KOLKATA: Battery maker Exide Industries today reported a decline of 3.5 per cent in first quarter ending June 17' profit to Rs 189 crore compared to the corresponding period last year despite higher sales. The company earned a revenue of Rs 2376.36 crore during the quarter under review as against a sales of Rs 2264.9 crore in the same period of 2016-17. Last year during this period the company had earned a profit of Rs 196.05 crore. He said organised market comprises 65 -70 per cent of battery market while unorganised players have a share of 30-35 per cent. The replacement battery market size will be close to 20 million a year including organised and unorganised.

Source: Economic Times July 27, 2017 14:48 UTC