Exide Targets Rs 200 Bn Revenue Within Three Years

Exide Industries has announced a revenue target of Rs 200 billion over the next two to three years, driven primarily by its lead-acid battery business. The company reported revenue of Rs 165.88 billion in financial year twenty twenty-five.

Planned investments of Rs sixteen to seventeen billion this fiscal will support both lithium-ion cell manufacturing and existing battery operations. The upcoming lithium-ion facility, expected to be operational by financial year twenty twenty-six, has not been factored into the current revenue projection.

Managing Director and Chief Executive Officer Avik Roy expressed confidence in the company's growth, citing strong demand and improving financial metrics. Despite recent margin pressure due to high input costs, particularly antimony, the company expects improved stability going forward.

A price increase of five per cent was implemented to offset rising material costs, though a delay between cost spikes and price revisions had temporarily impacted profitability. The company also noted a dip in home uninterruptible power supply (UPS) demand due to a weak season.

Exide sees long-term potential in electric vehicle markets but is cautious about estimating returns from its new ventures until market adoption becomes clearer.

Source:PTI