Water purifier maker Eureka Forbes reported an 83.2% increase in standalone net profit to Rs 46.67 crore in the second quarter ended September of financial year 2024-25, compared with Rs 25.47 crore in the same quarter of the previous year. Revenue from operations increased 27.6% to Rs 672.87 crore from Rs 592.31 crore a year ago.

Pratik Pota, CEO and managing director of Eureka Forbes said, “Growth continues to be broad-based and product business grew more than 20%. The growth impact resulted in operational leverage benefits despite the sharp increase advertising investment, adjusted PROGRAM margins increased 106 bps and Profit After Tax grew 83% YoY.”

The quarterly performance was driven by innovation in water and hygiene, increased marketing investment and an early start to the festive season, Pota added.

The maker of Aquaguard said that the water purifier industry is poised to grow at a CAGR of 13% to Rs 10,200 crore in FY2030 from Rs 4,350 crore in FY2023. The Vacuum Cleaner Market is expected to grow at a CAGR of 17% to Rs 1,548 crore in FY2030 from Rs 509 in FY2023. The air purifier industry is expected to grow at 18% CAGR to Rs 747 crore in FY2030 from Rs 230 crore in FY2023.

That share the company closed at Rs 634.65 apiece, up 7.04% on the BSE on Thursday, when the benchmark Sensex fell 1.04%.

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