Eureka Forbes Management Guidance Tracker
11 forward-looking guidance items tracked across 3 quarters.
Margins
Management aims for EBITDA margin expansion on a full-year basis, driven by operating leverage and cost efficiencies, despite Q1 margin contraction.
Q2 FY26Full-year margin expansionTrackedManagement aims for full-year EBITDA margin improvement, though possibly less than last year's ~120 bps due to growth investments.
Q3 FY26Gross margins to remain rangeboundActiveManagement expects gross margins to stay within a band (historical ~59-61%), not sustain the 60.8% level, but remain resilient through multiple levers.
Growth
Service bookings are expected to continue growing at double-digit rates in value, supported by AMC count growth and ASP increases.
Q2 FY26Sustained double-digit revenue growthActiveManagement expects continued double-digit growth in both products and service, driven by multiple growth engines.
Q2 FY26Service AMC bookings growth to sustainActiveService AMC bookings growth accelerated in Q2 and is expected to continue at double-digit rates.
Q3 FY26FY30 target: 2x revenue and 3x EBITDATrackedLong-term ambition to double revenue and triple EBITDA by FY30, reaffirmed with conviction despite Q3 aberration.
Revenue
The reflection of strong service bookings in reported revenue will become meaningful from Q4 FY26, as amortization catches up.
Q3 FY26Q4 FY26 revenue growth to exceed YTD 11.1%ActiveManagement expects Q4 growth to be ahead of the 11.1% YTD growth, driven by normalization of inventory and return to double-digit trajectory.