| Revenue growth | Q2 revenue +15% YoY to ₹890 Cr; H1 +15.1% to ₹1,590 Cr. |
|---|---|
| Margins | Adj. EBITDA margin 13.6%, +43bps YoY; gross margin down 138bps. |
| Demand visibility | Festive sell-out strong; water purifier QoQ growth over 30%. |
| Management confidence | Balanced-to-optimistic; flags commodity pressure and Q3 margin dip. |
Growth
Revenue +15% YoY, volume-led; adj. EBITDA +18.8% via opex leverage, gross margin down 138bps.
Outlook
Calibrated 3-4% price hike mid-November; full-year margins aimed flat; no revenue guidance quantified.
Risks
Commodity inflation pressuring gross margins; Q3 margin dip; AMC/service revenue still weak; rising competition.
Last quarter's promises, checked
Delivered
- A&SP ahead of revenue → Q1 other exp (incl A&SP) +21.4% vs rev +15.3% (= BEAT)
- Opex leverage → Q2 opex +10.2% vs rev +15%, opex ratio -181bps (= BEAT)
Partly delivered
- FY27 margins in line with FY26 → Q1 -46bps, Q2 +43bps; FY open (= PARTIAL)
- Q2 service growth ≈ Q1 level → AMC/service 'still weak', no % disclosed (= PARTIAL)
- Clear FY27 growth step-up → H1 +15.1%; FY26 base not in docs (= PARTIAL)
Missed
- Healthy cash flows → Q2 net cash ₹304 Cr (Q1 ₹425 Cr); H1 op. cash flow negative (= MISS)
- Gross margins 'absolutely intact' → Q1 -131bps, Q2 -138bps YoY (= MISS)
Earnings Call Transcript filed with BSE, NSE: EUREKAFORB. Summary written with AI assistance from the document.
Eureka Forbes Ltd: key numbers
- Share price
- ₹354.05
- Market cap
- ₹6,857 Cr
- Revenue (annual)
- ₹2,709 Cr
- Net profit (annual)
- ₹162.6 Cr
- P/E (TTM)
- 35.7×Sector 43.7×
- Promoter holding
- 62.51%-0.04% QoQ
- FII holding
- 13.22%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Eureka Forbes Ltd
All →Eureka Forbes Employee Stock Options
Eureka Forbes Limited allotted 2,00,000 equity shares under its Employee Stock Option Plan 2022. This issuance increases the company's paid-up capital to Rs. 193.86 Crore.
Eureka Forbes Management Change
Eureka Forbes re-appointed Homi Katgara as Non-Executive Independent Director for 60 months from 31 January 2027. The change was approved at the 2 November 2026 board meeting.
- Execution
- 60 months, effective 31-01-2027
Eureka Forbes Results Update
Eureka Forbes reported Q2 FY27 revenue of ₹889.6 Cr and PAT of ₹73.3 Cr, both up ~19% YoY. EBITDA margin hit a lifetime high of 13.6%.
Eureka Forbes Q2 FY27 Results: Net Profit ₹74.1 Cr, Up 17.8% YoY
Eureka Forbes Ltd reported revenue from operations of ₹888.5 Cr (+15.1% YoY) and net profit of ₹74.1 Cr (+17.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹74.1 Cr · +17.8% YoY
Eureka Forbes Board Meeting Date
Eureka Forbes scheduled a board meeting for November 2, 2026 to approve Q2 and H1 FY27 results. Trading window stays closed until 48 hours after results publish.
Eureka Forbes Other Announcement
Eureka Forbes Ltd filed its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026. This is a routine regulatory compliance disclosure.