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  2011    

• Unaudited Standalone Financial Results for the Quarter ended on June 30, 2011
(Rs. Lakhs)
  Description 3 months ended
(30/06/2011)		 Corresponding 3 months ended in the previous year (30/06/2010) Previous accounting year ended
(31/03/2011)
Unaudited Unaudited Unaudited
1 Gross Sales/Income from operations 25,923.26 25,181.22 100,226.00
Less:   Excise Duty 1,381.36 1,353.89 5,183.68
2 a) Net Sales/Income from operations 24,541.90 23,827.33 95,042.32
b) Other Operating Income 39.17 28.68 265.31
3 Total Income 24,581.07 23,856.01 95,307.63
4 Expenditure
  (a) (Increase)/Decrease in Stock-in-Trade and Work-in-Progress 358.20 (598.42) 1,758.13
(b) Consumption of Raw Materials 10,803.26 10,891.91 44,038.21
(c) Purchase of Traded Goods 4,268.43 4,239.68 14,208.27
(d) Employee Cost 2,303.03 1,982.44 8,774.96
(e) Depreciation / Amortisation 605.08 607.17 2,453.18
(f) MTM on Commodity Hedging - 408.33 -
(g) Other Expenditure 4,571.97 3,777.84 17,091.93
  (h) Total 22,909.97 21,308.95 88,324.68
5 Profit from Operations before Other Income, Interest & Exceptional Items 1,671.10 2,547.06 6,982.95
6 Other Income - Interest on Income Tax Refund 89.27 1.33 592.40
7 Provisions no longer required written back - 62.04 190.90
8 Profit before Interest & Exceptional Items 1,760.37 2,610.43 7,766.25
9 Interest and Exchange fluctuation (Net)
  a) Interest 743.18 805.05 3,130.30
b) Exchange Fluctuation 9.47 (11.80) (2.64)
10 Profit after Interest but before Exceptional Items 1,007.72 1,817.18 4,638.59
11 Exceptional Items
- Workmen Separation Cost (Refer Note 4) 74.99 29.27 29.27
12 Profit from Ordinary Activities before Tax 932.73 1,787.91 4,609.32
13 Tax Expense
-Current Income Tax 186.62 356.34 932.42
-Deferred Tax (50.70) (83.55) (247.10)
-Excess FBT provision relating to earlier year written back - - (13.21)
14 Net Profit from Ordinary Activities after Tax 796.81 1,515.12 3,937.21
15 Extraordinary items (net of tax expenses) NIL NIL NIL
16 Net Profit for the period / year 796.81 1,515.12 3,937.21
17 Paid up Equity Share Capital Face Value : Rs. 5/- per share. 3,634.36 3,634.36 3,634.36
18 Reserves and Surplus Excluding Revaluation Reserve as per Balance Sheet of Previous accounting year - - 62,321.32
19 Earning Per Share(EPS) - Rs.
Basic and Diluted EPS for the period, for the year to date and for the previous year (not to be annualised)      
Basic 1.10 2.08 5.42
Diluted 1.10 2.08 5.42
20 Public Shareholding
Number of Shares 43,001,573 43,211,422 43,001,573
Percentage of Share Holding 59.16 59.45 59.16
21 Promoters & Promoter Group Shareholding
a) Pledged / Encumbered
No of Shares 3,200,000 3,200,000 3,200,000
% of the total shareholding of Promoter & Promoter Group 10.78 10.86 10.78
% of the total share capital of the Company 4.40 4.40 4.40
b) Non-Encumbered
No of Shares 26,485,687 26,275,838 26,485,687
% of the total shareholding of Promoter & Promoter Group 89.22 89.14 89.22
% of the total share capital of the Company 36.44 36.15 36.44

Notes:

1.
The Company is engaged in the business of marketing of dry cell batteries, rechargeable batteries, flashlights, packet tea, general lighting products, insect repellents and other homecare products which come under a single business segment known as Fast Moving Consumer Goods (FMCG).
   
2. Geographical Segment –
  (Rs. Lakhs)
3 months ended (30/06/2011) 3 months ended (30/06/2010) Year to date for period ended (31/03/2011)
Sales within India 25,368.13 24,553.63 97,088.83
Sales outside India 555.13 627.59 3,137.17
   
3. Investor Grievance Report -
 
No. of investor grievances pending at the beginning of the quarter Nil
No. of investor grievances received during the quarter 10
No. of investor grievances replied/resolved during the quarter 10
No. of investor grievances pending at the end of the quarter Nil
   
4. Exceptional Item represents separation costs of workmen who opted for the same during the quarter consequent to the suspension of operations at the Company's manufacturing facility at Cossipore, Kolkata.
   
5. Figures of the previous quarters / periods have been regrouped / rearranged wherever considered necessary.
   
6.
The above results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on August 10, 2011, and subjected to a limited review by the Statutory Auditors of the Company.
   
 
  Kolkata
August 10, 2011
EVEREADY INDUSTRIES INDIA LTD
Suvamoy Saha
Director
• Audited Financial Results for the year ended March 31, 2011
(Rs. Lakhs)
    Standalone Consolidated
  Description Year to date figures for current period ended (31/03/2011) Year to date figures for the previous year ended (31/03/2010) Consolidated Year to date figures for current period ended (31/03/2011) Consolidated Year to date figures for current period ended (31/03/2010)
Audited Audited Audited Audited
1 Gross Sales/Income from operations 100,226.00 101,142.92 112,468.86 114,686.30
Less:   Excise Duty 5,183.68 4,270.16 5,183.68 4,270.16
2 a) Net Sales/Income from operations 95,042.32 96,872.76 107,285.18 110,416.14
b) Other Operating Income 265.31 110.69 346.70 121.04
3 Total Income 95,307.63 96,983.45 107,631.88 110,537.18
4 Expenditure
  (a) (Increase)/Decrease in Stock-in-Trade and Work-in-Progress 1,758.13 (2,628.56) 2,964.94 (4,530.72)
(b) Consumption of Raw Materials 44,038.21 46,593.37 45,068.60 47,602.60
(c) Purchase of Traded Goods 14,208.27 15,053.52 21,293.14 24,703.43
(d) Employee Cost 8,774.96 7,503.71 11,631.65 10,188.61
(e) Depreciation / Amortisation 2,453.18 2,412.68 3,325.92 2,601.36
(f) MTM on Commodity Hedging - 10.03 - 10.03
(g) Other Expenditure 17,091.93 18,809.16 19,692.00 22,384.43
  (h) Total 88,324.68 87,753.91 103,976.25 102,959.74
5 Profit from Operations before Other Income, Interest & Exceptional Items 6,982.95 9,229.55 3,655.63 7,577.44
6 Other Income - Profit on Sale of Real Estate - 703.23 - 703.23
  - Interest on Income Tax Refund 592.40 31.01 592.40 31.01
7 Provisions no longer required written back 190.90 124.68 190.90 124.68
8 Profit before Interest & Exceptional Items 7,766.25 10,088.46 4,438.93 8,436.36
9 Interest and Exchange fluctuation (Net)
  a) Interest 3,130.30 3,326.89 3,292.91 3,421.84
b) Exchange Fluctuation (2.64) 110.93 (28.33) (245.37)
10 Profit after Interest but before Exceptional Items 4,638.59 6,650.65 1,174.35 5,259.89
11 Exceptional Items
- Profit on Surrender of Leasehold Rights & Other Related Assets - 10,645.87 - 10,645.87
- Employees' Separation Cost (Refer Note 4) 29.27 715.28 1,151.23 715.28
- Expenditure relating to Investment in Subsidiary - 193.01 - 193.01
- Provision for safeguard related repayment - - 683.21 -
12 Profit/(Loss) from Ordinary Activities before Tax 4,609.32 16,388.22 (660.09) 14,997.47
13 Tax Expense
-Current Income Tax 932.42 2,788.61 996.29 2,963.70
-Deferred Tax (247.10) (621.60) (247.05) (688.52)
-Excess FBT provision relating to earlier year written back (13.21) - (13.21) -
14 Net Profit/(Loss) from Ordinary Activities after Tax 3,937.21 14,221.21 (1,396.12) 12,722.29
15 Extraordinary items (net of tax expenses Rs.) NIL NIL NIL NIL
16 Net Profit/(Loss) for the year 3,937.21 14,221.21 (1,396.12) 12,722.29
17 Minority Interest . - - 0.69 0.61
18 Net Profit/(Loss) for the year after Taxes and Minority Interest 3,937.21 14,221.21 (1,395.43) 12,722.90
19 Paid up Equity Share Capital Face Value : Rs.5/- per share. 3,634.36 3,634.36 3,634.36 3,634.36
20 Reserves and Surplus Excluding Revaluation Reserve as per Balance Sheet of Previous accounting year 62,321.32 58,745.87 54,830.90 56,833.40
21 Earning / (Loss) Per Share(EPS) - Rs.
Basic and Diluted EPS for the period, for the year to date and for the previous year (not to be annualised)      
Basic 5.42 19.56 (1.92) 17.50
Diluted 5.42 19.56 (1.92) 17.50
22 Public Shareholding
Number of Shares 43,001,573 43,210,922 43,001,573 43,210,922
Percentage of Share Holding 59.16 59.45 59.16 59.45
23 Promoters & Promoter Group Shareholding
a) Pledged / Encumbered
No of Shares 3,200,000 9,200,000 3,200,000 9,200,000
% of the total shareholding of Promoter & Promoter Group 10.78 31.21 10.78 31.21
% of the total share capital of the Company 4.40 12.66 4.40 12.66
b) Non-Encumbered
No of Shares 26,485,687 20,276,338 26,485,687 20,276,338
% of the total shareholding of Promoter & Promoter Group 89.22 68.79 89.22 68.79
% of the total share capital of the Company 36.44 27.89 36.44 27.89

Notes:

1.
The Company is engaged in the business of marketing of dry cell batteries, rechargeable batteries, flashlights, packet tea, general lighting products, insect repellents and other homecare products which come under a single business segment known as Fast Moving Consumer Goods (FMCG).
   
2. Geographical Segment –
  (Rs. Lakhs)
  Standalone Consolidated
Year to date for period ended (31/03/2011) Year to date for period ended (31/03/2010) Year to date for period ended (31/03/2011) Year to date for period ended (31/03/2010)
Sales within India 97,088.83 98,117.57 97,088.83 98,742.33
Sales outside India 3,137.17 3,025.35 15,380.03 15,943.97
   
3. The consolidated results of the Company include the results of the Company and its subsidiary viz, Novener SAS and its subsidiaries.
   
4. Employee Separation cost under exceptional items include separation cost of workmen who opted for the same during the year consequent to the suspension of operations at the company's manufacturing facility at Hyderabad which has since been closed. It also includes separation cost of employees in respect of restructuring done at the subsidiary viz, Novener SAS and its subsidiaries, during the year.
   
5. The Board of Directors have recommended divident of Rs. 0.50 per fully paid up equity share of Rs. 5/- each.
   
6. In accordance of Para 26 of Accounting Standard 21 - "Consolidated Financial Statements", the losses applicable to minority in Consolidated Financial Statements, being in excess of its interest in equity of subsidiary companies amounting to Rs. 1,046.55 Lakhs (2009-10 : Rs. 297.05 Lakhs) has been adjusted against the parent's share of Profit and Loss.
   
7. The Audited stand alone and consolidated statement of assets and liabilities is as under:
  (Rs. Lakhs)
Particulars Standalone Consolidated
31.03.2011 31.03.2010 31.03.2011 31.03.2010
Shareholders' Funds:        
(a) Share Capital 3,634.36 3,634.36 3,634.36 3,634.36
(b) Reserves and Surplus 64,890.64 63,085.71 57,400.22 61,173.24
(c) Minority Interest (Foreign Currency Translation Reserve) - - (164.87) (103.54)
Loan Funds 26,048.07 28,472.47 32,782.52 33,979.42
Deferred tax liabilities (net) 847.83 1,094.93 780.40 1,030.22
Total 95,420.90 96,287.47 94,432.63 99,713.70
Goodwill on Consolidation - - 6,444.92 6,765.54
Fixed Assets (Net) 82,317.01 84,809.51 82,709.62 85,367.92
Investments 4,110.00 4,110.00 - -
Current Assets, Loans and Advances        
(a) Inventories 18,979.94 20,211.55 21,105.53 23,717.12
(b) Sundry Debtors 4,230.92 3,675.64 6,826.09 6,538.49
(c) Cash and Bank balances 584.50 863.48 1,326.21 2,536.18
(d) Loans and Advances 7,890.48 7,006.06 8,325.22 9,937.15
Less: Current Liabilities and Provisions        
(a) Liabilities 20,739.20 20,461.46 29,527.16 31,033.14
(b) Provisions 1,952.75 3,927.31 2,777.80 4,115.56
Total 95,420.90 96,287.47 94,432.63 99,713.70
   
8. Figures of the previous periods have been regrouped / rearranged wherever considered necessary.
   
9.
The above results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on August 10, 2011.
   
 
  Kolkata
August 10, 2011
EVEREADY INDUSTRIES INDIA LTD
Suvamoy Saha
Director

   
 
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