Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q1 FY26 Earnings Presentation
29 slides from Eureka Forbes's earnings presentation, Aug 11, 2025
Slide 1: Exchange filing cover letter for Q1 FY26 results
August 11, 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/2025-26/25 Ref
Slide 2: Press Release: Financial Results for Q1 FY26
PRESS RELEASE Mumbai, August 11, 2025 Financial Results for Q1 FY26 Robust 9.9% revenue growth in a challenging environment, PAT grows 24.1%; Volumes drive Product business to 7th successive quarter of double-digit growth; Turnaround in Service business with double-digit growth in service bookings E
Slide 3: About Eureka Forbes and Safe Harbor Statement
As we look forward to the third year of our transformation, we could not be more excited at what lies ahead. Our categories have low penetration and offer immense potential, and we are confident that we have the right strategy and set of plans to win in the market and deliver sustained and profitabl
Slide 4: Q1 FY26 Earnings Presentation
Qi FY26 | Earnings 4 Presentation August 11, 2025
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
➢ Q1 FY26 Executive Summary ➢ Q1 FY26 Highlights ➢ Strategy Update ➢ Industry Update 3
Slide 7: Executive Summary (1/2)
Executive Summary (1/2) 7th successive quarter of double- Robust growth in a th successive quarter of double- 7digit Service business turnaround Robust environment growth in a growth in product business Service business turnaround challenging digit growth in products business challenging environm
Slide 8: Executive Summary (2/2)
Executive Summary (2/2) Update on Macro Environment ▪ Consumer sentiment soft ▪ Weak demand in summer categories impacted trade Working Capital ▪ The categories in which we operate are under penetrated and have a long runway for growth Update on Strategy ▪ Category penetration: Launched the 2x water
Slide 9: Q1 FY26 Financial Highlights (Standalone Results)
Q1 FY26 Financial Highlights (Standalone Results) Q1 FY26 Q1 FY25 YoY Revenue Rs. 607.7Cr Rs. 552.8Cr +9.9% Adj. EBITDA * Rs. 66.9Cr Rs. 63.4Cr +5.5% Adj. EBITDA Margin * 11.0% 11.5% -46bps Adj. PBT ** Rs. 57.3Cr Rs. 50.2Cr +14.2% PAT Rs. 38.5Cr Rs. 31.0Cr +24.1% * Adjusted (Adj.) EBITDA is defined
Slide 10: Agenda
➢ Q1 FY26 Executive Summary ➢ Q1 FY26 Highlights ➢ Strategy Update ➢ Industry Update 7
Slide 11: Q1 FY26 Standalone P&L Statement
Q1 FY26 Standalone P&L Statement Particulars (Rs. Cr) Q1 FY26 Q1 FY25 YoY (%) Q4 FY25 QoQ (%) Revenue 607.7 552.8 9.9% 612.5 -0.8% Employee Benefit Expenses 81.4 76.0 7.0% 79.0 3.0% Service Charges 81.2 69.1 17.6% 83.0 -2.1% Other Expenses 133.5 125.8 6.1% 122.9 8.6% Total Expenses 296.1 270.9 9.3%
Slide 12: Revenue: Growth Sustained In Challenging Market Conditions
Revenue : Growth Sustained In Challenging Market Conditions Revenue Growth 13.6% 11.0% 10.8% 9.4% 9.9% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 ▪ Growth momentum sustained with 9.9% YoY increase ▪ Double-digit volume and value growth in both water purifiers and vacuum cleaners ▪ Double-digit growth i
Slide 13: Adj. EBITDA Margin: Steady Margin Profile Continues
Adj. EBITDA Margin : Steady Margin Profile Continues Margin Walk 183bps 11.5% 11.0% -87bps -75bps -67bps Q1 FY25 Gross Margin Operating Leverage Service Charge Growth Spends Q1 FY26 Adj. EBITDA Adj. EBITDA ▪ Gross Margin remained stable and range bound, sequential improvement of 20bps ▪ Operating L
Slide 14: Net Surplus: Healthy Cash Balance
Net Surplus : Healthy Cash Balance Net Surplus (Rs. Cr) 284 254 218 148 89 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Net Surplus 60 119 191 259 227 (Post lease liability) 11
Slide 15: Agenda
➢ Q1 FY26 Executive Summary ➢ Q1 FY26 Highlights ➢ Strategy Update ➢ Industry Update 12
Slide 16: Vision: EFL As D2C, Health Tech Company
EFL Transformation Strategy Vision : EFL As D2C, Health Tech Company Grow Expand Excel In Grow Digital Water Portfolio Service Business Penetration Convenient Cleaning Customer Experience Convenience Premiumization Air Lifetime Value Commerce Innovations Execution Excellence Productivity Capability
Slide 17: Grow Water: 2x Water Purifier Launched Across Price Points
Grow Water : 2x Water Purifier Launched Across Price Points Key Highlights 2X Introduced Across Portfolio Filter life 2Yr product targeted at non-user Total SKUs 43 across price points Delight Neo Copper Blaze Insta Designo Rs. 10,499/- Rs. 15,499/- Rs. 27,500/- Rs. 29,500/- New Advertising Campaign
Slide 18: New Category Creation: Rapid Growth In Robotics Continued
New Category Creation : Rapid Growth In Robotics Continued Key Highlights New range of products & advertisement campaign for Robotics YoY growth in 52% Robotics Contribution of >50% Robotics to Vacuum Cleaner sales Increase in Robotics ~3x range of products; Total 10 SKUs 15
Slide 19: Service: Turnaround Achieved With Double Digit Bookings Growth
Service : Turnaround Achieved With Double Digit Bookings Growth Key Highlights • Volume growth in both online and offline channels Service Service business Bookings • Multiyear AMC growth > single year AMC growth – 1/3rd contribution to total revenue* better customer lock in Double digit >10% Servic
Slide 20: Transformation Investments: Focused On Long Term Capability Build
Transformation Investments : Focused On Long Term Capability Build Transformation Investments • Capex guidance : Rs. 50 Cr – 60 Cr annually Capex Capex spends at an • Focused on product innovation and digitization average of Rs. 45 Cr per ~3x year since last 2 years vs 18 Cr (pre transformation) R&D
Slide 21: Management Views
Management Views “In an extremely challenging demand environment, we are proud of the solid, all-round performance delivered by EFL. Revenues grew by 9.9% on the back of double-digit growth in our product portfolio, in both volume and value. Profitability continued to improve and Profit After Tax Mr
Slide 22: Agenda
➢ Q1 FY26 Executive Summary ➢ Q1 FY26 Highlights ➢ Strategy Update ➢ Industry Update 19
Slide 23: Under penetrated categories
Water Purifier 6% penetration Rs. 4.4k Cr in FY23 -> Rs. 10k Cr in FY30 CAGR of 13% Under penetrated categories Vacuum Cleaner Long runway for growth 2% penetration Rs. 0.5k Cr in FY23 -> Rs. 1.5k Cr in FY30 CAGR of 17% Water Softener Rs. 1k Cr in FY23 -> Rs. 1.9k Cr in FY30 CAGR of 10% Water P
Slide 24: 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 25: 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 26: Thank You
THANK YOU <i" FORBES
Slide 27: Annexure: About Eureka Forbes Limited
Annexure About Eureka Forbes Limited 24
Slide 28: 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 25
Slide 29: 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