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Eveready Industries, which is into the manufacturing of dry batteries, has reported a net profit of Rs.17.54 crore for the second quarter of the 2009-10 fiscal ended on Sep 30 when compared to the Rs.2.26 crore reported during similar period last fiscal.
"Price of zinc, a key input material, was softer in the current quarter as compared to the second quarter of the previous year, but this gain got more than eroded on account of a weak currency in current quarter," the statement said.
A 7% growth has been reported in the volume of sales of batteries.
"The packet tea business continued with its steady performance through leveraging of the distribution network of the company," Eveready said.
"Current share of the market stands at 2-6 percent in the various markets of the country. Focus is currently being given to make the business profitable."
