Eureka Forbes posts record EBITDA margin in Q4, full-year profit hit by one-time labour code charge

Eureka Forbes Limited reported an 11.6 per cent year-on-year rise in standalone revenue to ₹683.8 crore for the quarter ended March 31, 2026, while its adjusted EBITDA margin touched a record 13.2 per cent — up 17 basis points from the same period last year. The water purifier and home hygiene company’s adjusted EBITDA for the quarter stood at ₹90.2 crore, up 13.1 per cent year-on-year.

Profit after tax for Q4 came in at ₹51.1 crore, a modest 0.7 per cent rise over the year-ago period. On a pre-exceptional basis, PAT grew 3.9 per cent. The company’s net surplus hit an all-time high of ₹443 crore at the end of the financial year.

For the full year FY26, Eureka Forbes posted revenue of ₹2,710.5 crore, up 11.3 per cent, marking a second consecutive year of double-digit growth. Adjusted EBITDA rose 16.4 per cent to ₹331.9 crore, with margins expanding 55 basis points to 12.2 per cent — the third straight year of margin expansion. Reported full-year PAT, however, declined 1.9 per cent to ₹160.2 crore, weighed down by a one-time charge of ₹40.4 crore (pre-tax) related to new Labour Codes. On a pre-exceptional basis, PAT grew 19.3 per cent to ₹190.2 crore.

Growth was led by double-digit revenue expansion in water purifiers and strong momentum in emerging categories including robotics, air purifiers and water softeners. The robotics segment, which now accounts for two-thirds of vacuum cleaner sales, has grown 3x over FY24 levels. Service bookings also recorded double-digit growth during the quarter.

The company flagged macroeconomic headwinds, noting that the recent West Asia crisis had pushed up input costs, prompting calibrated price increases of up to 10 per cent effective April 1, 2026.

Looking ahead, the company targets revenue of ₹5,400–5,600 crore and an adjusted EBITDA margin of approximately 15 per cent by FY30. The stock was trading at ₹492.15 on the NSE on Tuesday, down 0.30 per cent intraday, with a market capitalisation of approximately ₹9,545 crore. The stock has fallen roughly 21 per cent over the past year.



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