AQUAGUARD SALES GROWTH
Eureka Forbes Q2 Results: Net profit shoots up 83% YoY to Rs 46 crore, revenue up 27%
Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.
PE group Advent to buy Eureka Forbes from Shapoor Pallonji Group for Rs 4,400 crore
The loss-making business, a subsidiary of listed Forbes & Co, will be spun out through a National Company Law Tribunal approved demerger processs and then be listed separately. The sale will further help the leveraged 154-year-old construction and real estate conglomerate pare debt and focus on core operations.
Eureka Forbes looks to join one billion dollar club by 2020
Eureka Forbes, with a turnover of Rs 3,100 crore, has been posting an annual growth of 15 per cent, with international markets accounting for 30 per cent.
High levels of contamination: How effective are the water purifiers you use?
Water purifier makers see a huge opportunity in a country where waterborne diseases are rife. Not all are effective.
Hindustan Unilever targets rival Eureka Forbes with new product
Hindustan Unilever has intensified its long-running battle with Eureka Forbes for domination in the fast-growing water purifier market by pitting a new product against its rival¡¯s in the premium category.
