Eureka Forbes' Revenue Growth Trajectory Likely to Improve — Market Talk
DDow Jones
Eureka Forbes' revenue growth trajectory is likely to improve to 14% in FY 2026 and 13% in FY 2027, Nomura analysts say in a research report. The Indian company's new product launches are being well-accepted, and the benefits from the recovery in its services should be visible from 2H FY 2026, the analysts say. The health and hygiene products manufacturer's launch of water purifiers with a two-year filter life across price points has seen strong acceptance and should drive market penetration. The brokerage raises the stock's target price to INR624.00 from INR603.00 to reflect valuation roll-forward, with an unchanged neutral rating. Shares are 0.5% higher at INR558.35. (ronnie.harui@wsj.com)