Eureka Forbes Q2 Outcomes: Web revenue shoots up 83% YoY to Rs 46 crore, income up 27%

Water air purifier producer Eureka Forbes reported an 83.2% improve in standalone internet revenue to Rs 46.67 crore within the second quarter ending September of the monetary yr 2024-25, in comparison with Rs 25.47 crore in the identical quarter the earlier yr. Income from operations elevated by 27.6% to Rs 672.87 crore from Rs 592.31 crore the yr again.

Pratik Pota, chief government and managing director of Eureka Forbes stated, “Development continued to be broad-based and product enterprise grew in extra of 20%. The influence of development led to working leverage advantages and regardless of the sharp step up in promoting investments, adjusted EBITDA margin expanded 106 bps and Revenue after Tax grew 83% yr on yr.”

The quarterly efficiency is pushed by improvements throughout water and cleansing, elevated advertising investments and the onset of an earlier festive season, Pota added.

The Aquaguard-maker stated that the water air purifier trade is poised to develop at a CAGR of 13% to Rs 10,200 crore in FY2030 from Rs 4,350 crore in FY2023. Vacuum Cleaner Market is predicted to develop at 17% CAGR to Rs 1,548 crore in FY2030 from Rs 509 in FY2023. The air air purifier trade is estimated to develop at 18% CAGR to Rs 747 crore in FY2030 from Rs 230 crore in FY2023.

The shares of the corporate closed at Rs 634.65 apiece, up by 7.04% on BSE on Thursday, when the benchmark Sensex fell by 1.04%.