Latest news with #PratikPota
Business Standard
6 days ago
- Business
- Business Standard
Eureka Forbes Limited enhances its manufacturing capability with a strategic partnership with Dixon Technologies India Limited
BusinessWire India Mumbai (Maharashtra) [India], July 15: Eureka Forbes Limited, one of India's leading health and hygiene brands, is proud to announce its strategic partnership with Dixon Technologies (India) Limited (DTIL), a leader in electronic manufacturing services (EMS). This collaboration marks an important step in expanding Eureka Forbes' Vacuum Cleaner portfolio by assembly/manufacture & supply of robotic vacuum cleaners, reinforcing its position as a trusted name in Indian households. Under this partnership, DTIL will produce a range of Robotic Vacuum Cleaners for Eureka Forbes leveraging its cutting-edge facilities and extensive manufacturing expertise. Dixon's ISO-certified plants will ensure that the Eureka Forbes robotic vacuum cleaners meet rigorous standards of durability, quality, and innovation. This collaboration aligns with Eureka Forbes' vision of delivering value-driven, high-performing, health-tech products that cater to the evolving needs of Indian consumers. Talking about the partnership, Mr. Pratik Pota, MD & CEO, Eureka Forbes Ltd., said, "At Eureka Forbes, we are committed to delivering innovative, high-performing products that enrich the lives of our consumers. Our strategic partnership with Dixon Technologies is a testament to this commitment and a significant step towards strengthening our Make in India vision. By combining Eureka Forbes's deep consumer insight and innovation prowess with Dixon's manufacturing excellence, we aim to accelerate our presence in the robotic vacuum cleaner category and bring cutting-edge, locally made solutions to Indian homes." Mr. Atul B. Lall, Vice Chairman and Managing Director, Dixon Technologies (India), added, "We are pleased to formalize our strategic partnership with Eureka Forbes, a brand synonymous with trust and innovation in home appliances segment. This agreement marks a significant milestone for our company as we expand our capabilities in the homecare segment. By combining our advanced manufacturing expertise with Eureka Forbes's deep market understanding and product leadership, we aim to deliver high-quality vacuum cleaners that meet the evolving needs of consumers and market. We see this as the beginning of a long-term association that will drive value for both organizations and ultimately benefit customers across markets." Dixon Technologies (India) Limited is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tube lights, down lighters; (iv) Mobile phones; and (v) Wearables and Hearables(vi) Refrigerators (vii) Telecom and IT Hardware products. Dixon also provides solutions in reverse logistics i.e., repair and refurbishment services of LED TV panels. The company is renowned for its high-quality standards, ethical business practices and commitment, making it a preferred partner across various industry verticals.
Business Upturn
6 days ago
- Business
- Business Upturn
Eureka Forbes Limited enhances its manufacturing capability with a strategic partnership with Dixon Technologies India Limited
Eureka Forbes Limited, one of India's leading health and hygiene brands, is proud to announce its strategic partnership with Dixon Technologies (India) Limited (DTIL), a leader in electronic manufacturing services (EMS). Business Wire India Eureka Forbes Limited, one of India's leading health and hygiene brands, is proud to announce its strategic partnership with Dixon Technologies (India) Limited (DTIL), a leader in electronic manufacturing services (EMS). This collaboration marks an important step in expanding Eureka Forbes' Vacuum Cleaner port f olio by assembly/manufacture & supply of robotic vacuum cleaners, reinforcing its position as a trusted name in Indian households. Under this partnership, DTIL will produce a range of Robotic Vacuum Cleaners for Eureka Forbes leveraging its cutting-edge facilities and extensive manufacturing expertise. Dixon's ISO-certified plants will ensure that the Eureka Forbes robotic vacuum cleaners meet rigorous standards of durability, quality, and innovation. This collaboration aligns with Eureka Forbes' vision of delivering value-driven, high-performing, health-tech products that cater to the evolving needs of Indian consumers. Talking about the partnership, Mr. Pratik Pota, MD & CEO, Eureka Forbes Ltd., said, 'At Eureka Forbes, we are committed to delivering innovative, high-performing products that enrich the lives of our consumers. Our strategic partnership with Dixon Technologies is a testament to this commitment and a significant step towards strengthening our Make in India vision. By combining Eureka Forbes's deep consumer insight and innovation prowess with Dixon's manufacturing excellence, we aim to accelerate our presence in the robotic vacuum cleaner category and bring cutting-edge, locally made solutions to Indian homes.' Mr. Atul B. Lall, Vice Chairman and Managing Director, Dixon Technologies (India), added , 'We are pleased to formalize our strategic partnership with Eureka Forbes, a brand synonymous with trust and innovation in home appliances segment. This agreement marks a significant milestone for our company as we expand our capabilities in the homecare segment. By combining our advanced manufacturing expertise with Eureka Forbes's deep market understanding and product leadership, we aim to deliver high-quality vacuum cleaners that meet the evolving needs of consumers and market. We see this as the beginning of a long-term association that will drive value for both organizations and ultimately benefit customers across markets.' Dixon Technologies (India) Limited is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product port f olio includes (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tube lights, down lighters; (iv) Mobile phones; and (v) Wearables and Hearables(vi) Refrigerators (vii) Telecom and IT Hardware products. Dixon also provides solutions in reverse logistics i.e., repair and refurbishment services of LED TV panels. The company is renowned for its high-quality standards, ethical business practices and commitment, making it a preferred partner across various industry verticals. Through this collaboration, Eureka Forbes aims to further elevate its product offerings, strengthen its presence in the robotic vacuum market, and continue its mission to become a household name across India. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
The Wire
6 days ago
- Business
- The Wire
Eureka Forbes Limited enhances its manufacturing capability with a strategic partnership with Dixon Technologies India Limited
Mumbai, Maharashtra, India – Business Wire India Eureka Forbes Limited, one of India's leading health and hygiene brands, is proud to announce its strategic partnership with Dixon Technologies (India) Limited (DTIL), a leader in electronic manufacturing services (EMS). This collaboration marks an important step in expanding Eureka Forbes' Vacuum Cleaner portfolio by assembly/manufacture & supply of robotic vacuum cleaners, reinforcing its position as a trusted name in Indian households. Under this partnership, DTIL will produce a range of Robotic Vacuum Cleaners for Eureka Forbes leveraging its cutting-edge facilities and extensive manufacturing expertise. Dixon's ISO-certified plants will ensure that the Eureka Forbes robotic vacuum cleaners meet rigorous standards of durability, quality, and innovation. This collaboration aligns with Eureka Forbes' vision of delivering value-driven, high-performing, health-tech products that cater to the evolving needs of Indian consumers. Talking about the partnership, Mr. Pratik Pota, MD & CEO, Eureka Forbes Ltd., said, 'At Eureka Forbes, we are committed to delivering innovative, high-performing products that enrich the lives of our consumers. Our strategic partnership with Dixon Technologies is a testament to this commitment and a significant step towards strengthening our Make in India vision. By combining Eureka Forbes's deep consumer insight and innovation prowess with Dixon's manufacturing excellence, we aim to accelerate our presence in the robotic vacuum cleaner category and bring cutting-edge, locally made solutions to Indian homes.' Mr. Atul B. Lall, Vice Chairman and Managing Director, Dixon Technologies (India), added, 'We are pleased to formalize our strategic partnership with Eureka Forbes, a brand synonymous with trust and innovation in home appliances segment. This agreement marks a significant milestone for our company as we expand our capabilities in the homecare segment. By combining our advanced manufacturing expertise with Eureka Forbes's deep market understanding and product leadership, we aim to deliver high-quality vacuum cleaners that meet the evolving needs of consumers and market. We see this as the beginning of a long-term association that will drive value for both organizations and ultimately benefit customers across markets.' Dixon Technologies (India) Limited is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tube lights, down lighters; (iv) Mobile phones; and (v) Wearables and Hearables(vi) Refrigerators (vii) Telecom and IT Hardware products. Dixon also provides solutions in reverse logistics i.e., repair and refurbishment services of LED TV panels. The company is renowned for its high-quality standards, ethical business practices and commitment, making it a preferred partner across various industry verticals. Through this collaboration, Eureka Forbes aims to further elevate its product offerings, strengthen its presence in the robotic vacuum market, and continue its mission to become a household name across India. About Eureka Forbes Eureka Forbes Limited is India's leading health and hygiene brand. With over four decades of existence, it is today a multi-product and an omni-channel organization. Eureka Forbes' product portfolio encompasses water purification, vacuum cleaning and air purification. It has direct, retail, e-commerce and institutional sales channels, an inventive business partner network and one of the most expansive service networks across India. To View the Image, Click on the Link Below: Mr. Pratik Pota, MD & CEO, Eureka Forbes Ltd. with Mr. Atul B. Lall, Vice Chairman and Managing Director, Dixon Technologies (India) (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
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Business Standard
16-05-2025
- Business
- Business Standard
Eureka Forbes Q4 results: Profit doubles to Rs 49.5 cr, revenue up 10.6%
Health and hygiene products maker Eureka Forbes Ltd on Friday reported a twofold increase in its consolidated net profit to Rs 49.48 crore in the March quarter of 2024-25. The company had posted a net profit of Rs 21.38 crore in the January-March quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent International. Its revenue from operations was up 10.67 per cent to Rs 612.65 crore during the quarter under review. It was at Rs 553.56 crore in the corresponding quarter. Eureka Forbes' total expenses increased 7 per cent to Rs 551.75 crore in the March quarter. Total income, which includes other income, was up 11 at Rs 617.04 crore in the quarter. Commenting on the results, the company's MD and CEO Pratik Pota said: "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 per cent for the first time." The momentum in our product business sustained and our innovations and growth investments helped the products grow in high teens, he said. In FY25, Eureka Forbes' profit increased by 72 per cent to Rs 164.41 crore from Rs 95.64 crore a year ago. Total income rose by 11.53 per cent to Rs 2,451.47 crore compared to the previous year. This is the "second full year of transformation with yet another quarter of double-digit growth and lifetime high profitability," said Pota. Eureka Forbes is now promoted by Lunolux, which is a special purpose vehicle established by AI Global Investments (Cyprus) PCC Ltd, which acts as the investment hub for Asia for all the funds managed by Advent International. Shapoorji Pallonji Group, the former promoter exited the company in 2022. Over outlook, Pota said: "Looking ahead, our focus will be on driving service revenue. Several transformation initiatives have been underway, 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." Shares of Eureka Forbes Ltd on Friday settled at Rs 594.85 on BSE, up 9.97 per cent from the previous close.
Economic Times
16-05-2025
- Business
- Economic Times
Eureka Forbes Q4 Results: Profit up twofold to Rs 49 crore, revenue up 10%
Health and hygiene products maker Eureka Forbes Ltd on Friday reported a twofold increase in its consolidated net profit to Rs 49.48 crore in the March quarter of 2024-25. The company had posted a net profit of Rs 21.38 crore in the January-March quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent International. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Health and hygiene products maker Eureka Forbes Ltd on Friday reported a twofold increase in its consolidated net profit to Rs 49.48 crore in the March quarter of 2024-25. The company had posted a net profit of Rs 21.38 crore in the January-March quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent revenue from operations was up 10.67 per cent to Rs 612.65 crore during the quarter under review. It was at Rs 553.56 crore in the corresponding Forbes' total expenses increased 7 per cent to Rs 551.75 crore in the March quarter. Total income, which includes other income, was up 11 at Rs 617.04 crore in the on the results, the company's MD and CEO Pratik Pota said: "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 per cent for the first time."The momentum in our product business sustained and our innovations and growth investments helped the products grow in high teens, he FY25, Eureka Forbes' profit increased by 72 per cent to Rs 164.41 crore from Rs 95.64 crore a year ago. Total income rose by 11.53 per cent to Rs 2,451.47 crore compared to the previous is the "second full year of transformation with yet another quarter of double-digit growth and lifetime high profitability," said Forbes is now promoted by Lunolux, which is a special purpose vehicle established by AI Global Investments (Cyprus) PCC Ltd, which acts as the investment hub for Asia for all the funds managed by Advent International. Shapoorji Pallonji Group, the former promoter exited the company in outlook, Pota said: "Looking ahead, our focus will be on driving service revenue. Several transformation initiatives have been underway, 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." Shares of Eureka Forbes Ltd on Friday settled at Rs 594.85 on BSE, up 9.97 per cent from the previous close.
