Cost pressure and degrowth in certain segments of products led to a 96% drop in the net profit of Eveready Industries India to Rs 3.86 crore in the Q4 period ended March 2011, over corresponding period last year.
The company today reported a net sales of Rs 204.07 crore during the quarter as compared to Rs 227.40 crore in the corresponding period in 2009-10.
For the entire fiscal 2010-11, net profit was down to Rs 39.24 crore as compared to Rs 142.21 crore in the previous year.
Eveready in a release attributed the poor performance and pressure on margins due to rise in cost on account of zinc prices and exchange rate.
Also, flashlights and lighting products showed degrowth during the year adding to its woes.
Packet tea sales also remained almost stagnant during the year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app