Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q3 FY26 Earnings Presentation
34 slides from Eureka Forbes's earnings presentation, Feb 4, 2026
Slide 1: Exchange cover letter for press release and presentation
February 04, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 543482 Scrip ID: EUREKAFORB Symbol: EUREKAFORB Ref.: EFL/BSE/2025-26/65 R
Slide 2: Press Release: Financial Results for Q3 & 9M FY26
PRESS RELEASE Mumbai, February 04, 2026 Financial Results for Q3 & 9M FY26 Eureka Forbes reports 8.0% YoY revenue growth led by multiple growth drivers; Momentum continues in Robotics and Service bookings with strong double-digit growth; Air Purifiers grow 3x; Adj. EBITDA margin expanded 57bps YoY t
Slide 3: CEO commentary on Q3 FY26 performance
Commenting on the Q3 FY26 performance, Mr. Pratik Pota, MD, and CEO, Eureka Forbes Limited said, “We witnessed a resilient performance in Q3 FY26 in a challenging macro environment. Revenue grew 8% YoY and adjusted EBITDA margin expanded by 57bps YoY to reach 11.3%. Our Water Purifier portfolio face
Slide 4: Eureka Forbes Q3 FY26
EUREKA of FORBES Friends For Life Q3 FY26 Earnings Presentation February 4, 2026 To EUREKA of FORBES Friends For Life
Slide 5: Disclaimer
Disclaimer The statements contained in this document speak only as at the date as of which they are made and certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ with
Slide 6: Q3 FY26 Executive Summary
➢ Q3 FY26 Executive Summary ➢ Q3 FY26 Highlights ➢ Strategy Update ➢ 9M FY26 Summary ➢ Industry Update 3
Slide 7: Executive Summary (1/2)
Executive Summary (1/2) Service Business Growing Category Relevance Multiple Growth Drivers Service business turnaround GrowthRobust growth Momentum in a Continued challenging environment Significantly higher awareness on water Revenue Growth of 8.0% YoY led Third consecutive quarter of and air qual
Slide 8: Executive Summary (2/2)
Executive Summary (2/2) Update on Macro Environment ▪ Following a decent festive period, slowdown visible in consumer demand in Q3 FY26 ▪ Elevated trade inventories across channels for EFL & the wider consumer durables sector weighed on growth ▪ Recent concerns on water and air quality have signific
Slide 9: Q3 FY26 Financial Highlights (Standalone Results)
Q3 FY26 Financial Highlights (Standalone Results) Q3 FY26 Q3 FY25 YoY Revenue Rs. 645.4Cr Rs. 597.8Cr +8.0% Adj. EBITDA * Rs. 73.2Cr Rs. 64.4Cr +13.7% Adj. EBITDA Margin 11.3% 10.8% +57bps Adj. PBT ** Rs. 58.5Cr Rs. 52.6Cr +11.3% Rs. 39.0Cr *** +11.9% PAT Rs. 9.0Cr Rs. 34.8Cr -74.2% * Adjusted (Adj.
Slide 10: Q3 FY26 Highlights
➢ Q3 FY26 Executive Summary ➢ Q3 FY26 Highlights ➢ Strategy Update ➢ 9M FY26 Summary ➢ Industry Update 7
Slide 11: Q3 FY26 Standalone P&L Statement
Q3 FY26 Standalone P&L Statement Particulars (Rs. Cr) Q3 FY26 Q3 FY25 YoY (%) Q2 FY26 QoQ (%) Revenue 645.4 597.8 8.0% 773.4 -16.5% Employee Benefit Expenses 78.6 73.3 7.2% 80.0 -1.8% Service Charges 80.5 74.0 8.8% 84.8 -5.1% Other Expenses 160.2 132.1 21.3% 170.6 -6.1% Total Expenses 319.3 279.4 14
Slide 12: Revenue: Resilient Performance In A Challenging Environment
Revenue : Resilient Performance In A Challenging Environment Revenue Growth YoY 14.9% 11.0% 10.8% 9.9% 8.0% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 ▪ Products business performance led by strong growth in Robotics ▪ Water Purifiers growth impacted due to high channel inventory; however, gain in marke
Slide 13: Adj. EBITDA Margin: 57 bps YoY Margin Expansion
Adj. EBITDA Margin : 57 bps YoY Margin Expansion Adj. EBITDA Margin 13.1% 13.0% 11.0% 11.3% 10.8% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 ▪ Gross margin expansion of 331 bps YoY driven by COGS program ▪ Growth investments continued with 23% YoY increase in A&SP spends Adjusted (Adj.) EBITDA is defin
Slide 14: Net Surplus: Touches INR 300 Cr For The First Time
Net Surplus : Touches INR 300 Cr For The First Time Net Surplus (Rs. Cr) 300 284 254 218 228 Q3 FY25 Q4 FY25 Q1 FY26 Q2FY26 Q3 FY26 Net Surplus 191 259 227 199 271 (Post lease liability) ▪ Credit rating : ▪ Upgraded to CARE AA; Stable (from CARE AA-; Stable) – Fourth rating upgrade in 3 years ▪ Re-a
Slide 15: Strategy Update
➢ Q3 FY26 Executive Summary ➢ Q3 FY26 Highlights ➢ Strategy Update ➢ 9M FY26 Summary ➢ Industry Update 12
Slide 16: Our Ambition: >2x Revenue And >3x EBITDA In 5 Years
Our Ambition : >2x Revenue And >3x EBITDA In 5 Years FY30 CAGR FY23 FY25 Ambition (5 year) Revenue (Rs. Cr) 2,080 2,436 5,400-5,600 17% - 18% Adj. EBITDA (Rs. Cr) 132 285 800-850 23% - 24% Adj. EBITDA Margin 6.3% 11.7% ~15.0% Adjusted (Adj.) EBITDA is defined as PBT (before exceptional items) + Fina
Slide 17: EFL Transformation Strategy
EFL Transformation Strategy Re-Imagine EFL As A D2C Health and Hygiene Tech Leader Provide Every Indian Access to Safe & Healthy Water, Clean Earth & Pure Air Grow Expand Excel In Build D2C Water Portfolio Service Platform Penetration Convenient Cleaning Customer Experience Convenience Premiumizatio
Slide 18: Grow Water: Performance Led By Economy Segment
Grow Water : Performance Led By Economy Segment Key Highlights Aquaguard With 2-Year Filter Life Strong growth in Economy segment New SKUs 9 launched ~3/4th Revenue contribution from 2x portfolio Click on the above image to view the video 15
Slide 19: Launch Of Our Most Premium Water Purifier Yet!
Launch Of Our Most Premium Water Purifier Yet! Launch of Aquaguard Arctic Blaze (Instant Hot, Cold & Ambient) At a Price Point of Rs. 79,999 16
Slide 20: New Category Creation: Strong Growth Continued In Robotics
New Category Creation : Strong Growth Continued In Robotics Key Highlights Contribution to >60% Vacuum Cleaner sales Increase in ASP, driven by mix of premium products Broad-based growth across channels Click on the above image to view the video 17
Slide 21: Air Purifier: Volume Led Exponential Growth
Air Purifier : Volume Led Exponential Growth Key Highlights 3x Revenue YoY 2 New SKUs Smoke chambers In Store demonstration at Activation retail outlets Click on the above image to view the video 18
Slide 22: Service: Strong Growth In Bookings; New Filter Portfolio Launched
Service : Strong Growth In Bookings; New Filter Portfolio Launched Key Highlights Universal kits 5 launched to simplify filter assortment 24-hour complaint resolution TAT Consecutive quarter of 3rd double-digit growth in AMC bookings 19
Slide 23: Transformation Investments: Focused On Long Term Capabilities
Transformation Investments : Focused On Long Term Capabilities Transformation Investments 63 Cr YTDvs.FY26 Capex Spends Rs. 59 Cr in FY25 YoY increase in A&SP 16% spends in YTD FY26 20
Slide 24: Management Views
Management Views “We witnessed a resilient performance in Q3 FY26 in a challenging macro environment. Mr. Pratik Pota Revenue grew 8% YoY and adjusted EBITDA margin expanded by 57bps YoY to reach 11.3%. MD & CEO Our Water Purifier portfolio faced challenges due to a post-festive slowdown and elevate
Slide 25: 9M FY26 Summary
➢ Q3 FY26 Executive Summary ➢ Q3 FY26 Highlights ➢ Strategy Update ➢ 9M FY26 Summary ➢ Industry Update 22
Slide 26: 9M FY26 Standalone P&L Statement
9M FY26 Standalone P&L Statement Particulars (Rs. Cr) 9M FY26 9M FY25 YoY (%) Revenue 2,026.6 1,823.5 11.1% Employee Benefit Expenses 240.0 227.4 5.6% Service Charges 246.6 215.4 14.5% Other Expenses 464.3 408.6 13.6% Total Expenses 950.8 851.3 11.7% Total Expenses % of Revenue 46.9% 46.7% 23bps Adj
Slide 27: Industry Update
➢ Q3 FY26 Executive Summary ➢ Q3 FY26 Highlights ➢ Strategy Update ➢ 9M FY26 Summary ➢ Industry Update 24
Slide 28: Under Penetrated Categories With Long Runway For Growth
Under Penetrated Categories With Long Runway For Growth FY23 FY30E Category CAGR Penetration (Rs. Cr) (Rs. Cr) Water Purifier – Product 4,350 10,200 13% 7% Water Purifier – Service 3,660 9,000 14% <25% Water Softeners 1,000 3,000 17% <1% Vacuum Cleaners 509 3,000 29% 2% Air Purifiers 230 1,100 25% 1
Slide 29: Macro Factors Supportive Of Growth
Macro Factors Supportive Of Growth Growing incomes Urbanization Working Women Piped Water middle class fastest By 2036, 40% of Female labour Force went up from 16.8% growing segment of Indians will live in participation rate in 2019 to 77.2% the population; towns and cities, up increased to from Hou
Slide 30: Contact Us
Contact Us Corporate Identification No: L27310MH2008PLC188478 Regd. & Corporate Office: B1/B2, 7th Floor, 701, Marathon Innova, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Website: https://www.eurekaforbes.com/ Investor Relations: Nupur Agarwal, Head – Investor Relations Investor e-mail id: I
Slide 31: Thank You
THANK YOU <i" FORBES
Slide 32: About Eureka Forbes Limited
Annexure About Eureka Forbes Limited 29
Slide 33: Eureka Forbes: Evolution
Eureka Forbes: Evolution Electrolux & Shapoorji Pallonji Advent Tata Group Group International Professionally managed company governed by an 1982 2002 2022 Independent Board Joint Venture Subsidiary of a Publicly listed Public Company Company Shareholding 62.56 % Advent International 30
Slide 34: Eureka Forbes: Overview
Eureka Forbes: Overview Widespread Service Pioneers & Leaders Market Leader Iconic consumer brand Omni channel presence network Legacy of innovation Diversified Portfolio Aquaguard Balanced revenue profile Competitive moat Market leaders in Water Dense service network Vacuum Cleaners launched 2 icon