GST cheer for Eveready as it eyes 10-15% growth in FY18

EIIL's MD says shrinking of unorganised batteries, flashlights market under GST cause for optimism

Optimistic about increasing its market share in the batteries and flashlights segment, along with growing its small appliances and LED businesses, post the Goods and Services Tax (GST) rollout, Eveready Industries India Ltd (EIIL) is eyeing a 10-15 per cent growth in the ongoing financial year.

Amritanshu Khaitan, the company’s managing director, is of the opinion that as a result of stricter compliance norms, the unorganised batteries and flashlights market will shrink. Therefore, EIIL, which is the market leader in both these categories, stands to gain the most.

EIIL's flashlights business vertical, which contributes 14 per cent to