Eureka Forbes Ltd

Eureka Forbes (Eureka) announced its strategic partnership with Dixon Technologies (India) (DTIL), a leader in electronic manufacturing services (EMS). This collaboration marks an important step in expanding Eureka's vacuum cleaners portfolio by assembly/manufacture & supply of robotic vacuum cleaners, reinforcing its position as a trusted name in Indian households. Under this partnership, DTIL will produce a range of robotic vacuum cleaners for Eureka leveraging its cutting-edge facilities and extensive manufacturing expertise. DTIL's ISO certified plants will ensure that Eureka's robotic vacuum cleaners meets rigorous standards of durability, quality, and innovation. This collaboration aligns with Eureka's vision of delivering value-driven, high-performing products that cater to the evolving needs of Indian consumers.Powered by Capital Market - Live

Eureka Forbes has allotted 5,659 equity shares under ESOP on 24 June 2025. With this allotment, the paid-up capital of the Company has increased from Rs. 1,93,48,61,570 divided into 19,34,86,157 number of equity shares of face value Rs. 10/- each to Rs. 1,93,49,18,160 divided into 19,34,91,816 number of equity shares of face value Rs. 10/- each. Powered by Capital Market - Live

Net profit of Eureka Forbes rose 131.42% to Rs 49.50 crore in the quarter ended March 2025 as against Rs 21.39 crore during the previous quarter ended March 2024. Sales rose 10.67% to Rs 612.65 crore in the quarter ended March 2025 as against Rs 553.56 crore during the previous quarter ended March 2024. For the full year,net profit rose 71.89% to Rs 164.40 crore in the year ended March 2025 as against Rs 95.64 crore during the previous year ended March 2024. Sales rose 11.31% to Rs 2436.91 crore in the year ended March 2025 as against Rs 2189.25 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales612.65553.56 11 2436.912189.25 11 OPM %12.589.63 -10.909.07 - PBDT80.3653.59 50 274.52197.65 39 PBT65.2839.59 65 216.52143.62 51 NP49.5021.39 131 164.4095.64 72 Powered by Capital Market - Live

Revenue from operations grew 10.8% YoY to Rs 612.5 crore in Q4 FY25. Continuing businesses grew marginally higher at 10.9% YoY. Adjusted (Adj.) EBITDA increased 28.8% YoY to Rs 79.7 crore in Q4 FY25 from Rs 61.9 crore in Q4 FY24. Adj. EBITDA margin improved 183 bps YoY to 13%. Margins improved YoY in every single quarter of FY25. Adj. PBT (before exceptional items and ESOP) increased 39.9% YoY to Rs 68 crore in Q4 FY25 from Rs 48.6 crore in Q4 FY24. During the year, profit after tax increased 78.4% YoY to Rs 163.3 crore from Rs 91.5 crore during FY24. Revenue from operations grew 11.3% YoY to Rs 2,436.1 crore. Continuing businesses grew higher at 12% YoY. Adj. EBITDA increased 25.9% YoY to Rs 285.0 crore from Rs 226.3 crore during FY24. Adj. EBITDA margin improved 136 bps YoY to 11.7%. (FY24 margin: 10.3% and FY23 margin: 6.3%). Commenting on the Q4 FY25 & FY25 performance, Pratik Pota, MD, and CEO, Eureka Forbes said, We are pleased to exit the second full year of transformation with yet another quarter of double-digit growth and lifetime high profitability. In Q4, continuing business revenue grew by 10.9% YoY, and this was the sixth successive quarter of double-digit growth. Led by operating leverage, EBITDA margins touched 13% for 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% in FY23 to 7.9% in FY24 and now to 12.0% in FY25 on the back of strong growth in our product business. Margins have expanded from 6.3% in FY23 to 10.3% in FY24 and now to 11.7% in FY25. The FY25 margin expansion is after a 25% YoY increase in growth investments. Net surplus is at Rs 284 Cr. In terms of capabilities, we have reclaimed thought leadership on innovations, our customer metrics are at an all-time high and our cost program is generating fuel for growth. Looking ahead, our focus will be on driving service revenue. Several transformation initiatives have been under way, and I am pleased to report that we are seeing green shoots in our service revenue. At the same time, we will stay the course on innovations, step up our growth investments further, and drive margin improvement. The progress we have achieved in two years of our transformation and with the momentum of sustained double-digit growth and lifetime high margins in Q4 give us the confidence and the energy to drive sustained profitable growth in the year ahead. Eureka Forbes 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 direct, retail, e-commerce and institutional sales channels, an inventive business partner network and one of the most expansive service networks across India. Powered by Capital Market - Live

Eureka Forbes will hold a meeting of the Board of Directors of the Company on 16 May 2025.Powered by Capital Market - Live

Net profit of Eureka Forbes rose 52.59% to Rs 35.05 crore in the quarter ended December 2024 as against Rs 22.97 crore during the previous quarter ended December 2023. Sales rose 10.81% to Rs 597.74 crore in the quarter ended December 2024 as against Rs 539.43 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales597.74539.43 11 OPM %9.897.92 - PBDT62.3943.97 42 PBT47.3130.60 55 NP35.0522.97 53 Powered by Capital Market - Live

Eureka Forbes will hold a meeting of the Board of Directors of the Company on 10 February 2025.Powered by Capital Market - Live

CARE Ratings stated that the revision in the rating assigned to long-term bank facilities and issuer rating of Eureka Forbes (EFL) factors in the significant and sustained improvement in scale of operations and profitability in the last two years led by cost rationalisation and productivity improvement initiatives taken by its management. The industry outlook for water purifier and vacuum cleaner segments continues to be robust with increasing urbanisation, income levels, higher participation of female labour in workforce, and rising emphasis on health and hygiene among others. EFL is the market leader in water purifier and vacuum cleaner segments with a market share of over 40% and 60% respectively and has been gaining market share over the last two years (per the management articulation). Driven by strong industry outlook EFL is expected to sustain the growth momentum in scale and profitability with minimal reliance on external debt. The rating continues to derive strength from established brand presence and leadership position in water purifiers and vacuum cleaners' market in India with its well-established nationwide distribution network, optimal utilisation of existing installed capacity, experienced board members and management team, and strong liquidity position. However, rating strengths are tempered by susceptibility to raw material price volatility and presence in highly competitive market with changing market dynamics and customer preferences. Eureka Forbes is engaged in the health and hygiene segment with product profile comprising water purifiers, vacuum cleaners, air purifiers and home security systems. The scrip had declined 1.59% to end at Rs 578.85 on the BSE on Friday. Powered by Capital Market - Live

Eureka Forbes has received upgrade in credit rating for long term bank facilities and issuer rating from CARE A+; Stable to CARE AA-; Stable. Powered by Capital Market - Live

The key equity indices continued to trade in a narrow range near the flat line in afternoon trade. The Nifty hovered above the 23,700 level. Realty shares declined for the second consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex was down 11.29 points or 0.01% to 78,461.58. The Nifty 50 index added 12.50 points or 0.05% to 23,740.15. In the broader market, the S&P BSE Mid-Cap index fell 0.30% and the S&P BSE Small-Cap index declined 0.38%. The market breadth was negative. On the BSE, 1,577 shares rose and 2,356 shares fell. A total of 108 shares were unchanged. Buzzing Index: The Nifty Realty index shed 0.67% to 1,067.50. The index shed 0.76% in past two trading sessions. Brigade Enterprises (down 1.74%), Raymond (down 1.52%), Phoenix Mills (down 1.17%), Prestige Estates Projects (down 0.9%), Godrej Properties (down 0.58%), Sobha (down 0.55%), DLF (down 0.53%), Mahindra Lifespace Developers (down 0.4%) slipped. On the other hand, Macrotech Developers (up 0.45%) and Oberoi Realty (up 0.44%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper gained 1.73% to 6.893 as compared with the previous close of 6.776. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.27, compared with its previous close of 85.15 during the previous trading session. MCX Gold futures for 5 February 2025 settlement rose 0.48% to Rs 76,634. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 108.21. The United States 10-year bond yield advanced 0.57% to 4.614. In the commodities market, Brent crude for February 2025 settlement added 28 cents, or 0.38% to $73.45 a barrel. Stocks in Spotlight: Ace Software Exports hit an upper circuit of 2% after the company has signed a letter of intent (LoI) with a reputed international entity based in the United Kingdom to explore the establishment of a joint venture. Eureka Forbes (EFL) added 1.54% after the firm said that CRISIL Ratings assigned its 'CRISIL AA-/Stable' corporate credit rating to the company. CRISIL Ratings stated that the rating reflects the group's leading position in domestic health & hygiene segment, established marketing network, healthy financial profile and efficient working capital cycle and healthy operating cash flows. Powered by Capital Market - Live