Exide Industries reports strong quarterly profit growth on rising auto demand

Monday 04 May 2026 - 10:00

Indian battery manufacturer Exide Industries Ltd reported a significant increase in its quarterly performance, supported by strong demand from the automotive sector and favorable tax policies.

The company benefited from sustained growth in vehicle sales across multiple segments, including two-wheelers, three-wheelers, and passenger cars, which all recorded solid year-on-year increases.

Higher revenue and improved profitability

Exide Industries recorded a sharp rise in net profit for the quarter ending March 31, reflecting improved operational performance. Revenues also increased steadily, driven by higher battery demand across both automotive and industrial applications.

The company’s growth was largely supported by recent tax reductions in India, which boosted consumer purchasing power and encouraged vehicle sales.

Auto sector remains the key growth driver

The Indian automotive industry continues to play a central role in Exide’s performance. Demand for batteries used in vehicles has remained strong, particularly in replacement markets and new vehicle production.

Growth in electric mobility and increased vehicle ownership have further strengthened the company’s core business segments.

Challenges in export markets

Despite strong domestic performance, Exide’s export business recorded a decline. The company cited global disruptions, including geopolitical tensions and logistical constraints, which have affected shipping routes and container availability.

These challenges have limited international sales growth compared to the strong domestic market performance.

Outlook remains positive despite cost pressures

Company leadership expressed optimism about continued growth in the coming quarter, particularly in automotive and inverter-related segments. However, management also highlighted potential cost pressures linked to currency fluctuations, especially the depreciation of the Indian rupee.

Overall, Exide Industries expects its core businesses to maintain strong momentum, supported by steady demand in India’s expanding automotive market.