However, revenue declined 8 per cent year-on-year (YoY) at Rs 508 crore as against Rs 552 crore, owing to weak market conditions.
Q4FY23 earnings before interest, taxes, depreciation, and amortization (ebitda) margin expanded by 300bps at 9.3 per cent; Absolute ebitda grew 35.6 per cent YoY at Rs 47.4 crore.
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Looking ahead, the management is confident of driving sustained performance on the back of differentiated innovations, an elevated customer experience & a more efficient business mode.
Eureka Forbes is India's leading health and hygiene brand. Eureka Forbes' product portfolio encompasses water purification, vacuum cleaning & air purification. It has direct, retail, e-commerce and institutional sales channels, an inventive business partner network, and one of the most expansive service networks across India.
At 10:23 AM, the stock was trading 9 per cent higher at Rs 493.70, as compared to 0.52 per cent rise in the S&P BSE Sensex. It had hit a 52-week high of Rs 537.05 on January 18, 2023. Average trading volumes on the counter more-than-doubled with around 196,000 shares having changed hands on the BSE till the time of writing of this report.