Eureka Forbes Limited has announced its participation in an investor meet organized by UBS Securities in Singapore, scheduled for March 24-25, 2026. The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 19, 2026.

Event Details

The investor engagement will take the form of a non-deal roadshow, conducted through physical one-to-one meetings in Singapore. The event spans two days, providing opportunities for detailed discussions with analysts and institutional investors.

Presentation Plans

Eureka Forbes indicated that it may present its Q3FY26 and/or Investor Day presentation during the Singapore meet. These presentations were previously intimated by the company to the stock exchanges, suggesting continuity in the company's investor communication strategy.

Regulatory Compliance

The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Shilpa Jain signed the disclosure document, ensuring proper regulatory compliance.

Schedule Flexibility

The company has noted that the schedule of the investor meet is subject to change. Any modifications may occur due to exigencies on the part of either investors or the company, providing necessary flexibility for the event organization.

This investor engagement represents Eureka Forbes' continued commitment to maintaining transparent communication with its stakeholder community through structured investor interactions.

Eureka Forbes has received a Buy rating from UBS Group AG, with the global investment bank setting a target price of ₹640 for the home appliances company. The initiation comes as UBS identifies significant growth opportunities across the company's key business segments.

Water Purifier Market Opportunity

UBS highlights the substantial potential in the water purifier market, which represents 45% of Eureka Forbes' revenue. The brokerage notes that this market remains underpenetrated, presenting an inflection point for growth. The firm expects the company to capitalize on this opportunity through strategic investments.

Market Share and Margin Expansion Strategy

The investment bank anticipates that Eureka Forbes will achieve market share gains of approximately 150 basis points through focused capital expenditure and research & development initiatives. This strategic approach is expected to strengthen the company's competitive position in the home appliances sector.

UBS also projects margin expansion of around 250 basis points, driven by the company's higher-margin service and filter businesses. These segments are expected to contribute significantly to overall profitability improvements.

Growth Projections Across Segments

The brokerage forecasts strong performance in the vacuum and air purifier category, with an expected compound annual growth rate of approximately 18%. This segment represents a key growth driver for the company's diversification strategy.

Financial Outlook

UBS projects robust financial performance for Eureka Forbes over the FY25-28 period, with revenue expected to grow at a compound annual growth rate of approximately 13%. More significantly, EBITDA is anticipated to expand at around 22% CAGR, reflecting the company's focus on higher-margin business segments and operational efficiency improvements.

The combination of market share gains, margin expansion, and strong growth in key product categories forms the foundation of UBS's positive outlook on the stock, leading to the Buy recommendation with a ₹640 target price.