Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q2 FY26 Earnings Presentation
31 slides from Eureka Forbes's earnings presentation, Nov 13, 2025
Slide 1: Stock exchange cover letter
November 13, 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/2025-26/48 R
Slide 2: Press Release: Financial Results for Q2 & H1 FY26
PRESS RELEASE Mumbai, November 13, 2025 Financial Results for Q2 & H1 FY26 Eureka Forbes grows 14.9% YoY; 8 successive quarters of double-digit growth in products business. Adj. EBITDA crossed Rs. 100 Cr. for the first time with lifetime high margin at 13.1% Eureka Forbes Limited, one of India’s lar
Slide 3: Press Release continued: About Eureka Forbes
quarter, we have now delivered double digit product growth in every single quarter in the last two years. The service business turnaround accelerated with a strong, double-digit growth in service bookings. Our customer experience improved further, with service levels reaching lifetime highs. Even af
Slide 4: Q2 FY26 Earnings Presentation
Q2 FY26 Earnings q Presentation November 13, 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
➢ Q2 FY26 Executive Summary ➢ Q2 FY26 Highlights ➢ Strategy Update ➢ H1 FY26 Summary ➢ Industry Update 3
Slide 7: Executive Summary (1/2)
Executive Summary (1/2) Strong Revenue Growth High Teens Growth In Service Business 14.9% YoY Product Service Business business turnaround Robust growth Turnaround in a Accelerates challenging environment Healthy growth across categories 8th successive quarter of double and channels digit growth Do
Slide 8: Executive Summary (2/2)
Executive Summary (2/2) Update on Macro Environment ▪ No change in Goods and Service Tax (GST) rates for EFL product categories ▪ Postponement of purchase by both consumers and channel partners in anticipation of GST 2.0 Update on Strategy ▪ Category Penetration: Expanded 2x water purifier range acr
Slide 9: Q2 FY26 Financial Highlights (Standalone Results)
Q2 FY26 Financial Highlights (Standalone Results) Q2 FY26 Q2 FY25 YoY Revenue Rs. 773.4Cr Rs. 672.9Cr +14.9% Adj. EBITDA * Rs. 101.6Cr Rs. 77.5Cr +31.1% Adj. EBITDA Margin * 13.1% 11.5% +162bps Adj. PBT ** Rs. 88.9Cr Rs. 65.1Cr +36.6% PAT Rs. 61.6Cr Rs. 46.7Cr +32.0% * Adjusted (Adj.) EBITDA is defi
Slide 10: Agenda
➢ Q2 FY26 Executive Summary ➢ Q2 FY26 Highlights ➢ Strategy Update ➢ H1 FY26 Summary ➢ Industry Update 7
Slide 11: Q2 FY26 Standalone P&L Statement
Q2 FY26 Standalone P&L Statement Particulars (Rs. Cr) Q2 FY26 Q2 FY25 YoY (%) Q1 FY26 QoQ (%) Revenue 773.4 672.9 14.9% 607.7 27.3% Employee Benefit Expenses 80.0 78.0 2.6% 81.4 -1.6% Service Charges 84.8 72.3 17.3% 81.2 4.4% Other Expenses 170.6 150.7 13.2% 133.5 27.8% Total Expenses 335.4 301.0 11
Slide 12: Revenue: Momentum Continues - Strong Growth On A High Base
Revenue : Momentum Continues - Strong Growth On A High Base Revenue Growth YoY 14.9% 13.6% 11.0% 10.8% 9.9% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 ▪ Increase in revenue of over Rs. 100 Cr YoY for the 1st time ever ▪ Robust volume led growth in Water Purifiers; growth in economy and premium segments
Slide 13: Adj. EBITDA Crossed Rs. 100 Cr For 1st Time Ever
Adj. EBITDA Crossed Rs. 100 Cr For 1st Time Ever; Margins At Lifetime High Adj. EBITDA Margin 13.1% 13.0% 11.5% 10.8% 11.0% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 ▪ Operating Leverage driven by Employee Costs and Other Expenses (ex. A&SP) ▪ Growth Spends continued with 21% YoY increase in A&SP spen
Slide 14: Net Surplus: Healthy Cash Balance
Net Surplus : Healthy Cash Balance Net Surplus (Rs. Cr) 284 254 218 228 148 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2FY26 Net Surplus 119 191 259 227 199 (Post lease liability) 11
Slide 15: Agenda
➢ Q2 FY26 Executive Summary ➢ Q2 FY26 Highlights ➢ Strategy Update ➢ H1 FY26 Summary ➢ Industry Update 12
Slide 16: EFL Transformation Strategy
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 Productivity Capability Excellence
Slide 17: Grow Water: Continued Strong Growth Led By Volumes
Grow Water : Continued Strong Growth Led By Volumes Key Highlights Strong growth in Economy and Premium portfolio Auto Product launched TDS 2x Filter life 2x portfolio scaled up Aquaguard Aspire Minerva RO + UV | Wifi enabled with 2x filter life 14
Slide 18: New Category Creation: Strong Growth In Robotics Across Channels
New Category Creation : Strong Growth In Robotics Across Channels Key Highlights Contribution to 59% Vacuum Cleaner sales New SKUs launched; 4 Growth driven by premium products Language support 6 for Sales & Service 15
Slide 19: Service Turnaround: AMC Bookings Growth Accelerate
Service Turnaround: AMC Bookings Growth Accelerate Key Highlights Multi Year Mix of MYM AMC sales improved Contribution of >60% Online to total AMC bookings Consecutive 2nd quarter of double- digit growth 16
Slide 20: Transformation Investments: Focused On Long Term Capabilities
Transformation Investments : Focused On Long Term Capabilities Transformation Investments H1 Capex Spend; 43 Cr 127% YoY increase R&D Centre Inauguration IoT EWP PCB Designing New centre R&D commissioned YoY increase in 21% A&SP spends in Q2 Water Testing Lab Robotics Acoustic Lab 17
Slide 21: Management Views
Management Views “In an uncertain and evolving external environment, Q2 FY26 was an exciting milestone quarter for us. We delivered a strong revenue growth of 14.9% YoY and EBITDA crossed Rs. 100 Cr for the first time at Mr. Pratik Pota a lifetime high margin of 13.1%. MD & CEO Our revenue growth ca
Slide 22: Agenda
➢ Q2 FY26 Executive Summary ➢ Q2 FY26 Highlights ➢ Strategy Update ➢ H1 FY26 Summary ➢ Industry Update 19
Slide 23: H1 FY26 Standalone P&L Statement
H1 FY26 Standalone P&L Statement Particulars (Rs. Cr) H1 FY26 H1 FY25 YoY (%) Revenue 1,381.2 1,225.7 12.7% Employee Benefit Expenses 161.4 154.0 4.8% Service Charges 166.1 141.4 17.4% Other Expenses 304.0 276.5 10.0% Total Expenses 631.5 571.9 10.4% Total Expenses % of Revenue 45.7% 46.7% -94bps Ad
Slide 24: Agenda
➢ Q2 FY26 Executive Summary ➢ Q2 FY26 Highlights ➢ Strategy Update ➢ H1 FY26 Summary ➢ Industry Update 21
Slide 25: 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 26: 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 27: 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 28: Thank You
THANK YOU <i" FORBES
Slide 29: Annexure: About Eureka Forbes Limited
Annexure About Eureka Forbes Limited 26
Slide 30: 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 27
Slide 31: 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