Eureka Forbes Ltd

Q2 FY26Consumer Durables

Eureka Forbes Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹415

Market cap₹9.1K Cr

P/E48.1

Updated23 Aug 2026

Read4 min read

The short version

The company expects sustained double-digit growth in revenues driven by increased awareness, affordability, availability, and affinity across all categories (water, cleaning, air, etc.). The company expects sustained double-digit revenue growth driven by multiple growth engines including water purifiers, robotics/cleaning, air purifiers, and service business (AMCs and filters).

From Eureka Forbes Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

The company expects sustained double-digit growth in revenues driven by increased awareness, affordability, availability, and affinity across all categories (water, cleaning, air, etc.).
Strong momentum is seen in both product and service businesses, with high teens growth in products and high teens growth in service revenues (AMC bookings and filters).
Growth vectors are robust in water purifiers, cleaning robotics, and air purifiers, with significant headroom in current categories before exploring new ones.
Organized trade, modern trade, e-commerce, and direct sales channels all contribute to balanced growth.
Ongoing investments in premium products and smart, connected devices are expected to support volume and ASP growth.

2 more points management made on revenue & sales performance

Profitability & Margins

The company expects sustained double-digit revenue growth driven by multiple growth engines including water purifiers, robotics/cleaning, air purifiers, and service business (AMCs and filters).
Operating margins are anticipated to improve YoY due to operating leverage and cost management despite higher advertising spends.
Margin expansion is likely though may be slightly moderated compared to previous years due to growth investments.
Adjusted EBITDA for H1 showed a 20% YoY growth with margins improving by 70 basis points; full-year margin improvement remains a key target.
Strong service revenue growth is expected, contributing to profitability with a lag due to service revenue amortization.

2 more points management made on profitability & margins

See what Eureka Forbes Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

From the provided transcript of Eureka Forbes' Q2 FY26 Earnings Conference Call: - The company is focused on continued growth investments rather than immediate dividends or share buybacks, indicating allocation of cash towards strategic or capital investments. - IT spends have remained stable over the past three years despite increased digitization, suggesting ongoing but controlled investment in digital infrastructure. - Inventory for import portfolio has been consciously increased to ensure supply security, which could indicate strategic investment in supply chain robustness. - No explicit mention was made of specific current or planned capex projects or strategic investments during this call.

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

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2Visdem Technosys₹96 Cr

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3₹2.5K Cr

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4₹1.7K Cr

Rev 1Mar 3

5₹1.7K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no mention of any current or planned fundraising through debt or equity during the Q2 FY26 earnings call.
The company is generating healthy cash flows and has a strong cash position, which is expected to improve.
Management's current bias is towards growth investments rather than returning cash to shareholders through dividends or buybacks.

2 more points management made on fundraising & capital structure

See what Eureka Forbes Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not provide explicit details on the current, expected order book, or pending orders. However, relevant information includes: - Strong product and service growth momentum reported, including high-teens growth in product sales and double-digit growth in AMC bookings. - Good volume growth across categories and channels, indicating a healthy demand pipeline. - Expansion in service AMC bookings and multiyear AMC mix, suggesting a growing recurring revenue stream.

2 more points management made on order book & pipeline

Eureka Forbes Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹684 Cr, net profit ₹51 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Eureka Forbes's management said in earlier quarters

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Frequently Asked Questions

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Eureka Forbes Ltd currently shows a neutral. The stock trades at a P/E of 48.1 with a market cap of ₹9,147 Cr. Investors should review the full earnings analysis for detailed insights.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.