Eureka Forbes Limited , a leading player in the water purifier and vacuum cleaner market, reported a 9.9% year-on-year revenue growth to Rs. 607.70 crores for Q1. The company achieved double-digit volume growth in both water purifiers and vacuum cleaners, with the robotics segment growing by an impressive 52%.

Strong Performance Amid Challenging Conditions

Managing Director Pratik Pota highlighted that the company delivered these results despite challenging market conditions, including soft consumer demand and a slowdown in cooling products during April and May. The company's profit after tax grew by 24.1% to Rs. 38.50 crores, while adjusted EBITDA margins stood at 11% after accounting for higher service charges and growth investments.

Service Business Turnaround

One of the most encouraging developments in Q1 was the turnaround in the service business. Eureka Forbes reported a healthy double-digit growth in fresh service bookings, driven by growth in Annual Maintenance Contract (AMC) count and an increase in Average Selling Price (ASP). The company also saw an increase in multi-year bookings.

Product Innovation and Market Expansion

Eureka Forbes continued to focus on innovation and market expansion:

Water Purifiers

The company scaled up its range of water purifiers with two-year filter life, which significantly lowers the lifetime cost of ownership. It now has more than 40 products offering two-year filter life.

Vacuum Cleaners

The company's early bet on robotics is paying off, with the segment growing 52%. New product launches in this category included Forbes SmartClean Home Mapping Turbo, Forbes SmartClean Auto Bin Turbo, and Forbes SmartClean Fully Automatic Cleaning Station.

IoT-enabled Products

The company scaled up its range of smart IoT-enabled water purifiers during the quarter.

Market Outlook and Strategy

Eureka Forbes remains optimistic about the future, citing low category penetration and immense growth potential. The company has an installed base of 14 million water purifier customers and sees significant opportunities for expansion in both product and service segments.

CFO Gaurav Khandelwal indicated that the service booking growth momentum is expected to sustain, with revenue impact becoming visible from Q4 onwards. The company aims for margin improvement on a full-year basis, leveraging operating efficiencies and cost management strategies.

Competitive Landscape

Despite increased competitive activity in the water purifier category, Eureka Forbes maintained its market share. The company views the entry of new players as positive for category growth and awareness, which it believes will benefit Eureka Forbes as the largest brand in the water purifier segment.

As Eureka Forbes continues to focus on innovation, service excellence, and market expansion, it remains well-positioned to capitalize on the growing demand for water purifiers and cleaning solutions in India.

Eureka Forbes Limited , a leading player in India's health and hygiene sector, has announced strong financial results for the first quarter, demonstrating resilience in a challenging market environment.

Key Financial Highlights

• Revenue from operations grew by 9.9% year-over-year to ₹607.70 crore
• Consolidated net profit rose by 24.1% to ₹38.70 crore, compared to ₹32.20 crore in the same quarter of the previous year
• Adjusted EBITDA margin stood at a robust 11.0%, slightly down from 11.5% in the same quarter last year
• Earnings per share (EPS) increased to ₹1.99, up from ₹1.66 in the corresponding quarter

Segment Performance

The company reported strong growth across its product portfolio:

• Water Purifiers: Witnessed broad-based growth in both economy and premium segments
• Vacuum Cleaners: Experienced significant growth, driven by a 52% year-over-year increase in the Robotics category
• Service Business: Achieved a turnaround with double-digit growth in service bookings

Strategic Initiatives

Eureka Forbes has undertaken several strategic initiatives to drive growth and innovation:

1. Launched the 2x water purifier range across price points, targeting non-users with a 2-year filter life to reduce lifecycle costs
2. Expanded the Robotics product line, which now contributes over 50% to vacuum cleaner sales
3. Implemented service transformation measures, including expanding the filter GTM network and rolling out a service technician loyalty program

Management Commentary

Pratik Pota, MD and CEO of Eureka Forbes Limited, commented on the results: "In an extremely challenging demand environment, we are proud of the solid, all-round performance delivered by EFL. Revenues grew by 9.9% on the back of double-digit growth in our product portfolio, in both volume and value. Profitability continued to improve and Profit After Tax grew by 24.1%."

He further added, "As we look forward to the third year of our transformation, we could not be more excited at what lies ahead. Our categories have low penetration and offer immense potential, and we are confident that we have the right strategy and set of plans to win in the market and deliver sustained and profitable growth in the future."

Future Outlook

Despite the soft consumer sentiment and challenging market conditions, Eureka Forbes remains optimistic about its growth prospects. The company cites low category penetration rates and a long runway for growth in its key product segments as factors supporting its positive outlook.

With its focus on innovation, expanding product lines, and improving service offerings, Eureka Forbes is well-positioned to capitalize on the growing demand for health and hygiene products in the Indian market.

Corporate Updates

The company also announced two key management changes:

1. Ms. Pragya Kaul, Company Secretary and Compliance Officer, has resigned effective August 29, 2025.
2. Mr. Satish Satyarthi, Chief Innovation and R&D Officer, has resigned effective September 28, 2025. Mr. Suresh Redhu, Chief Technical Officer, will now also lead Innovation and R&D.

As Eureka Forbes continues its transformation journey, these results demonstrate the company's ability to drive growth and profitability in a competitive market landscape.