EUREKA FORBES Q2 FY27: REVENUE UP 15% YOY; PAT UP 19%, RECORD ADJUSTED EBITDA MARGIN AT 13.6% & STRONG FY27 GROWTH OUTLOOK

• FY27 Growth Outlook: Management expects a meaningful acceleration in revenue growth during FY27, supported by water purifiers, emerging categories and distribution expansion • Profitability: PAT increased 19.1% YoY and 32.3% QoQ to ₹73.3 Cr, supported by higher sales and operating leverage • Record EBITDA Margin: Adjusted EBITDA margin reached an all-time high of 13.6%, up 43 bps YoY and 302 bps QoQ; adjusted EBITDA increased 18.8% YoY to ₹120.7 Cr • Water Purifier Growth: Revenue grew in high teens YoY, driven by strong volume growth, economy and stainless steel products, resulting in significant market share gains • New Product Launch: Introduced an industry-first 4X water purifier product range under Aquaguard to strengthen product differentiation and premiumisation • Robotics Expansion: Premiumisation-led growth continued in robotic vacuum cleaners, with three new SKUs launched during the festive season • Air Purifier Expansion: Strengthened the Aeroguard portfolio through multiple new launches, targeting rising demand for indoor air purification • Water Softener Business: Continued strong growth through new products and influencer-led marketing campaigns to increase consumer awareness and category penetration • Service Business Growth: Filter sales accelerated YoY, while the company launched Aquaguard Express Care, offering a same-day service promise • Distribution Expansion: Strengthening visibility across modern retail, general trade, direct selling and e-commerce channels to improve product availability and customer acquisition • Service Network: Operates across more than 19,500 pin codes, supported by over 1,650 service partners, 9,000 technicians and a customer database exceeding 1.4 Cr • Future Growth Strategy: Management aims to transform Eureka Forbes into a D2C health and hygiene technology leader, focusing on water purification, cleaning solutions, air purification and customer lifetime value • Operating Efficiency: Operating expenses declined to 41.6% of revenue from 43.4% YoY, offsetting commodity cost inflation and higher marketing investments • Raw Material Pressure: Gross margin declined 138 bps YoY to 55.1% due to higher commodity costs, despite improvement in adjusted EBITDA profitability • H1 Performance: Revenue increased 15.1% YoY to ₹1,590.4 Cr, adjusted EBITDA grew 15.5% to ₹194.6 Cr and reported PAT increased 28.6% to ₹128.8 Cr • Cash Position: Net surplus stood at ₹304 Cr versus ₹425 Cr QoQ, while CRISIL upgraded the company's credit rating to AA/Stable from AA-/Positive • Industry Growth Opportunity: Management estimates the combined addressable market across water purification, vacuum cleaning, water softeners and air purifiers could reach ₹26,300 Cr by FY30 • Future Growth Plans: Focused on water purifier market share gains, expanding robotics and air purification, scaling service revenue, strengthening D2C channels and sustaining profitable growth • FY27 Guidance & Capex: Management expects stronger growth during FY27

EUREKA FORBES LIMITED

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