PTI.

Eveready may look at PE investment to scale up packet tea biz

Eveready may spin off its packet tea business into a 100 percent subsidiary as the board has approved the reorganisation.

Battery volumes to grow by 3-4%, topline by 7-8%: Eveready India

Amritanshu Khaitan, MD of the company said flashlight and battery business was impacted due to demonetisation. However, both the businesses will show see huge growth in volumes in FY18.

LED biz growing; expect better topline growth by Q4: Eveready

"Because of better margins in the LED segment and better efficiencies in manufacturing, in the battery segment, the company has been able to post its highest ever operating margin in the recent few quarters", Amritanshu Khaitan, MD of Eveready India told CNBC-TV18.

Eveready hit by low volumes, LED product delays in Q1: MD

Amritanshu Khaitan, Managing Director of Eveready India, attributes to the flat topline growth in the first quarter to lower batter volumes and a revenue hit on account of some delays in commissioning of LED products.

Premium range batteries less price sensitive: Eveready

Amritanshu Khaitan, MD of Eveready, says: "The premium range is less price sensitive and we felt that for the last one year, we have not taken price increases, our volumes have seen growth and overall business is quite stable."

Eveready up 3%, hikes prices in premium range of batteries

The premium range constitutes about 40 percent of total battery volumes and MRPs of various types will be increased from 50 paise to Rs 1 per piece, said Amritanshu Khaitan, managing director of Eveready.

Eveready hikes battery prices; to grow 10-15% in FY15: ED

The dry cell batteries major has taken a hike of over 20 percent in batteries over the past 18 months.

To spend Rs 40-50 cr for brand building in FY16: Eveready

The company will be investing significantly into brand building of Eveready to the tune of Rs 40-50 crore in FY16 with major focus on showcasing lighting business led by LEDs rather than under battery business, says Amritanshu Khaitan.

Eveready sees 10-15% revenue growth in FY15

Going forward into next financial year, Eveready seems very confident to keep growing the companies topline by 10-15 percent again next year and EBITDA expansion should also take place.

Eveready hikes prices; hopes to post full-yr profit growth

For the current October-December quarter, Amritanshu Khaitan, ED of Eveready Industries expects volumes to remain flat because of the price increase. On the positive side, he feels input cost will come down now that rupee has stabilised at around 62-63/ USD from 64-65/ USD levels.

Will maintain margins, improve sales to 15% in H2: Eveready

Eveready Industries' Amritanshu Khaitan is upbeat on the company's growth and hopes to maintain margins of 8 percent in H2FY14. Also, good monsoons and compulsory digitisation will further improve the growth of the company, he adds.

Battery prices up by 3-10%, see FY14 margin at 8%: Eveready

According to Amritanshu Khaitan, Eveready Industries is likely to maintain margins at around 8 percent for the full year. The company recently increased its battery prices to battle cost pressures due to rupee depreciation.

New project to be complete in 32 months: Amritanshu Khaitan

McNally Bharat Engineering on Tuesday bagged an order for a thermal power project worth Rs 970 crore. Amritanshu Khaitan, director of Mcnally Bharat Engineering says that this project will be completed in about 32 months.

Eveready expects sales to jump 10-15% in FY14

Speaking on the back of Q4 results for FY13, Amritanshu Khaitan told CNBC-TV18 that he expected a turnover growth of 10-15 percent for FY14. With better operations, he expects a better bottomline for FY14.

Price hike not to affect demand: Eveready India

After announcing an initial price hike, Amritanshu Khaitan, ED, Eveready India says the company will now adopt a wait and watch approach and see how margins and the rupee behaves, and then take a call on further price hikes.

Likely to pass on battery price hike to consumers: Eveready

In an interview to CNBC-TV18, Amritanshu Khaitan, ED, Eveready India says, even though historically January to March has always been a lean quarter, the car battery manufacturer expects profits and sales growth in Q4 of FY13 to be better than that Q4 of FY12.

May pass 4-5% price hike to consumers in 4 months: Eveready

In an interveiw to CNBC-TV18, Amritanshu Khaitan, ED of Eveready India said, they are diversifying into newer products to increase revenue stream. "We will use this product launch as a strategy to revitalise and reenergise the brand, which has been a very strong pan India brand for the last 100 years, " he added.