Eureka Forbes Shares Slip Nearly 2% as Quarterly Results Fail to Lift Sentiment

Mumbai, May 19: Shares of Eureka Forbes Limited (EUREKAFORB) slipped in Tuesday’s session even as the broader market staged a firm recovery, with the stock under selling pressure following the release of its quarterly and full-year financial results for the period ended March 31, 2026.

The stock opened at ₹497.95 against its previous close of ₹493.65, briefly surging to an intraday high of ₹519.60 in early trade as investors initially reacted positively to the earnings announcement, before a sharp reversal dragged it to an intraday low of ₹480.00. As of the last traded price, EUREKAFORB was down ₹9.50 or 1.92% at ₹484.15, with a VWAP of ₹497.51 indicating that the bulk of the day’s volume was transacted at significantly higher levels before the sell-off intensified. The order book reflected continued selling pressure, with 64.96% of total quantity on the sell side against 35.04% on the buy side, suggesting that investors were using the intraday spike to pare positions.

Weekly Trend

The weekly chart told a story of a stock that had been losing ground even before Tuesday’s reversal. EUREKAFORB had opened the week of May 12 around ₹505, rallied to a weekly high of approximately ₹522 on May 14, and has since been on a downward trajectory, touching ₹483 by Tuesday afternoon — a decline of nearly 8% from the weekly peak in just four sessions, reflecting sustained profit-booking pressure as results-driven volatility set in.

Q4 FY26 Financial Highlights: PAT Flat, Revenue Up 11.6%

Eureka Forbes reported a steady, if unspectacular, quarterly performance for Q4 FY26. Revenue for the quarter came in at ₹683.8 crore, up 11.6% year-on-year from ₹612.5 crore in Q4 FY25, driven by double-digit growth in water purifiers and strong momentum in emerging categories including robotics and air purifiers. Adjusted EBITDA rose 13.1% year-on-year to ₹90.2 crore from ₹79.7 crore, with the adjusted EBITDA margin expanding 17 basis points year-on-year to 13.2% from 13.0% — the company’s highest-ever quarterly adjusted EBITDA margin. Profit After Tax for Q4 FY26 stood at ₹51.1 crore, compared to ₹50.8 crore in Q4 FY25, a marginal year-on-year increase of 0.7%, though on a pre-exceptional basis PAT grew 3.9% to ₹51.1 crore from ₹49.2 crore a year ago.

FY26 Full-Year Financial Highlights

For the full year ended March 31, 2026, Eureka Forbes delivered its second consecutive year of double-digit revenue growth, with full-year revenue rising 11.3% year-on-year to ₹2,710.5 crore from ₹2,436.1 crore in FY25. Adjusted EBITDA for the full year grew 16.4% to ₹331.9 crore from ₹285.0 crore, with the adjusted EBITDA margin expanding 55 basis points to 12.2% from 11.7%, marking the third consecutive year of margin expansion. Adjusted PBT increased 18.0% year-on-year to ₹278.2 crore from ₹235.9 crore. PAT on a pre-exceptional basis grew 19.3% to ₹190.2 crore from ₹159.5 crore, though reported PAT declined 1.9% to ₹160.2 crore from ₹163.3 crore due to a one-time exceptional charge of ₹40.4 crore related to new Labour Codes. The company’s net surplus touched an all-time high of ₹443 crore at the end of FY26.

Source:

https://www.nseindia.com/get-quote/equity/EUREKAFORB/Eureka-Forbes-Limited