Financial Performance
Eureka Forbes Limited reported strong financial results for FY 2025-26 with revenue of ₹2,710.5 crore, representing 11.3% year-over-year growth. The company achieved adjusted EBITDA of ₹331.9 crore with a margin of 12.2%, marking the third consecutive year of margin expansion. Net profit stood at ₹162.63 crore, while basic EPS was ₹8.36. The company maintained a robust net cash surplus position of ₹443 crore, reflecting a significant improvement from net debt of ₹32 crore in FY23.
Operational Highlights
The company demonstrated strong performance across its business segments with water purifiers growing 7.1%, vacuum cleaners increasing 25.4%, and other categories (including air purifiers and water softeners) expanding 30.2%. Service revenue grew 6.2%. Robotics emerged as the fastest-growing segment, contributing nearly two-thirds of vacuum cleaner revenues. The company maintained extensive operational reach with 14+ million customer database, 9,000+ service technicians, and coverage across 19,500+ pin codes.
ESG and Sustainability Disclosures
Eureka Forbes published comprehensive Business Responsibility and Sustainability Report (BRSR) disclosures with assured metrics including total energy consumption of 5,515.2 GJ, GHG emissions of 812.1 tCO2e for Scope 1 and 2, and 100% waste recycling. The company achieved 100% human rights training coverage, maintained zero liquid discharge at manufacturing facilities, and diverted 1,000+ MT of plastic and e-waste from landfills. CSR expenditure totaled ₹2.61 crore, impacting 7,500+ students through various initiatives.
Corporate Governance and AGM Details
The Board recommended the appointment of cost auditors and disclosed the 17th Annual General Meeting scheduled for August 19, 2026 via video conference, with e-voting from August 16-18, 2026. The company maintained strong governance practices with 4 out of 5 committees chaired by Independent Directors and 57% board independence. Credit ratings were upgraded to CARE AA Stable and CRISIL AA- Positive.
Exceptional Items and Contingencies
The company recognized an exceptional item of ₹40.44 crore for incremental retiral benefits due to implementation of new Labour Codes. Contingent liabilities included disputed tax demands of ₹8.64 crore across various tax categories. The company disclosed several properties still held in the name of erstwhile Eureka Forbes Limited, with transfer processes underway.
Subsidiary Performance
Forbes Aquatech Limited reported revenue of ₹6.22 crore with loss after tax of ₹0.76 crore. Infinite Water Solutions Private Limited achieved revenue of ₹48.75 crore with profit after tax of ₹2.92 crore. Euro Forbes Limited, Dubai reported net loss of ₹8.86 crore on minimal revenue.
Forward Outlook
Eureka Forbes is executing a transformation strategy focused on democratizing water, expanding portfolio into robotics and air purifiers, excelling in service delivery, and growing digital business. The company targets ₹1,000 crore robotics franchise by FY30 and operates in a total addressable market estimated at ₹26,300 crore by FY30 with significant penetration growth opportunities across all product categories.