Eureka Forbes' Aquaguard

The rise in Eureka Forbes share price came after the company posted a stellar set of September quarter results

Shares of Eureka Forbes rose after the company announced the listing of its shares on the National Stock Exchange (NSE).

Health and hygiene products maker Eureka Forbes Ltd on Thursday reported a 26.37 per cent increase in its consolidated net profit to Rs 32.15 crore for the first quarter ending June. The company had posted a net profit of Rs 25.44 crore in the April-June quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent International. Its revenue from operation was up 9.61 per cent to Rs 553.37 crore during the quarter under review. It was at Rs 504.81 crore in the corresponding quarter. Eureka Forbes' total expenses increased 8.77 per cent to Rs 512.53 crore in the June quarter. Total income of Eureka Forbes was up 9.64 per cent at Rs 555.71 crore in the June quarter. Commenting on the results, Eureka Forbes MD and CEO Pratik Pota said: "Despite a muted demand environment, we are pleased to report the third successive quarter of double-digit growth in our continuing business. "Growth was broad-based across both Water Purifier and Vacuum

Margins, too, analysts at Nomura added, have multiple tailwinds from higher spare/ service revenue, direct-to-consumer sales, and operating leverage, which will drive expansion

Eureka Forbes, a consumer durable maker which operates in the health and hygiene space, on Tuesday reported a 28.48 per cent increase in its consolidated net profit at Rs 25.44 crore in the June quarter. It had reported a net profit of Rs 19.80 crore in the April-June period a year ago. However, its revenue from operations was down 4.06 per cent to Rs 504.81 crore in the first quarter of the ongoing fiscal as against Rs 526.22 crore in the year-ago period, Eureka Forbes said in a regulatory filing. "This represented a sequential improvement in the trajectory of the business," said an earnings statement from Eureka Forbes. Total expenses of Eureka Forbes, which was earlier owned by construction major Shapoorji Pallonji and Company, was at Rs 471.17 crore in the first quarter of FY 2023-24. "During the quarter, the company's net debt stood at Rs 32 crore, a reduction of 85 per cent year-on-year," it said. Last year, Advent International-backed Lunolux acquired the majority stake in

Going forward, the management is confident of driving sustained performance on the back of differentiated innovations, an elevated customer experience, and a more efficient business mode

Despite inflationary pressures, the consumer durables market is expected to witness robust demand, owing to the increasing need for premium products

Cyrus Mistry, a high-profile Indian-born Irish businessman and the former chairman of the Tata group, passed away in a road accident on September 4, 2022

Construction major Shapoorji Pallonji and Company has exited from Eureka Forbes after selling its remaining 8.7 per cent stake to the new owner Lunolux, a firm backed by private equity

Eureka Forbes said the board of directors of the company has accepted the resignation of Marzin R. Shroff as the MD and Chief Executive Officer (Executive Director) of the company

Will move to a new role as a senior advisor to both Eureka Forbes and Advent International

Shapoorji Pallonji Mistry and six other directors have resigned from the board of Eureka Forbes, with the new owner Lunolux Ltd taking control of the vacuum cleaner and water purifier maker.

The exchange said, the stock will be in trade-for-trade (T2T) segment for the first 10 trading days.

The private equity major Advent International on Sunday signed an agreement with Shapoorji Pallonji Group to acquire a majority stake in Eureka Forbes at an enterprise valuation of Rs 4,400 crore

Private equity firm Advent International will buy a controlling stake of 72.56 per cent in Eureka Forbes for approximately Rs 4,400 crore, it's parent Shapoorji Pallonji Group (SPG) has said.

Signs deal with SP Group at Rs 4.4K-crore valuation

Data shows firm's net sales have remained stagnant in the past four years

Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & Company to pay back the inter-company loans the group had taken from the solar company, sources said.

Eureka Forbes focuses on technology to differentiate brand, rethinks communication strategy