Page 2 - Eveready Industries India
Battery maker Eveready in process of carving out new identity for FMCG arm
The recently announced brand Jollies marks the company's maiden foray into the mainstream FMCG space
 "Battery maker Eveready in process of carving out new identity for FMCG arm")
Eveready Industries Q3 net profit declines 40% to Rs 210 million
The company said revenue for the period is not comparable on account of implementation of GST from July 1, 2017
 "Eveready Industries Q3 net profit declines 40% to Rs 210 million")
McLeod Russel to acquire equal stake in Eveready's tea retail arm
In its pursuit of entering the tea retailing business for the first time, McLeod Russel, the world's largest tea producer, will be acquiring an equal stake in Greendale India Ltd, one of the wholly owned subsidiaries of Eveready Industries India Ltd (EIIL). Both McLeod Russel and EIIL belong to the Khaitan family controlled Wiliamson Magor Group.While EIIL had kept its focus on batteries and flashlights, its tea retail division, which owns a few brands, couldn't be used optimally resulting in under-utilisation of assets as well as the brand value of the packet tea. The battery major, hence, was on the lookout for a partner which can not only invest in reviving GIL by pumping in capital, but take the brand forward as well.On the other hand, McLeod Russel, another group company, which so far, has been a pure plantation company, was on the lookout to enter the tea retail business.Both these companies had entered into a preliminary agreement to revive the group's retail tea business."We ..
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
 "GST cheer for Eveready as it eyes 10-15% growth in FY18")
