Exide is poised to gain from the recovery in the auto and industrial battery segments

Battery manufacturer Exide Industries has been an underdog in the last few years, with competitor Amara Raja Batteries making the most of its misfortunes. Loss of market share and shrinking margins weighed down Exide’s performance. But the tide has changed. Exide has consistently clocked profit growth of 25-35 per cent in the last few quarters and is well poised to gain from the recovery in both t...