Exide Industries reported a strong performance in the first quarter of FY27, with standalone revenue growing 17.6% year-on-year to INR655 crore. EBITDA saw a significant increase of 19.5%, reaching 12.4% margin. The company highlighted broad-based double-digit growth across all major businesses, including automotive OEM, home UPS, solar, and industrial infrastructure. Progress on the advanced chemistry giga factory was also detailed.
Strong Q1 FY27 Performance
Exide Industries Limited announced robust financial results for the first quarter ending June 30, 2026 (Q1 FY27). The company achieved a standalone revenue growth of 17.6% year-on-year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at INR655 crore, marking a 19.5% increase over the same period last year. The EBITDA margin expanded by 20 basis points year-on-year to 12.4%.
Broad-Based Business Growth
The company experienced broad-based double-digit growth across its key business segments. This growth was driven by strong performance in the 2-wheeler and 4-wheeler Original Equipment Manufacturer (OEM) segments, home UPS, solar energy, and the replacement markets for 2-wheeler and 4-wheeler batteries. The industrial infrastructure segment, excluding telecom, also maintained its growth trajectory, supported by industrial UPS and traction businesses. Exports also saw a positive uptick, growing by over 20%.
Advanced Chemistry Giga Factory Progress
Significant updates were provided on the advanced chemistry giga factory. At the Bangalore facility, equipment for all four production lines has been delivered and installed, with utilities now fully operational. The company highlighted the commencement of customer sample deliveries from its first NCM cylindrical line, marking the first locally manufactured cells. The LFP prismatic line has also begun sample supplies for 3-wheeler and telecom applications. Exide has invested a cumulative INR4,902 crore in its subsidiary, Exide Energy Solutions Limited, as of July 31, 2026.
Market Environment and Outlook
The demand environment in India remained supportive, influenced by improved affordability and consumer sentiment. While input costs remained challenging due to global disruptions and currency movements, the company implemented calibrated price adjustments to mitigate pressure. The company noted that government tenders, which were muted in Q1, are expected to pick up in the second half of the fiscal year. Management anticipates continued growth, aided by seasonal demand and ongoing market initiatives.
Source: BSE
