The softness in prices of battery-making metals also helped Amara Raja Energy & Mobility and Exide Industries post profit climbs in the third quarter. While the two also make batteries, Amara Raja and Exide cater more to automobile and industrial needs while Eveready’s products are for household use.

Eveready’s revenue, however, fell almost 8% to ₹3.05 billion. “The pattern of softer rural consumption in key battery-flashlight segments and continuing industry phenomenon of value diminution in the lighting segment reflected the third-quarter performance,” the company said in a statement.