Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q4 FY25 Earnings Presentation
38 slides from Eureka Forbes's earnings presentation, May 16, 2025
Slide 1: Exchange filing cover letter
May 16, 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/2025-26/08 Ref.:
Slide 2: Press Release: Financial Results for Q4 & FY25
PRESS RELEASE Mumbai, May 16, 2025 Financial Results for Q4 & FY25 Q4 – 6th consecutive quarter of double-digit growth; 13% EBITDA margin FY25 - Significant step-up in topline growth, A&SP spends up 25% YoY and PAT grew 78% YoY; ~10-fold increase in 2 years Eureka Forbes Limited, one of India’s larg
Slide 3: Press Release (continued)
the first time. The momentum in our product business sustained and our innovations and growth investments helped the products grow in high teens. Stepping back and looking at the full year picture, the impact of transformation initiatives is now visible on multiple fronts. Growth stepped up from 2.2
Slide 4: Q4 FY25 & FY25 Earnings Presentation
Q4 FY25 & FY25 -- Earnings Presentation May 16, 2025 ]..__ _ _ __ _ ~-EUREKA UFORBES 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: Q4 FY25 Highlights
➢ Q4 FY25 Highlights ➢ FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 3
Slide 7: Q4 FY25 Financial Highlights (Standalone Results)
Q4 FY25 Financial Highlights (Standalone Results) Q4 FY25 Q4 FY24 YoY Revenue Rs. 612.5Cr Rs. 553.1Cr +10.8% Continuing Business ^ - - +10.9% Adj. EBITDA * Rs. 79.7Cr Rs. 61.9Cr +28.8% Adj. EBITDA Margin * 13.0% 11.2% +183bps Adj. PBT ** Rs. 68.0Cr Rs. 48.6Cr +39.9% PAT Rs. 50.8Cr Rs. 21.4Cr +137.5%
Slide 8: Q4 FY25 Standalone P&L Statement
Q4 FY25 Standalone P&L Statement Particulars (Rs. Cr) Q4 FY25 Q4 FY24 YoY (%) Q3 FY25 QoQ (%) Revenue 612.5 553.1 10.8% 597.8 2.5% Employee Benefit Expenses 79.0 75.1 5.1% 73.3 7.7% Service Charges 83.0 79.6 4.3% 74.0 12.2% Other Expenses 122.9 109.6 12.2% 132.1 -6.9% Total Expenses 284.9 264.3 7.8%
Slide 9: Revenue: Sixth consecutive quarter of double-digit growth
Revenue : Sixth consecutive quarter of double-digit growth Revenue Growth 16.8% 14.7% 11.4% 10.8% 11.3% 10.9% 14.1% 13.6% 11.0% 10.8% 8.8% 9.4% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Reported Continuing Business ^ ▪ Double-digit growth momentum continued with 10.9% YoY increase in Continuin
Slide 10: Growth Investments: Water purifier (1/2)
Growth Investments : Water purifier (1/2) Two men sitting in a kitchen Description automatically generated Click on the image to view the video 7
Slide 11: Growth Investments: Vacuum Cleaner (2/2)
Growth Investments : Vacuum Cleaner (2/2) Eureka Forbes onboards Shraddha Kapoor as Brand Ambassador for Robotics vacuum cleaner Note: Shraddha Kapoor has been onboarded as Brand Ambassador post 31 st March 2025 8
Slide 12: Adj. EBITDA Margin: Expanded 183 bps YoY
Adj. EBITDA Margin * : Expanded 183 bps YoY Adjusted EBITDA Margin * % 13.0% 11.5% 11.5% 11.2% 10.8% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 ▪ Adj. EBITDA margin expansion driven by operating leverage and structured cost optimization program ▪ Growth investments continue, led by 28.3% YoY increase i
Slide 13: Net Surplus: Strong cash generation continues
Net Surplus : Strong cash generation continues Net Surplus (Rs. Cr) 284 218 148 122 89 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Net Surplus 108 60 119 191 259 (Post lease liability) 10
Slide 14: Agenda: FY25 Highlights
➢ Q4 FY25 Highlights ➢ FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 11
Slide 15: FY25 Financial Highlights (Standalone Results)
FY25 Financial Highlights (Standalone Results) FY25 FY24 YoY Revenue Rs. 2,436.1Cr Rs. 2,189.2Cr +11.3% Continuing Business ^ - - +12.0% Adj. EBITDA * Rs. 285.0Cr Rs. 226.3Cr +25.9% Adj. EBITDA Margin * 11.7% 10.3% +136bps Adj. PBT ** Rs. 235.9Cr Rs. 172.0Cr +37.1% PAT Rs. 163.3Cr Rs. 91.5Cr +78.4%
Slide 16: FY25 Performance: Sustained double-digit growth leading to 78% PAT growth
FY25 Performance : Sustained double-digit growth leading to 78% PAT growth * Particulars (Rs. Cr) FY25 FY24 YoY (%) Revenue 2,436.1 2,189.2 11.3% Employee Benefit Expenses 306.4 293.3 4.4% Service Charges 298.4 301.6 -1.1% Advertisement & Sales Promotion 259.5 206.8 25.5% Other Expenses 272.0 260.2
Slide 17: FY25 in Summary: Step-up in both revenue growth & profitability
FY25 in Summary : Step-up in both revenue growth & profitability Revenue Growth Adjusted EBITDA margins 12.0% 11.7% 10.3% 7.9% 6.3% 2.2% FY23 FY24 FY25 FY23 FY24 FY25 Note: Revenue growth profile is for continuing business 14 EBITDA margin pre-ESOP costs
Slide 18: Step-up in Growth Investments: 25% YoY increase
Step-up in Growth Investments : 25% YoY increase & 152bps over 2 years 260 10.7% 207 190 9.4% 9.1% FY23 FY24 FY25 A&SP Spends (Rs. Cr) A&SP spends (Rs. Cr) A&SP as % of revenue 15
Slide 19: Operating leverage enabling growth investments & profitability improvement
Operating leverage enabling growth investments & profitability improvement Improving Operating Leverage Strong Cost Management Particulars Change FY25 FY24 Opex as % of Revenue (Rs. Cr) (YoY) Employee expenses 306.4 293.3 4.4% 53.0% -453 bps % of revenue 12.6% 13.4% Service charges 298.4 301.6 -1.1%
Slide 20: Robust Cash Generation & High ROCE due to structural business model advantages
Robust Cash Generation & High ROCE due to structural business model advantages Key ratios Structural advantages Particulars (in Rs. Cr) FY25 • Cash generation ahead of profits Free Cash Flows (FCF) 214 • Negative working capital business Profit after tax 163 Free Cash Flow % to Profit after tax 131%
Slide 21: Management Views
Management Views “We are pleased to exit the second full year of transformation with yet another quarter of double-digit growth Mr. Pratik Pota and lifetime high profitability. MD & CEO In Q4, continuing business revenue grew by 10.9% YoY, and this was the sixth successive quarter of double-digit gr
Slide 22: Agenda: Overview
➢ Q4 FY25 Highlights ➢ FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 19
Slide 23: Eureka Forbes: Overview
Eureka Forbes: Overview 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 20
Slide 24: Pioneers & Leaders
Pioneers & Leaders Vacuum Cleaners Water Purifiers Direct Selling 21
Slide 25: Diversified Portfolio
Diversified Portfolio Market leaders in Water Purifiers and Vacuum Cleaners Wide range of products with state- of-the-art technology Product portfolio catering to both B2C and B2B customers Diversified revenue streams across product and service 22
Slide 26: 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 23
Slide 27: Omni Channel Presence
Omni Channel Presence • Direct Sales • General Trade • Modern Retail • Ecommerce • D2C • B2B • Canteen Stores (CSD) 24
Slide 28: Extensive Service network and strong customer connect
Extensive Service network and strong customer connect 19,500 >14 25
Slide 29: EFL Management Team
EFL Management Team Pratik Pota Mahnaz Shaikh Gaurav Khandelwal Anurag Kumar Managing Director & CEO Chief Financial Officer Chief Human Resources Chief Growth Officer Officer 32+ years@ 24+ years@ 21+ years@ 27+ years@ Jubilant [qw'Uorks HUL, Airtel, Oyo Udaan, Godrej Consumer Unilever, Tata Play,
Slide 30: Agenda: Industry
➢ Q4 FY25 Highlights ➢ FY25 Highlights ➢ Overview ➢ Eureka Forbes ➢ Industry 27
Slide 31: Macro factors supportive of growth
Macro factors supportive of growth 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 2011 202
Slide 32: Macro factors supportive of growth (cont.)
Macro factors supportive of growth (cont.) Piped Water Electrification Unpredictable Increasing Importance Domestic Help Given To Health & Hygiene Went up from 16.8% in 96.7% Households 2 Need For Convenient Increased Frequency Of 2019 to 77.2% Households Back Up Cleaning Homes Post Covid 1 in 2024
Slide 33: 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 21% 4,350 India Thailand 6% 20% Per Capita (‘000$) FY2023 FY2030P Key tailwinds Growing awareness and cons
Slide 34: Water Purifier Services to become a Rs 9,000 Cr market by FY30P
Water Purifier Services to become a Rs 9,000 Cr market by FY30P Water Purifier Industry – Service (Rs Cr) 14% CAGR 9,000 3,660 FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (reproduced with permission) 31
Slide 35: Vacuum Cleaner Market to triple by FY30P
Vacuum Cleaner Market to triple by FY30P Vacuum Cleaner Penetration Vacuum Cleaner Industry (Rs Cr) 17% CAGR Japan 1,548 90% Hong Kong 80% Penetration % 509 China 20% India 2% Per Capita (‘000$) FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (reprodu
Slide 36: 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 71 49 34 36 30 31 31 32 230
Slide 37: 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 38: Thank You
THANK YOU cP FORBES