Please find enclosed herewith Transcript of Earnings Call held with Analysts/Investors on May 20, 2026

Eureka Forbes reported Q4 FY26 revenue of INR 684 crores, up 11.6% YoY, with adjusted EBITDA margin of 13.2%, its highest ever. For full year FY26, revenue grew 11.3% to INR 2,710 crores with EBITDA margin of 12.2%, marking the third consecutive year of margin expansion from 6.3% in FY23. The company attributed growth to double-digit performance in water purifiers and strong momentum in emerging categories including robotics (now 65-66% of vacuum cleaner category), air purifiers (2.7x growth), and water softeners. Management took a 6-7% price increase in April to counter input cost inflation from the West Asia crisis and currency pressure. The company ended FY26 with a net cash surplus of INR 443 crores and generated free cash flow of INR 237 crores (148% of reported PAT). Service business showed sustained momentum with AMC bookings growing double-digit for the fourth consecutive quarter. For FY27, management aims to step up revenue growth while at least holding margins, acknowledging input cost pressures remain uncertain.