Eveready Industries Q3 up 11% to Rs 17 crore

Non-Durable household products maker Eveready Industries today reported an increase of 10.56% in its standalone net profit at Rs 16.95 crore for the third quarter ended December 31, 2015.

It had posted a standalone net profit of Rs 15.33 crore in the October-December period last year, Eveready Industries said in a BSE filing.

However, its total income from operations on standalone basis was marginally down to Rs 324.13 crore during the quarter under review as against Rs 325.41 crore in the same period a year ago.

"The turnover for the quarter was flat as compared to the same quarter of the previous year due to overall muted consumer demand - particularly in the rural segment," said Eveready Industries.

It further added that battery market is impacted by cheap Chinese imported products.

"The organised segment of the flashlights category experiencing de-growth on account of proliferation of cheap flashlights of poor quality by the unorganised and gray market players," it added.

Shares of Eveready Industries today settled at Rs 252.45 per scrip on BSE, down 4.45% from its previous close.