The demand has been robust, especially for AAA batteries, Amritanshu Khaitan, MD of Eveready Industries said in an interview to CNBC-TV18.

“This has happened primarily because of dumping of Chinese batteries reducing as the government has made BIS (Bureau of Indian Standards) mandatory therefore, strong demand for local products rather than products coming in from China,” he added.

Khaitan said the margins in Q2 were inflated due to aggressive cost savings due to COVID-19.

Khaitan expects the industry to see 5-7 percent volumes growth in the coming years, he added.

For entire interview, watch video