Eureka Forbes reported FY25 revenue of Rs. 2,436 Cr, up 12% YoY with six consecutive quarters of double-digit growth led by product premiumization and high-teens volume growth. Q4 revenue rose 10.9%, driven by product sales; service revenues showed early signs of recovery via AMC expansion. Gross margins held steady near 58-59%, while adjusted EBITDA margin expanded 136 bps to 11.7%, hitting a record 13% in Q4 despite 25% higher ad spends. PAT surged 78.4% YoY. Focus remains on innovation with 30+ new products, leadership in robotics and vacuum cleaners, and investments in service revenue growth. Management sees rising competition as positive for category growth and emphasizes margin expansion through operating leverage and cost optimization.