Analysts/Institutional Investor Meet/Con. Call Updates

August 19, 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/2026-27/29 Ref.: EFL/NSE/2026-27/29 Subject : Intimation of Transcript of Earnings Conference Call held on Thursday, August 13, 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 Thursday, August 13, 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 Q1 FY27 Earnings Conference Call” August 13, 2026 MANAGEMENT: MR. PRATIK POTA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. GAURAV KHANDELWAL – CHIEF FINANCIAL OFFICER Page 1 of 26 Q1FY27 Earnings Conference Call August 13, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Eureka Forbes Limited Q1 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 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 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 I welcome you all to the Q1 FY27 earnings call of Eureka Forbes Limited. The operating landscape in Q1 continued to be impacted by inflationary pressures and currency volatility and the associated uncertainty. Against this backdrop, I'm pleased to share that we delivered a solid start to FY27. Revenue for the quarter grew by 15.3% year-on-year to INR701 crores, supported by accelerated and broad-based growth across the product business, especially water. The water purifier category grew by high teens, on the back of a double-digit volume growth. Emerging categories also delivered strong growth, especially on robotics and softeners. Overall, our product business grew by late teens, and this growth was also broad-based across channels, with retail, direct, and e-commerce all delivering strong double-digit growth. In water purifiers, our growth was driven by strong momentum in the economy range, by our expanded range of stainless-steel products, and also by our premium offering in Hot, UTC and IoT. Page 2 of 26 Q1FY27 Earnings Conference Call August 13, 2026 Our growth was well ahead of the category leading to healthy market share gains across the board. Our emerging categories continued to perform well during the quarter with strong growth across all emerging categories. Within this, robotic vacuum cleaners delivered strong growth driven by increasing premiumization and a shift towards our fully automatic cleaning product. We recently launched a new campaign featuring Shraddha Kapoor for robotics, aimed at accelerating category adoption and strengthening our leadership in this fast-growing category. Water softeners also reported strong double-digit growth reflecting the growing relevance and the potential of the category. In service, revenue growth tracked at levels seen in the recent quarters. The price increases implemented in AMC led to some moderation in bookings growth. Our filter portfolio grew well in Q1. During the quarter, we further stepped up our awareness campaigns on the importance of installing genuine Aquaguard filters that in turn help drive growth in filters. We will stay focused and continue to invest in driving awareness and changing customer behavior. Additionally, our service KPIs remained strong and we rolled out a series of digital interventions aimed at improving the customer experience. On the profitability front, adjusted EBITDA margin came in at 10.5%, a decline of 46 basis points year-on-year, primarily due to a moderation in gross margins and our planned and deliberately higher growth investments. That said, the underlying drivers of profitability, namely healthy gross margins, operating leverage, and ongoing productivity initiatives remain absolutely intact and continue to provide a strong foundation for the business. We will keep investing in driving growth, while simultaneously driving stronger execution, productivity, and cost efficiencies. As shared earlier, we expect full year EBITDA margins to be broadly in line with last year. Looking ahead, given the strong start in Q1, we are confident of delivering a clear step-up in our FY27 full year growth. All our product categories are seeing healthy momentum and we have strong plans lined up for the future. We believe that the long-term opportunity across all our categories remains Page 3 of 26 Q1FY27 Earnings Conference Call August 13, 2026 significant, supported by low penetration levels and increasing consumer preference and awareness of health and hygiene solutions. We will continue to invest behind our brands, our innovations, and strengthening our distribution capabilities as we progress through the year. With that, let me hand over to Gaurav for more details on our financial performance. Gaurav Khandelwal: Thank you, Pratik, and good afternoon, everyone. I will begin by covering our financial performance for the quarter. Revenue for the quarter stood at INR701 crores, registering a growth of 15.3% year-on-year. The growth was broad-based and supported by continuing momentum across our product portfolio with steady contribution from the emerging categories. Our product business delivered growth in high teens, driven by strong performance in water purifiers. The growth was largely fueled by double-digit volume growth and calibrated price increases at the start of the quarter. Emerging categories also sustained growth momentum led by a higher mix of premium products in robotics and volume-led growth in water softeners. Our service revenue growth was largely in line with past few quarters' trends. Moving to profitability, our gross margins continue to demonstrate resilience despite a dynamic operating environment. Gross margins for the quarter stood at 58.4%, lower by 131 basis points year-on-year, reflecting the impact of higher commodity costs and adverse currency movements. While the cost environment remains challenging, and we are yet to see any meaningful reduction in input costs, our focus will be on driving our cost savings program and product mix. Moving on to operating expenses, employee costs stood at INR90 crores, an increase of 10.7% year-on-year. The year-on-year movement primarily reflects normal annual increments. We expect operating leverage and cost efficiencies to kick in over a period of time, supported by productivity gains. Page 4 of 26 Q1FY27 Earnings Conference Call August 13, 2026 ESOP charges increased by 16.2% year-on-year to INR6.6 crores, primarily attributable to fresh employee grants and expanded ESOP coverage as part of our talent attraction and retention strategy. Service charges grew by 2.7% year-on-year to INR83 crores, reflecting the relatively so [Showing first 8,000 characters — download PDF for full document]