Brands
Eveready reports higher income, stable nine-month profit
MUMBAI: It appears Eveready Industries is far from running out of juice. On 5th February 2026, the battery behemoth announced a set of financial results that would make any investor’s eyes glow. From boardroom strategy to the factory floor, the company is re-energising its operations with a mix of property divestments and a brand-new perks package for its team.
The numbers tell a story of steady current rather than a sudden short circuit. For the quarter ending 31st December 2025, Eveready reported a standalone total income of Rs 367.31 crore, a healthy leap from the Rs 333.59 crore recorded in the same period the previous year. Revenue from operations alone stood at Rs 366.97 crore.
Looking at the nine-month stretch, the figures are even more illuminating. Total income climbed to Rs 1,130.40 crore, up from Rs 1,046.29 crore in 2024. While the profit for the quarter dipped slightly to Rs 7.36 crore compared to last year’s Rs 13.05 crore, the overall nine-month profit remains a solid Rs 29.49 crore.
In a move to streamline its assets, Eveready is offloading its leasehold rights for land and structures in Noida, Uttar Pradesh. The Board has greenlit the sale of its Sector 80 plots, B1 and B2, for a consideration expected to be no less than Rs 250 crore. This tactical disposal is slated to wrap up within six months, providing a significant cash injection without impacting daily operations.
It isn’t just the balance sheet getting a boost. The company is introducing the “Eveready Industries India Limited Employees Stock Option Plan 2026” (Esop 2026). Subject to shareholder approval, the plan offers up to 21,81,000 equity shares, ensuring that the people keeping the lights on have a real stake in the company’s future.
Of course, it isn’t all smooth sailing. The company is currently contesting a Rs 171.55 crore penalty from the Competition Commission of India (CCI). While the National Company Law Appellate Tribunal (Nclat) has stayed the fine, Eveready has already deposited 10 per cent of the amount as a precaution.
Additionally, new national Labour Codes have led to a one-time incremental liability of Rs 9.38 crore for employee benefits. There was also a notable ex-gratia payment of Rs 29.75 crore made to workmen upon separation earlier in the year.
Despite these hurdles, Eveready’s earnings per share (EPS) for the nine months stands at Rs 4.06, proving that even after decades in the game, this brand still has plenty of power left in the tank.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
