Exide Industries, one of India’s top battery makers, is aiming to increase its revenue from the lead-acid battery business to ₹20,000 crore in the next 2-3 years. This is a jump from its current revenue of ₹16,500 crore. The company remains positive about the future of this business.
At 3:16 PM, Exide Industries' share price was up 1.96% and was trading at ₹382.45.
Avik Roy, MD & CEO of Exide Industries, said during the Q4 FY25 earnings call that the company sees continued growth opportunities. “With our wide distribution network, trusted brand, and advanced products, we are well-positioned to grow in the lead-acid space,” he had previously stated.
Exide earns a major portion of its revenue from lead-acid batteries used in vehicles and backup power systems. The company’s standalone revenue for the fourth quarter of FY25 rose by 3.74% to ₹4,159.42 crore, compared to ₹4,009.39 crore a year earlier. However, the net profit dropped by 10% year-on-year to ₹254.60 crore due to rising raw material costs.
In the last financial year, the demand for replacement auto batteries remained strong. However, demand from new vehicle makers (OEMs), especially in the passenger car segment, was not as high. In the power backup market, the industrial UPS and solar sectors saw good demand, but the home UPS segment was weaker. Exide expects this to improve in the current quarter.
Besides lead-acid batteries, Exide is also working on future technologies. The company plans to start production from the first phase of its lithium-ion cell manufacturing unit in Karnataka this financial year. So far, Exide has invested ₹3,600 crore in its subsidiary, Exide Energy Solutions (EESL), and plans to invest another ₹1,200 crore this year.
Antimony, a key ingredient in lead-acid batteries, saw a sharp rise in price, which hurt the company’s profit margins. To tackle this, Exide raised its prices by 5%, though the hike came after a delay. Prices have since stabilised, and the company is closely watching the market.
Exide Industries is confident about the future of its lead-acid battery business and is preparing for long-term growth by investing in both traditional and new battery technologies. Despite short-term challenges like rising raw material costs, the company remains focused on expansion and innovation.
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Published on: May 14, 2025, 3:40 PM IST
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