Exide Industries, a leading battery manufacturer in India, reported a 22.7% increase in its profit for the fourth quarter of FY26, amounting to ₹312 crore ($32.8 million), up from ₹255 crore the previous year. This growth is attributed to a surge in automotive demand, bolstered by tax cuts implemented in September 2022. Revenue from operations also saw a 9.4% increase, reaching ₹4,551 crore. The automotive sector, particularly in two-wheeler, three-wheeler, and four-wheeler segments, experienced double-digit growth year-on-year. However, Exide's export business faced a decline due to geopolitical issues that disrupted shipping routes and caused container shortages. Avik Roy, the Managing Director and CEO, expressed optimism for continued growth in the auto, auto replacement, and inverter segments into the first quarter of the current financial year, although he noted that the sustained depreciation of the Indian rupee could increase costs.