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Eveready Industries India, the country’s largest dry cell battery maker, has recorded a 234 per cent increase in profit before tax (PBT) to Rs 30.29 crore in the June quarter on the back of upward revision in prices and better product mix even as turnover fell.
Operating income for the quarter fell by 18 per cent to Rs 263.45 crore primarily because of a complete stoppage/disruption of economic activities during the initial phases of the countrywide lockdown. Net profit during the quarter increased 245 per cent to Rs 23.61 crore.
Eveready said battery and flashlight volumes for the quarter were lower than
