Eveready Industries today reported a 27 per cent decline in net profit at Rs 4 crore for the quarter ended March 31.
It had reported a net profit of Rs 5.45 crore in the same quarter last fiscal.
However, its operating income grew to Rs 283.25 crore in March quarter against Rs 275.13 crore in the corresponding quarter, a company statement said.
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The company attributed factors like significant muted consumer demand - particularly in the rural segment, battery market, being disturbed by poor quality dumped imports from China and de-growth in the organised flashlights category.
However, the above was compensated by a robust growth of 46 per cent in the lighting products - contributed significantly by turnover of LED bulbs, the company said.
The BM Khaitan Group entity reported a net profit of Rs. 50.65 crore during 2015-16 against Rs. 49.03 crore in 2014-15.
