Conference Call with Eureka Forbes Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
Consumer Electronics company Eureka Forbes announced Q2FY26 results Revenue from operations increased 14.9% YoY to Rs 773.4 crore, driven by high teens growth in products business. Service business turnaround accelerated with double-digit growth in AMC bookings. Adjusted (Adj.) EBITDA increased 31.1% YoY to Rs 101.6 crore from Rs 77.5 crore in Q2FY25; Adj. EBITDA margin improved 162bps YoY to 13.1%. Adj. PBT (before exceptional items and ESOP) increased 36.6% YoY to Rs 88.9 crore from Rs 65.1 crore in Q2FY25. Profit After Tax increased 32.0% YoY to Rs 61.6 crore from Rs 46.7 crore in Q2FY25. Pratik Pota, MD, and CEO, Eureka Forbes, said: “In an uncertain and evolving external environment, Q2FY26 was an exciting milestone quarter for us. We delivered a strong revenue growth of 14.9% YoY and EBITDA crossed Rs. 100 crore for the first time at a lifetime high margin of 13.1%. Our revenue growth came on the back of a high-teens growth in Products, with all our categories growing well. In Water, growth came on the back of a scale up of our 2-year range which reduces the cost of ownership significantly. In Cleaning, the biggest engine of growth was the Robotics segment which performed well across all channels. With this quarter, we have now delivered double digit product growth in every single quarter in the last two years. The service business turnaround accelerated with a strong, double-digit growth in service bookings. Our customer experience improved further, with service levels reaching lifetime highs. Even after a significant increase in our growth investments, EBITDA grew by 31.1% YoY and margin reached a lifetime high level of 13.1%. Profit after tax grew 32.0% YoY. The quarter’s performance gives us tremendous energy and reinforces the strong conviction that we have in our transformation strategy. The key building blocks of our strategy are falling in place and showing clear and meaningful results. Looking ahead, we could not be more excited at what lies ahead.” Result PDF