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Eureka Forbes Results: Latest Quarterly Results & Analysis

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Eureka Forbes Ltd. 12 Aug 2026 15:32 PM
Result PDF

Q1FY27 Quarterly Result Announced for Eureka Forbes Ltd.

Consumer Electronics company Eureka Forbes announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from Operations: Stood at Rs 70,040.32 lakh in Q1FY27, compared to Rs 60,786.94 lakh in Q1FY26, marking a YoY growth of 15.22%. On a QoQ basis, revenue grew by 2.44% from Rs 68,371.68 lakh in Q4FY26.
  • Total Income: For Q1FY27, total income was Rs 70,784.99 lakh, representing an increase of 15.04% YoY from Rs 61,531.02 lakh and a growth of 2.79% QoQ from Rs 68,861.35 lakh.
  • Profit Before Exceptional Items and Tax: Reported at Rs 5,707.94 lakh in Q1FY27, up 9.62% YoY from Rs 5,207.15 lakh, though it declined 16.76% QoQ from Rs 6,857.00 lakh.
  • Profit After Tax (Net Profit): Stood at Rs 5,698.74 lakh in Q1FY27, reflecting a growth of 47.26% YoY from Rs 3,869.91 lakh and an 11.68% increase QoQ from Rs 5,102.84 lakh.
  • Total Comprehensive Income: For the quarter, it was Rs 5,488.70 lakh, up 45.12% YoY from Rs 3,782.21 lakh and up 0.30% QoQ from Rs 5,472.22 lakh.
  • Earnings Per Share (EPS): Basic EPS reached Rs 2.93 in Q1FY27, compared to Rs 1.99 in Q1FY26 and Rs 2.62 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations: Reported at Rs 70,076.74 lakh in Q1FY27, a YoY increase of 15.31% from Rs 60,774.07 lakh and a QoQ growth of 2.48% from Rs 68,383.38 lakh.
  • Total Income: Stood at Rs 70,795.55 lakh in Q1FY27, up 15.14% YoY from Rs 61,488.12 lakh and up 2.77% QoQ from Rs 68,887.42 lakh.
  • Profit After Tax (Net Profit): Came in at Rs 5,543.63 lakh in Q1FY27, marking a 43.91% increase YoY from Rs 3,852.22 lakh and an 8.50% growth QoQ from Rs 5,109.40 lakh.

Business Highlights:

  • Segment-wise Performance: The Company is primarily engaged in the business of Health, Hygiene products and its services. As per management, there is no other separate reportable segment under Indian Accounting Standard 108.
  • Exceptional Items: During Q1FY27, the Company reported an exceptional income of Rs 1,953.77 lakh. This was due to an amendment in the gratuity scheme to align with the Payment of Gratuity Act, 1972, resulting in a remeasurement and reversal of gratuity expense.
  • Share-Based Payments: Employee benefit expenses for Q1FY27 include a charge of Rs 655.96 lakh related to equity-settled share-based payment transactions (ESOPs).
  • Regulatory Updates: The Company continues to monitor developments regarding the four new Labour Codes notified by the Government of India and will continue to assess future accounting implications based on guidance from authorities.

Pratik Pota, MD and CEO, Eureka Forbes said, “We started FY27 on a solid note with revenue growth of 15.3% in Q1. Growth was broad-based across all our categories and channels. Water Purifiers witnessed revenue acceleration with a high-teens growth in Q1 FY27 coming through a combination of double-digit volume growth and pricing. Our Emerging categories of Robotics, Air Purifiers and Water Softeners sustained their strong growth momentum as well.

This growth in the product portfolio was driven by strong product innovation, focused go-to-market interventions including stronger in-store presence in modern retail, improved execution, and continued brand investments.

In Service, we launched an aggressive multimedia campaign to drive awareness of genuine Aquaguard filters during the quarter, and accelerate their adoption.

Adjusted EBITDA margins came in at 10.5%, impacted by gross margin reduction owing to commodity inflation and higher A&SP spends during the quarter.

Looking ahead, while the external environment remains uncertain, the fundamentals of our business remain strong. Having built a solid foundation over the last few years, and with a strong start in Q1, we are now focused on stepping up growth and unlocking the next phase of our transformation journey.”

Result PDF

Result PDF

Consumer Electronics company Eureka Forbes announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 68,371.68 lakh, registering a QoQ increase of 5.94% from Rs 64,539.58 lakh in Q3FY26 and a YoY increase of 11.60% from Rs 61,265.22 lakh in Q4FY25.
  • Total Income for Q4FY26 reached Rs 68,861.35 lakh, growing 5.81% QoQ compared to Rs 65,081.54 lakh and 11.60% YoY compared to Rs 61,704.66 lakh.
  • Profit after tax for the period Q4FY26 stood at Rs 5,102.84 lakh, a QoQ increase of 411.37% from Rs 997.88 lakh in Q3FY26 and a YoY increase of 3.13% from Rs 4,948.10 lakh in Q4FY25.
  • For the full financial year FY26, Consolidated Revenue from operations was Rs 2,70,906.14 lakh, compared to Rs 2,43,691.43 lakh in FY25.
  • Consolidated Profit after tax for the full year FY26 was Rs 16,262.37 lakh, against Rs 16,441.47 lakh in FY25.
  • Earnings per equity share (Basic) for the year FY26 stood at Rs 8.36 compared to Rs 8.46 in FY25.

Standalone Financial Highlights:

  • Revenue from operations for Q4FY26 stood at Rs 68,383.38 lakh, showing a QoQ growth of 5.95% compared to Rs 64,544.54 lakh in Q3FY26 and a YoY growth of 11.64% compared to Rs 61,254.42 lakh in Q4FY25.
  • Total Income for the quarter ended March 31, 2026, was Rs 68,887.42 lakh, an increase of 5.89% from Rs 65,056.48 lakh in Q3FY26 and an 11.68% increase from Rs 61,684.82 lakh in Q4FY25.
  • Profit after tax for Q4FY26 was Rs 5,109.40 lakh, representing a QoQ growth of 467.57% from Rs 900.22 lakh in Q3FY26 (which was impacted by an exceptional item) and a marginal YoY growth of 0.67% from Rs 5,075.18 lakh in Q4FY25.
  • For the full year FY26, Standalone Revenue from operations reached Rs 2,71,046.92 lakh, up 11.26% compared to Rs 2,43,606.24 lakh in FY25.
  • The Standalone Profit after tax for FY26 was Rs 16,020.70 lakh, compared to Rs 16,328.65 lakh in FY25.
  • Earnings per equity share (Basic) for Q4FY26 stood at Rs 2.63 compared to Rs 0.46 in Q3FY26 and Rs 2.62 in Q4FY25.

Business Highlights:

  • Segment Performance: The company is primarily engaged in a single business segment, which includes Health, Hygiene products and its services. There are no other reportable segments as per Ind AS 108.
  • Leadership Updates: Mr. Anurag Kumar, Chief Growth Officer, has taken on the additional responsibility of E-commerce and D2C effective from May 19, 2026.
  • Corporate Restructuring: Forbes Lux FZE, Dubai, a wholly-owned subsidiary of Euro Forbes Limited, has been liquidated pursuant to a letter from the Jebel Ali Free Zone authority dated November 13, 2025.
  • Audit Appointments: The Board approved the appointment of M/s. J. Chandra & Associates as Cost Auditor and M/s. PricewaterhouseCoopers Services LLP as Internal Auditor for the Financial Year 2026-27.
  • Exceptional Items: The results for FY26 include an exceptional expense of Rs 4,044.18 lakh toward estimated incremental impact on retiral benefits due to the notification of the new Labour Codes.

Pratik Pota, MD, and CEO, Eureka Forbes said, “We closed FY26 with a strong quarter and a solid full-year performance despite a challenging external environment. Q4 revenue grew 11.6% YoY and we delivered our highestever quarterly adjusted EBITDA margin of 13.2%. Growth was led by double-digit growth in water purifiers and continuing strong growth in emerging categories, while our continued investments helped the product business deliver healthy double-digit growth.

More importantly, the quality of our growth continued to improve. Growth was broad-based across categories, channels and geographies, while service bookings also grew double digits and our customer experience improved further.

FY26 also marked another year of structural progress for Eureka Forbes. We delivered 11.3% revenue growth for the full year, expanded adjusted EBITDA margin to 12.2%, and completed our third consecutive year of margin expansion, even as we continued to step up growth investments. We have fundamentally reshaped the business; our transformation into a multicategory health and hygiene company is gaining strength, customer experience is improving meaningfully, and our balance sheet is significantly stronger.

As we look ahead, in this uncertain and challenging environment, we will remain sharply focused on driving growth through sustained investments and sharper execution, and on driving profitability by aggressively reducing inefficiencies and improving productivity. With a strong foundation, the right strategy and a capable and growth-focused team, I am confident that we will continue to deliver sustained, profitable growth ahead.”

Result PDF

Consumer Electronics company Eureka Forbes announced Q3FY26 results

  • Revenue from operations increased 8.0% YoY to Rs. 645.4 crore, driven by multiple growth drivers.
  • Products business was primarily driven by very strong growth in Robotics.
  • Water Purifiers performance was impacted due to high channel inventory and slowdown in consumer demand.
  • Air Purifiers witnessed strong broad-based demand, with revenue growing 3x YoY.
  • Service business momentum builds-up with third successive quarter of double-digit AMC bookings growth.
  • Adjusted (Adj.) EBITDA increased 13.7% YoY to Rs 73.2 crore from Rs 64.4 crore in Q3FY25; Adj. EBITDA margin improved 57bps YoY to 11.3%, supported by healthy gross margins at 60.8%.
  • Adj. PBT (before exceptional items and ESOP) increased 11.3% YoY to Rs 58.5 crore from Rs 52.6 crore in Q3FY25.
  • Profit After Tax (before exceptional items) increased 11.9% YoY to Rs 39.0 crore from Rs 34.8 crore in Q3FY25; Exceptional items include one-time impact of Rs. 40.4 crore (pretax) due to implementation of new Labour Codes.

Pratik Pota, MD & CEO, Eureka Forbes, said: “We witnessed a resilient performance in Q3FY26 in a challenging macro environment. Revenue grew 8% YoY and adjusted EBITDA margin expanded by 57bps YoY to reach 11.3%.

Our Water Purifier portfolio faced challenges due to a post-festive slowdown and elevated channel inventory. Within this, we outperformed the category and grew market share during the quarter.

The business now clearly has multiple growth vectors, as demonstrated by the continued strong growth in Robotics and Softeners, and a break-out performance in Air Purifiers.

Service transformation momentum continued with the third consecutive quarter of double?digit Service bookings growth. Our customer service metrics continue to show significant improvement.

Notwithstanding the slowdown in Q3, as recent news demonstrate, our categories have never been more relevant, and we remain confident about the underlying potential of our business. Our business and transformation strategy is on track, and we are well poised to achieve our long-term ambition of strong and sustained profitable growth.”

Result PDF

Consumer Electronics company Eureka Forbes announced Q2FY26 results

  • Revenue from operations increased 14.9% YoY to Rs 773.4 crore, driven by high teens growth in products business.
  • Service business turnaround accelerated with double-digit growth in AMC bookings.
  • Adjusted (Adj.) EBITDA increased 31.1% YoY to Rs 101.6 crore from Rs 77.5 crore in Q2FY25; Adj. EBITDA margin improved 162bps YoY to 13.1%.
  • Adj. PBT (before exceptional items and ESOP) increased 36.6% YoY to Rs 88.9 crore from Rs 65.1 crore in Q2FY25.
  • Profit After Tax increased 32.0% YoY to Rs 61.6 crore from Rs 46.7 crore in Q2FY25.

Pratik Pota, MD, and CEO, Eureka Forbes, said: “In an uncertain and evolving external environment, Q2FY26 was an exciting milestone quarter for us. We delivered a strong revenue growth of 14.9% YoY and EBITDA crossed Rs. 100 crore for the first time at a lifetime high margin of 13.1%.

Our revenue growth came on the back of a high-teens growth in Products, with all our categories growing well. In Water, growth came on the back of a scale up of our 2-year range which reduces the cost of ownership significantly. In Cleaning, the biggest engine of growth was the Robotics segment which performed well across all channels. With this quarter, we have now delivered double digit product growth in every single quarter in the last two years.

The service business turnaround accelerated with a strong, double-digit growth in service bookings. Our customer experience improved further, with service levels reaching lifetime highs.

Even after a significant increase in our growth investments, EBITDA grew by 31.1% YoY and margin reached a lifetime high level of 13.1%. Profit after tax grew 32.0% YoY.

The quarter’s performance gives us tremendous energy and reinforces the strong conviction that we have in our transformation strategy. The key building blocks of our strategy are falling in place and showing clear and meaningful results.

Looking ahead, we could not be more excited at what lies ahead.”

Result PDF

Consumer Electronics company Eureka Forbes announced Q1FY26 results

  • Revenue from operations grew 9.9% YoY to Rs 607.7 crore in a soft demand environment.
  • Double-digit volume and value growth powers product portfolio; product business has now grown in double-digits for 7 successive quarters.
  • Broad-based water purifier growth in both economy & premium segments.
  • Vacuum cleaner performance led by 52% YoY growth in Robotics.
  • Service business saw a turnaround with double-digit growth in service bookings, driven by volume & ASP.
  • Robust Adj. EBITDA margin at 11.0% (11.5% in Q1FY25) despite continuing growth investments; operating leverage benefit of 183bps YoY, funded increase in service charge, and growth spends.
  • Adj. PBT (before exceptional items and ESOP) increased 14.2% YoY to Rs 57.3 crore from Rs 50.2 crore in Q1FY25.
  • Profit After Tax increased 24.1% YoY to Rs 38.5 crore from Rs 31.0 crore in Q1FY25.

Pratik Pota, MD, and CEO, Eureka Forbes, said: “In an extremely challenging demand environment, we are proud of the solid, all-around performance delivered by EFL. Revenues grew by 9.9% on the back of double-digit growth in our product portfolio, in both volume and value. Profitability continued to improve, and Profit After Tax grew by 24.1%.

Our Water Purifiers category saw strong growth in both the Economy and Premium segments. The horizontal deployment of Water Purifiers with 2-year filter life is a game-changer as it reduces lifetime ownership cost, we are confident that this will drive help penetration and growth.

The Vacuum Cleaner category also saw strong growth driven by a surge in the sales of our Robotics portfolio. Our early conviction and bet on this category is now yielding strong results, and we believe that this segment will continue to scale in the future.

One emerging bright spot last quarter was that our Service business turnaround picked up pace with a double-digit growth in service bookings. We have taken many initiatives in Service which are now beginning to bear results, and we are confident of sustaining this growth in the periods ahead.

As we look forward to the third year of our transformation, we could not be more excited about what lies ahead. Our categories have low penetration and offer immense potential, and we are confident that we have the right strategy and set of plans to win in the market and deliver sustained and profitable growth in the future.”

Result PDF

Consumer Electronics company Eureka Forbes announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from operations grew 10.8% YoY to Rs 612.5 crore. Continuing businesses grew marginally higher at 10.9% YoY.
  • Adjusted (Adj.) EBITDA increased 28.8% YoY to Rs 79.7 crore from Rs 61.9 crore in Q4FY24; Adj. EBITDA margin improved 183bps YoY to 13.0%. Margins improved YoY in every single quarter of FY25.
  • Adj. PBT (before exceptional items and ESOP) increased 39.9% YoY to Rs 68.0 crore from Rs 48.6 crore in Q4FY24.
  • Profit After Tax increased 137.5% YoY to Rs 50.8 crore from Rs 21.4 crore in Q4FY24. (Adj. PAT pre-ESOP increased 77.3% YoY to Rs 52.3 crore from Rs 29.5 crore in Q4FY24)

FY25 Financial Highlights:

  • Revenue from operations grew 11.3% YoY to Rs 2,436.1 crore. Continuing businesses grew higher at 12.0% YoY. (FY24 growth : 7.9% and FY23 growth : 2.2%)
  • Adjusted (Adj.) EBITDA increased 25.9% YoY to Rs 285.0 crore from Rs 226.3 crore during FY24; Adj. EBITDA margin improved 136bps YoY to 11.7%. (FY24 margin : 10.3% and FY23 margin : 6.3%)
  • Profit After Tax increased 78.4% YoY to Rs 163.3 crore from Rs 91.5 crore during FY24. (FY23 : Rs 17.1 crore) PAT up ~10x in 2 years
  • Adj. PAT (pre-ESOP) increased 52.4% YoY to Rs 179.8 crore from Rs 118.0 crore in FY24

Commenting on the Q4FY25 & FY25 performance, Pratik Pota, MD, and CEO, Eureka Forbes said, “We are pleased to exit the second full year of transformation with yet another quarter of double-digit growth and lifetime high profitability.

In Q4, continuing business revenue grew by 10.9% YoY, and this was the sixth successive quarter of double-digit growth. Led by operating leverage, EBITDA margins touched 13% for the first time. The momentum in our product business sustained and our innovations and growth investments helped the products grow in high teens.

Stepping back and looking at the full year picture, the impact of transformation initiatives is now visible on multiple fronts. Growth stepped up from 2.2% in FY23 to 7.9% in FY24 and now to 12.0% in FY25 on the back of strong growth in our product business. Margins have expanded from 6.3% in FY23 to 10.3% in FY24 and now to 11.7% in FY25. The FY25 margin expansion is after a 25% YoY increase in growth investments. Net surplus is at Rs 284 crore. In terms of capabilities, we have reclaimed thought leadership on innovations, our customer metrics are at an all-time high and our cost program is generating fuel for growth.

Looking ahead, our focus will be on driving service revenue. Several transformation initiatives have been under way, and I am pleased to report that we are seeing green shoots in our service revenue. At the same time, we will stay the course on innovations, step up our growth investments further, and drive margin improvement.

The progress we have achieved in two years of our transformation and with the momentum of sustained double-digit growth and lifetime high margins in Q4 give us the confidence and the energy to drive sustained profitable growth in the year ahead.”.

Result PDF

Consumer Electronics company Eureka Forbes announced Q3FY25 results

  • Revenue from operations increased 11.0% YoY to Rs 597.8 crore. Continuing businesses grew higher at 11.3% YoY.
  • Adjusted (Adj.) EBITDA increased 21.6% YoY to Rs 64.4 crore from Rs 52.9 crore in Q3FY24; Adj. EBITDA margin improved 94bps YoY to 10.8%.
  • Adj. PBT (before exceptional items and ESOP) increased 28.7% YoY to Rs 52.6 crore from Rs 40.9 crore in Q3FY24.
  • Profit After Tax increased 53.6% YoY to Rs 34.8 crore from Rs 22.7 crore in Q3FY24.

Pratik Pota, MD & CEO, Eureka Forbes, said: “We are pleased to report the fifth successive quarter of double-digit growth in our continuing business which grew by 11.3% in Q3FY25.

In the context of a relatively muted demand environment, the momentum in our product business continued and our product business sustained its double-digit growth. Our innovations in premium EWPs and Robotics were the key engines of growth.

Our profitability improved and EBITDA margins for Q3 at 10.8% expanded by 94bps year on year. Profit after Tax grew 53.6% year on year.

Looking ahead, our focus will remain on execution of our transformation strategy and we are confident that we will deliver sustained and profitable growth.”

Result PDF

Consumer Electronics company Eureka Forbes announced Q2FY25 results

  • Revenue from operations increased 13.6% YoY to Rs 672.9 crore. Continuing business grew higher at 14.7% YoY.
  • Adjusted (Adj.) EBITDA increased 25.1% YoY to Rs 77.5 crore from Rs 62.0 crore in Q2FY24; Adj. EBITDA margin improved 106bps YoY to 11.5%.
  • Adj. PBT (before exceptional items and ESOP) increased 36.2% YoY to Rs 65.1 crore from Rs 47.8 crore in Q2FY24.
  • Profit After Tax increased 83.2% YoY to Rs 46.7 crore from Rs 25.5 crore in Q2FY24.
  • The company got listed on the National Stock Exchange (NSE) on 11th September 2024; NSE scrip symbol - EUREKAFORB.

Pratik Pota, MD, and CEO, Eureka Forbes, said: “Our transformation efforts continued to gain momentum with a strong performance in Q2FY25.

Driven by a range of innovations across both Water and Cleaning, increased marketing investments and onset of an earlier festive season, we delivered a 14.7% continuing business growth in Q2, making this the fourth successive quarter of double-digit growth in our continuing business.

Growth continued to be broad based and product business grew in excess of 20%. The impact of growth led to operating leverage benefits and despite the sharp step up in advertising investments, adjusted EBITDA margin expanded 106 bps and Profit after Tax grew 83% YoY.

With strong double-digit growth for the last four consecutive quarters, and our transformation efforts continuing, we are excited about what lies ahead and remain confident of driving sustained and profitable growth in the future.”

Result PDF

Consumer Electronics company Eureka Forbes announced Q1FY25 results:

  • Revenue from operations increased 9.4% YoY to Rs 552.8 crore Continuing businesses grew higher at 10.8% YoY.
  • Adjusted (Adj.) EBITDA increased 27.9% YoY to Rs 63.4 crore from Rs 49.6 crore in Q1 FY24; Adj. EBITDA margin improved 166bps YoY to 11.5%.
  • Adj. PBT (before exceptional items and ESOP) increased 44.3% YoY to Rs 50.2 crore from Rs 34.8 crore in Q1 FY24.
  • Profit After Tax increased 40.7% YoY to Rs 31.0 crore from Rs 22.1 crore in Q1 FY24.

Commenting on the Q1FY25 performance, Pratik Pota, MD, and CEO, Eureka Forbes Limited said, "Despite a muted demand environment, we are pleased to report the third successive quarter of double-digit growth in our continuing business which grew by 10.8% in Q1.

Growth was broad-based across both Water Purifier and Vacuum Cleaner categories and the service business, with our premium products across both Water and VCs being the engines of growth.

We made progress on the profitability front too with EBITDA margins for Q1 reaching a lifetime high of 11.5%, an improvement of 166bps year on year.

Looking ahead, we have strong conviction in our strategy and believe that we have the right set of plans to drive sustained and profitable growth in the future."

Result PDF

Consumer Electronics company Eureka Forbes announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations increased 8.8% YoY to Rs 553.1 crore. Continuing businesses grew higher at 11.4% YoY.
  • Adjusted (Adj.) EBITDA increased 30.6% YoY to Rs 61.9 crore from Rs 47.4 crore in Q4 FY23; Adj. EBITDA margin improved 186bps YoY to 11.2%, the highest ever
  • Adj. PBT (before exceptional items and ESOP) increased 38.9% YoY to Rs 48.6 crore from Rs 35.0 crore in Q4 FY23.
  • Profit After Tax increased 31.1% YoY to Rs 21.4 crore from Rs 16.3 crore in Q4 FY23.
  • Adj. PAT (pre-ESOP) increased 81.0% YoY to Rs 29.5 crore from Rs 16.3 crore in Q4 FY23. 

FY24 Financial Highlights:

  • Revenue from operations increased 5.2% YoY to Rs 2,189.2 crore. Continuing businesses grew at 7.9% YoY.
  • Adj. EBITDA increased 71.9% YoY to Rs 226.3 crore from Rs 131.7 crore in FY23; Adj. EBITDA margin improved 401bps YoY to 10.3%.
  • Adj. PBT (before exceptional items and ESOP) increased 156.8% YoY to Rs 172.0 crore from Rs 67.0 crore in FY23.
  • Profit After Tax increased 435.5% YoY to Rs 91.5 crore from Rs 17.1 crore in FY23.
  • Adj. PAT (pre-ESOP) increased 590.3% YoY to Rs 118.0 crore from Rs 17.1 crore in FY23.

Commenting on the Q4 FY24 and FY24 performance, Pratik Pota, MD, and CEO, Eureka Forbes Limited said, “As we exit the first full year of our transformation program Udaan, I am pleased to report progress on multiple fronts. Continuing businesses grew by 11.4% in Q4 and by 7.9% for the year with H2 growth of 14.0%.

Driven by operating efficiencies and leverage, EBITDA margins for Q4 reached a lifetime high of 11.2% - an improvement of 186bps year on year.

For the FY, EBITDA margins expanded by 401bps to 10.3% in FY24 with a full year operational cash flow generation of Rs 194 crore.

Transformation initiatives gathered momentum with the most visible impact in the areas of product innovations and consumer campaigns. Several new and industry first products were launched in all 3 categories of Electric Water Purifiers, Vacuum Cleaners and Air PurifieRs New launches were backed with advertising campaigns focused on driving penetration and category adoption.

The progress we have achieved in the first year of our transformation and with momentum of a double-digit H2 growth and lifetime high margins in Q4 give us the confidence and the energy as we enter the next stage in this journey of transforming this iconic brand and Company to its rightful place.”

Result PDF

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