 "Duracell & Energizer may be eyeing a buyout of Eveready battery business")
Eveready Industries posted a net profit of Rs. 4.04 crore despite a 10.87 per cent decline in gross sales at Rs. 311.72 crore for the quarter ended March 31, 2019.
The company had posted a loss of Rs. 16.12 crore in the fourth quarter of the 2017-18 fiscal year with gross sales of Rs. 349.75 crore.
According to the company, the dip in turnover during the quarter was attributable to the segments of lighting and appliances - mainly due to supply constraints in the segment of lighting and no government orders in fans as compared to last year. However, the overall profitability
