Eureka Forbes Ltd shares surged 6.7% to Rs 607 after Q2 FY26 results showed 15% revenue growth to Rs 773 Cr and 32% PAT jump to Rs 63 Cr. Lifetime-high EBITDA margin of 13.1% drove investor enthusiasm amid strong product demand.
Earnings Breakdown
Q2 revenue hit Rs 773 Cr (+14.9% YoY), led by high-teens product growth in water purifiers and vacuum cleaners. Adjusted EBITDA crossed Rs 100 Cr first time (+33.7% YoY) at 13.1% margin, up 162 bps. PAT rose 31.8% YoY to Rs 62.9 Cr; H1 income up 13%.
Market Momentum
Post-results, brokerage HDFC Securities initiated 'Buy' at Rs 830 target (42% upside), citing 14% revenue CAGR FY25-28 from market leadership and service revival. Stock hit 52-week high Rs 655; YTD up amid consumer durables recovery.
Key Highlights
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Revenue: Rs 773 Cr (+14.9% YoY; products high-teens growth).
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EBITDA: Rs 101 Cr (13.1% margin, lifetime high).
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PAT: Rs 62.9 Cr (+32% YoY; EPS Rs 3.23).
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Outlook: 14%/23%/27% CAGR revenue/EBITDA/PAT FY25-28.
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Broker Targets: HDFC Rs 830; Emkay Rs 725.
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Market Cap: Rs 11,737 Cr; debt-free balance sheet.
Sources: Business Standard, Tickertape, HDFC Securities.