Eureka Forbes Ltd — earnings calls

Eureka Forbes reported Q1 FY27 revenue of INR701 crores, up 15.3% year-on-year, driven by broad-based growth in the product business, especially water purifiers which grew in high teens on double-digit volume growth. Adjusted EBITDA margin came in at 10.5%, down 46 basis points year-on-year, due to lower gross margins and higher planned growth investments, while reported PAT grew 44% to INR55 crores aided by a one-time gratuity reversal. Service revenue growth tracked at levels similar to the prior quarter, with management noting that price increases in AMC led to some deferral in bookings.

Eureka Forbes reported Q4 FY26 revenue growth of 11.6% year-on-year to Rs 684 crores, with an adjusted EBITDA margin of 13.2%, described by management as the highest ever for a quarter. For the full year, revenue grew 11.3% to Rs 2,710 crores with adjusted EBITDA of Rs 332 crores at a 12.2% margin, up 55 basis points over FY25. Management said input cost inflation intensified during the quarter due to the West Asia crisis and currency depreciation, prompting a price increase of 6-7% implemented in April.