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Informist, Tuesday, Feb. 3, 2026

 

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--Exide Ind: Export ops to return to historical highs by end of FY27 
--CONTEXT: Comments by Exide Ind's mgmt in post-earnings press call 
--Exide Ind: Auto aftermarket will grow in early double digits in FY27 
--Exide Ind: See exports bouncing back in FY27 on a low base 
--Exide Ind: Two-wheeler primary, aftermarket to grow on back of rural spend 
--Exide Ind: Auto OEM FY27 growth to be strong on low base, at least Q1, Q2 
--Exide Ind:To sign deal with EU partner to serve multiple countries in bloc 
--Exide Ind: To invest INR 14 bln in arm Exide Energy in FY27 
--Exide Ind: See revenue growing to INR 250 bln at group level by 2030

 

MUMBAI – Exide Industries Ltd. has set its eyes on driving its top line at the group-level to INR 250 billion by 2030, company executives told reporters in an interaction Tuesday. Exide's revenue in 2024-25 (Apr-Mar) stood at INR 165.88 billion. "Our main idea was to reach INR 200 billion, maybe, in another 2-3 years. But we should reach INR 250 billion by 2030 as a group because by that time the lithium-ion revenue will also flow in," the company said.

 

The company's board recently approved investing INR 14 billion in its subsidiary Exide Energy Solutions Ltd., through which it manufactures lithium-ion battery cells. The company has already invested INR 42.52 billion in the subsidiary in FY26 so far, which it expects to go up to INR 48 billion by the end of the March quarter.

 

"We will invest INR 14 billion in Exide Energy next year, which will be a mix of balance payout of capital project and the rest for working capital requirement," a top executive at the company said. The company has been investing heavily in its lithium-ion project as it attempts to be future-ready, its executives said. "Investment for tomorrow...which is the Lithium-ion project. And therefore we are very bullish on this project that we have to be future ready," the company told analysts in a post-earnings conference call earlier Tuesday.

 

Exide set up new partnerships in different countries as it manoeuvred geopolitical uncertainties. The company will soon announce a new partnership with a company in the European Union wherein it is the largest supplier to many forklift manufacturers. "So this will cover multiple countries in the European Union, where we will have our partner offering the final sales service and other value addition locally. And we will supply the core components from India to countries there," the company said. This would be a finished product which would be service intensive.

The company expects the market to give it an opportunity to improve its top line by high single-digit to low double-digit next year as pressure is seemingly bottoming out for many of its businesses. This will be driven in part by a low-double-digit growth in the automotive aftermarket segment in FY27. Additionally, the battery maker expects the automobile sector to have a good growth in the first two quarters of FY27 at least, given a low base. The two-wheeler industry is expected to lift the company's top line growth further as increasing rural expenditure has spurred consumption.

 

Exports too are expected to bounce back on a low base next year. Exports contributed 5-7% to the company's revenue in the December quarter. The company expects a slew of product launches and improving global markets to boost its exports contribution back to the high of 8-10% to its revenue seen some years ago. While the company did not commit to a fixed timeline for this to happen, contribution is expected to increase by next financial year.

 

Exide disclosed its December quarter financials on Friday. It reported a net profit of INR 2.58 billion on revenue of INR 40.30 billion. Tuesday, its shares closed over 2% higher at INR 328 on the National Stock Exchange.  End

 

Reported by Anand JC and Astha Oriel

Edited by Ashish Shirke

 

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