Analysts/Institutional Investor Meet/Con. Call Updates

November 09, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 543482 Scrip ID: EUREKAFORB Symbol: EUREKAFORB Ref.: EFL/BSE/2026-27/52 Ref.: EFL/NSE/2026-27/52 Subject : Intimation of Transcript of Earnings Conference Call held on Tuesday, November 03, 2026 Dear Sir/Madam, Pursuant to Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Call held with Analysts/Investors on Tuesday, November 03, 2026. The transcript of the aforesaid Earnings Call is also available on the website of the Company at www.eurekaforbes.com. Request you to kindly take the above information on record. Thanking you, For Eureka Forbes Limited Shilpa Jain Company Secretary & Compliance Officer Encl: As above “Eureka Forbes Limited Q2 FY27 Earnings Conference Call” November 03, 2026 MANAGEMENT: MR. PRATIK POTA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – EUREKA FORBES LIMITED MR. GAURAV KHANDELWAL – CHIEF FINANCIAL OFFICER – EUREKA FORBES LIMITED Page 1 of 17 Eureka Forbes Limited November 03, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Eureka Forbes Limited Q2 FY27 Earnings Conference Call. We have Mr. Pratik Pota, Managing Director and CEO and Mr. Gaurav Khandelwal, CFO, Eureka Forbes with us. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. Before I hand it over to Mr. Pratik Pota, please note the disclaimer. Certain statements made by the management in today's call may be forward-looking statements. These forward-looking statements reflect management's best judgment and analysis as of today. The actual results may differ materially from the current expectations based on a number of factors affecting the business. I now hand the conference over to Mr. Pratik Pota. Thank you, and over to you, sir. Pratik Pota: Good afternoon, and welcome to the Q2 FY '27 earnings call of Eureka Forbes Limited. Let me begin with the performance for the quarter. In line with our strategy to accelerate growth, I'm pleased to share that revenue grew 15% in Q2 FY '27. For the first half, revenue growth now stands at 15.1%, a clear step-up from 12.7% in H1 last year. What was particularly encouraging was the quality and breadth of the growth. Growth was broad-based across channels and categories, with the product business delivering high teens growth year-on-year. Within that, our Water Purifier business continued its strong momentum, delivering high teens growth and gaining market share. Growth was driven by a healthy combination of volumes and higher ASPs, with particularly strong momentum in the economy segment, while our mid-tier and premium offerings also performed well. Water purifier penetration in India remains relatively low, and we see significant headroom for category expansion. Our strategy is therefore clear: to make water purification accessible to many more households while continuing to premiumize and innovate at the top end of the market. Our innovation pipeline remains robust. And during the quarter, we accelerated the pace of new product introductions. In Water Purifiers, we launched the industry-first 4-year product range designed to reduce lifetime cost and to make purifier ownership convenient for consumers. We are also encouraged by the sustained market share gains we have seen in Water Purifiers over the past few quarters. An important enabler has been the significant strengthening of our in-store presence. We are currently rolling out Eureka Forbes branded fixtures across large retail stores, improving the visibility of the point of sale, and strengthening customer engagement and conversion. Beyond the core, our emerging categories, comprising robotic vacuum cleaners, water softeners and air purifiers, grew significantly faster than company average, reinforcing the conviction in these categories as future growth engines and in our ambition to build Eureka Forbes into a broader health and hygiene company. Page 2 of 17 Eureka Forbes Limited November 03, 2026 Robotic vacuum cleaners continued to grow strongly, driven by premiumization and increasing adoption of fully automated cleaning solutions. We increasingly see robotic cleaners becoming a part of the daily use appliance ecosystem in Indian households. Our new campaign, Ghar Ka Naya Favorite, builds on this insight by positioning the robotic cleaners as a trusted new member of the family, delivering effortless cleaning and convenience. Water softeners delivered healthy double-digit growth, led by strong volume momentum and increasing category adoption. Our priority here is to accelerate category adoption and category creation through consumer education. Our new campaign, Life Hard Nahi, Aapka Pani Hard Hai, connects hard water with everyday consumer concerns such as air fall, and is designed to build awareness of both the problem and the solution. Our air purifier business also scaled up sharply ahead of the seasonal demand period, delivering strong growth during the quarter. We launched 6 new SKUs under the Aeroguard brand, materially strengthening our portfolio and positioning us well for the opportunity in the second half. Turning to service. Our performance remained broadly in line with the trajectory of the previous quarter. The impact of the AMC price increases taken earlier in the year continued to be partly visible and has been compounded by the broader inflationary environment. That said, servicing remains fundamental to water purifier ownership, and we remain confident of demand revival. At the same time, we continue to strengthen our core service proposition. Aquaguard Express Care with same-day service promise is one such example of how we are making our proposition much more differentiated and improving the customer experience. Encouragingly, growth in our Filter business accelerated during the quarter, supported by stronger customer engagement and awareness. Given the size of our installed customer base, we see a significant long-term opportunity to increase filter penetration and build a larger recurring revenue stream from this franchise. Let me put the quarter's performance in perspective from a quality of growth point of view. Our 15% revenue growth this quarter comes on top of 14.9% growth in Q2 last year. Against this demanding base, the performance gives us greater confidence that the growth acceleration that we've been working towards is taking hold. Importantly, this acceleration has not come at the expense of profitability. Adjusted EBITDA margin expanded by 43 basis points year-on-year to 13.6% in Q2, reflecting disciplined cost management and operating leverage. At the same time, commodity inflation has intensified in recent months and is beginning to create pressure on gross margins. We deliberately refrained from taking pricing actions during the festive period, choosing instead to prioritize growth, customer acquisition and category expansion. Going forward, we will remain agile. We are evaluating selective pricing interventions where appropriate while continuing to drive productivity and cost optimization across the organization. Our objective is to offset inflationary pressures without compromising the growth momentum we have worked hard to build. Page 3 of 17 Eureka Forbes Limited November 03, 2026 We also stepped up our advertising and sales promotion investments during the quarter, particularly behind in-store visibility, new product launches and cons [Showing first 8,000 characters — download PDF for full document]