Eureka Forbes Limited announced a robust performance for the second quarter of Fiscal Year 2027, with revenue growing by 15% year-on-year to INR 890 crores. This growth was broad-based across all categories and channels, with the Water Purifier business showing strong momentum. Emerging categories also saw significant faster growth. The company highlighted a sustained market share gain in Water Purifiers and a strong innovation pipeline.
Eureka Forbes Achieves Strong Q2 FY27 Growth
Eureka Forbes Limited has reported a significant 15% year-on-year revenue growth for the second quarter of Fiscal Year 2027 (Q2 FY27), reaching INR 890 crores. This performance is particularly encouraging given the strong growth achieved in the same quarter last year. The company attributed this success to healthy momentum across its diverse categories and sales channels.
Key Growth Drivers and Category Performance
The product business saw high teens growth year-on-year, driven by innovations and strong execution, especially in the Advanced Water Purifier (AWP) category. Eureka Forbes also launched an industry-first 4-year product range designed to reduce lifetime cost and enhance convenience for consumers. Emerging categories, including robotic vacuum cleaners, water softeners, and air purifiers, grew significantly faster than the company average, reinforcing their role as future growth engines.
Financial Highlights and Profitability
Adjusted EBITDA for the quarter grew by 18.8% year-on-year to INR 120.7 crores, with adjusted margins expanding by 43 basis points to 13.6%. This improvement was driven by operating leverage, despite gross margins being impacted by commodity inflation. Reported Profit After Tax (PAT) grew by 19.1% year-on-year to an all-time quarterly high of INR 73 crores.
First Half Performance and Outlook
For the first half of FY27 (H1 FY27), revenue grew by 15.1% to INR 1,590 crores, a notable step-up from the 12.7% growth in H1 FY26. Adjusted EBITDA for H1 grew by 15.5% to INR 195 crores, with margins remaining flat year-on-year at 12.2%. Reported PAT for H1 increased by 28.6% to INR 129 crores. Looking ahead, Eureka Forbes aims to maintain growth momentum and manage profitability amidst a challenging cost environment, with selective pricing interventions planned post-festive season.
Strategic Initiatives and Market Position
The company has enhanced its in-store presence and invested in advertising and sales promotion to drive growth. Innovations in product offerings, such as the 2-year and 4-year filter life products, are addressing key consumer barriers and are expected to drive category penetration. Eureka Forbes also highlighted its strong position in the robotic vacuum cleaner market and its ongoing efforts to expand market share across all segments.
Source: BSE
