Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q3 FY25 Earnings Presentation
34 slides from Eureka Forbes's earnings presentation, Feb 10, 2025
Slide 1: Exchange filing letter to BSE and NSE
February 10, 2025 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/2024-25/77 R
Slide 2: Press Release: Financial Results for Q3 FY25 & 9M FY25
PRESS RELEASE Mumbai, February 10, 2025 Financial Results for Q3 FY25 & 9M FY25 Eureka Forbes reports 54% PAT growth on the back of fifth successive quarter of double-digit revenue growth Eureka Forbes Limited, one of India’s largest health and hygiene companies, today announced its financial result
Slide 3: About Eureka Forbes and Safe Harbor Statement
About Eureka Forbes: Eureka Forbes Limited is India’s leading health and hygiene brand. With over four decades of existence, it is today a multi-product and an omni-channel organization. Eureka Forbes’ product portfolio encompasses water purification, vacuum cleaning and air purification. It has dir
Slide 4: Q3 FY25 Earnings Presentation
Q3 FY25 Earnings Presentation February 10, 2025 l! ! ! ! ! i! i! ! ! ! _ i 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: Agenda: Q3 FY25 Highlights
➢ Q3 FY25 Highlights ➢ 9M FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 3
Slide 7: Q3 FY25 Highlights (Standalone Results)
Q3 FY25 Highlights (Standalone Results) Q3 FY25 Q3 FY24 YoY Revenue Rs. 597.8Cr Rs. 538.6Cr +11.0% Continuing Business^ - - +11.3% 012262 Adj. EBITDA* Rs. 64.4Cr Rs. 52.9Cr +21.6% Adj. EBITDA Margin* 10.8% 9.8% +94bps Adj. PBT** Rs. 52.6Cr Rs. 40.9Cr +28.7% PAT Rs. 34.8Cr Rs. 22.7Cr +53.6% ^ Exclude
Slide 8: Q3 FY25 Standalone P&L Statement
Q3 FY25 Standalone P&L Statement I I I I I Particulars (Rs. Cr) Q3 FY25 Q3 FY24 YoY (%) Q2 FY25 QoQ (%) I I I I I I I I I I I I I I I I I I I I Revenue 597.8 538.6 11.0% 672.9 -11.2% Employee Benefit Expenses 73.3 71.9 2.0% 78.0 -6.0% Service Charges 74.0 70.2 5.4% 72.3 2.3% Other Expenses 132.1 122
Slide 9: Revenue: Sustained double digit growth
Revenue : Sustained double digit growth Revenue Growth 16.8% 14.7% 11.4% 10.8% 11.3% 14.1% 13.6% 012262 11.0% 8.8% 9.4% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Reported Continuing Business^ ▪ Continuing business grew 11.3% YoY ▪ Double digit growth continued in Products business ▪ EWP Premium portfo
Slide 10: India's First Smart Purifier
INDIA’S FIRST SMART PURIFIER with Device Health | Water Quality Water Consumption Filter Life Check Indication Tracker Monitoring “38 i Aquaguard q guar PRO 2X
Slide 11: Launched India's first IoT enabled smart purifier
Product : Launched India’s first IoT enabled smart purifier 012262 Aquaguard Ritz Pro 2x Life Salient features include Device Health Check, Hydration Monitor, Filter Life Indicator and Automated Alerts --------------·'="='= -----=----=-----=-----=----=-----=-----=----=-----=-----=----=-----=-----=--
Slide 12: Adj. EBITDA Margin: Expanded 94bps YoY
Adj. EBITDA Margin* : Expanded 94bps YoY Adjusted EBITDA Margin* % 94 bps VoY •----------------------------------------------------------------------------------------► 11.2% 11.5% 11.5% 10.8% 9.8% 012262 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 ▪ Adj. EBITDA margin expansion driven by operating leve
Slide 13: Net Surplus: Further improvement in cash position
Net Surplus : Further improvement in cash position Net Surplus (Rs Cr) 191 119 108 60 012262 60 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 ▪ Credit rating : o Upgraded to CARE AA-; Stable o First-time rating : CRISIL AA-; Stable ....J_EUREKA 10 uFORBES
Slide 14: Management Views
Management Views Mr. Pratik Pota “We are pleased to report the fifth successive quarter of double-digit growth MD & CEO in our continuing business which grew by 11.3% in Q3 FY25. In the context of a relatively muted demand environment, the momentum in our product business continued and our product b
Slide 15: Agenda: 9M FY25 Highlights
➢ Q3 FY25 Highlights ➢ 9M FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 12
Slide 16: 9M FY25 Highlights (Standalone Results)
9M FY25 Highlights (Standalone Results) 9M FY25 9M FY24 YoY Revenue Rs. 1,823.5Cr Rs. 1,636.1Cr +11.5% Continuing Business^ - - +12.4% 012262 Adj. EBITDA* Rs. 205.3Cr Rs. 164.5Cr +24.8% Adj. EBITDA Margin* 11.3% 10.1% +120bps Adj. PBT** Rs. 167.9Cr Rs. 123.5Cr +36.0% PAT Rs. 112.5Cr Rs. 70.2Cr +60.3
Slide 17: 9M FY25 Performance: Sustained double digit growth leading to 60% PAT growth
9M FY25 Performance : Sustained double digit growth leading to 60% PAT growth * ' ' ' Particulars (Rs. Cr) ' I 9M FY25 ' I 9M FY24 ' I YoY (%) I Sustained YoY double-digit revenue growth ^ ' ' ' ' ' ' Revenue 1,823.5 1,636.1 11.5% Q3 FY25 11.3% Employee Benefit Expenses 227.4 218.2 4.2% Q2 FY25 14.7
Slide 18: Agenda: Overview
➢ Q3 FY25 Highlights ➢ 9M FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 15
Slide 19: Eureka Forbes: Overview
Eureka Forbes: Overview Advent Electrolux & Tata Group Shapoorji Pallonji Group International I Professionally managed 012262 company governed by an 1982 2002 2022 Independent Board Joint Venture Subsidiary of a Publicly listed Public Company Company Shareholding 62.56 % Advent International ....J_E
Slide 20: Pioneers & Leaders
Pioneers & Leaders Vacuum Cleaners Water Purifiers Direct Selling ....J_EUREKA 17 uFORBES
Slide 21: Diversified Portfolio
Diversified Portfolio Market leaders in Water Purifiers and Vacuum Cleaners Wide range of products with state- of-the-art technology • l"OOl!C Product portfolio catering to both B2C and B2B customers Diversified revenue streams across product and service ....J_EUAEKA 18 uFORBES
Slide 22: One of the strongest consumer brands in India
: One of the strongest consumer brands in India Universal Brand Awareness and Consideration 40 Years of Unconditional Trust and Acceptance Click on the image to view the video 19
Slide 23: Omni Channel Presence
Omni Channel Presence • Direct Sales • General Trade • Modern Retail • Ecommerce • D2C • B2B • Canteen Stores (CSD) 20
Slide 24: Extensive Service network and strong customer connect
Extensive Service network and strong customer connect 19,500 ~14 21
Slide 25: EFL Management Team
EFL Management Team 012262 22
Slide 26: Agenda: Industry
➢ Q3 FY25 Highlights ➢ 9M FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 23
Slide 27: Macro factors supportive of growth
Macro factors supportive of growth 012262 Growing incomes Urbanization Working Women Middle class fastest By 2036, 40% of Indians Female Labour Force growing segment of the will live in towns and Participation Rate population; cities, up from 31% in increased to from 33% in 1 2 3 1 Billion by 2047 2
Slide 28: Macro factors supportive of growth (cont.)
Macro factors supportive of growth (cont.) 012262 Piped Water Electrification Unpredictable Increasing Importance Given To Health & Domestic Help Hygiene 2 Went up from 16.8% in 96.7% Households 2019 to 77.2% Households Need For Convenient Increased Frequency Of 1 Back Up in 2024 Cleaning Homes Post
Slide 29: Water Purifier Industry to grow at ~13% CAGR during FY23-FY30P
Water Purifier Industry to grow at ~13% CAGR during FY23-FY30P Water Purifier Penetration (CY2022) Water Purifier Industry – Products (Rs Cr) South Korea 13% CAGR 10,200 60% Penetration % China 012262 21% 4,350 India Thailand 6% 20% Per Capita (‘000$) FY2023 FY2030P Key tailwinds Growing awareness a
Slide 30: Water Purifier Services to become a Rs 9,000 Cr market by FY30P
Water Purifier Services to become a Rs 9,000 Cr market by FY30P Water Purifier Industry – Service (Rs Cr) 14% CAGR 9,000 012262 3,660 FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (reproduced with permission) 27
Slide 31: Vacuum Cleaner Market to triple by FY30P
Vacuum Cleaner Market to triple by FY30P Vacuum Cleaner Penetration Vacuum Cleaner Industry (Rs Cr) 17% CAGR Japan 1,548 90% Hong Kong 80% 012262 Penetration % 509 China 20% India 2% Per Capita (‘000$) FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (
Slide 32: Rising demand for Air Purifiers amid deteriorating air quality
Rising demand for Air Purifiers amid deteriorating air quality Global Air Quality Index (AQI*) (CY2022) Air Purifier Industry (Rs Cr) ^ 83 out of 100 most polluted cities globally are in India, exceeding WHO’s air quality guidelines by more than 10 times 108 18% CAGR 749 012262 71 49 34 36 30 31 31
Slide 33: 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 e-mail id: Investor.Relations@eurekaforbes.com EFL BSE Scrip Code : 54348
Slide 34: Thank You
THANK YOU cP FORBES