The Indian water purifier market has evolved over the last 30 years to suit water quality challenges and consumer requirements. Continuous air quality deterioration and increased awareness, coupled with modern lifestyle changes, have led to an increase in sales and market size of the purifier market. Eureka Forbes has a customer base of 20 million and a presence in 450 cities and towns in India. The award-winning “Aquaguard” is the flagship water purifier brand of Eureka Forbes, holding a 15% market share, and Forbes Vacuum cleaners are the market leaders across the country. Although Q3FY23 financial results have not been great, analysts are bullish on Eureka Forbes stock from a long-term perspective.

Source: Forbes April 30, 2023 02:51 UTC