Panasonic Energy India Company Announces Annual Results for FY2024-25; Records 14.35% increase in PBT

Indore, May 21, 2025: Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today announced its annual results for the financial year ending March 31, 2025. During the same fiscal year, the company registered 14.35% profit before tax (PBT) and closed the balance sheet with a market cap of over ₹2586 million. The company reported an EBITDA of ₹220.72 million, a 14.96% increase from ₹192.00 million, and an Earnings Per Share (EPS) of ₹15.70, improved from ₹15.52 in the previous fiscal year.

While announcing the results, Mr. Akinori Isomura, Chairman and Managing Director Panasonic Energy India Co. Ltd. (PECIN) said, “We see India as an opportunity and have been regularly exploring prospective investments to expand our operations and product portfolio. We are pleased with our continued growth trajectory in FY24-25, particularly the significant growth in profitability metrics. While the slight dip in revenue is attributed to the exceptional B2B order last year, our core business has shown resilient growth of 3% when adjusted for this factor. We are pursuing a three-pillar strategy to drive future growth, focusing on stabilizing strategic investment in Salesforce automation to boost productivity and operational efficiency, expanding product portfolio aligned with customer demand while expanding distribution through all the channels including quick-commerce platforms to tap emerging markets, and increasing investment in brand-building campaigns to enhance brand visibility and strengthen affinity for Panasonic dry cell batteries.”

The PECIN factory in Pithampur (Madhya Pradesh) is a Carbon Neutral Factory and has received a Certificate of Verification Carbon Unit (VCU) Retirement from Verra. Additionally, it has been certified by the International REC Standard. We have recently installed additional solar panels at our PECIN factory generating (150KV) to ensure 30% solar coverage (maximum permissible limit as per state guidelines) aimed at Co2 reduction. The wastewater treatment at the factory results in zero discharge of wastewater and furthermore, 50% of factory land has a forest cultivated by PECIN. At present, company uses approximately 6% recycled materials in their products which is in-line to the direction of 3R (Reduce, Reuse Recycle). The company is committed to invest more on plantation of trees for the 2^nd year under its Corporate Social Responsibility initiatives in line with Schedule VII of the Companies Act, 2013.

On manufacturing front, PECIN aims for better quality of human life and preservation of the planet. Majority of the products manufactured by the Company are eco-friendly in nature with no addition of (Mercury) Hg, (Cadmium) Cd, (Lead) Pb. Company’s manufactured products are compliant with the limits set by RoHS Directives (EU) 2015/863. Currently, the product portfolio is around 87% zinc carbon batteries and 5% alkaline batteries, 5% rechargeable batteries, and 3% Lithium coin batteries.

Numbers at a glance:

About Panasonic Energy India Company:
Panasonic Energy India Co. Ltd., established in the year 1972 as Lakhanpal National Limited, is one of India's largest manufacturers & supplier of dry cell batteries. Headquartered in Vadodara (Gujarat), the Company is a part of global Panasonic Holdings Corporation, world's leading manufacturer of audio-visual equipment, home appliances, electronic components, automotive electronics and environmental systems. To learn more, please visit - https://www.panasonicenergyindia.in/

About the Panasonic Group
Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

For more information, please contact:
Rachamalla Pritesh, Panasonic, email: Pritesh.rachamalla@in.panasonic.com; Mobile: +918860404324
Nitesh Verma, MSL India, email: nitesh.verma@mslgroup.com, Mobile: +918800806568