What NBCC’s Concall Signals About Growth and Margins Ahead
NBCC’s latest concall commentary indicates a confident growth trajectory supported by robust execution, stable margins, and a strong order pipeline. Alongside this, Eureka Forbes has also shared positive forward-looking commentary on revenue, margins, and product-led expansion. Below is a structured and data-driven breakdown following the latest market disclosures.
Revenue Growth Outlook
NBCC management expects approximately 20% topline growth, supported by strong order inflows and faster execution cycles. Government-linked redevelopment and infrastructure projects continue to form a significant part of the company’s growth engine, providing stable visibility for FY26.
EBITDA & PAT Margin Expectations
EBITDA margins are expected in the range of 6–6.5%, reflecting stable project execution efficiency.
PAT margins are guided in the range of 7–8%, supported by better operating leverage, volume execution, and cost discipline. These margin bands align with NBCC’s historical performance and underscore management’s confidence in steady profitability.
Eureka Forbes: Growth & Strategic Focus
Eureka Forbes has guided for double-digit revenue growth driven by strong traction in water purifiers, vacuum cleaners, robotics-enabled home appliances, and rapid expansion in premium SKUs.
Margins are expected to improve consistently as operating scale increases. The company has highlighted that advertising spends will remain elevated, categorised as growth-investment to strengthen brand penetration across India.
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Execution Momentum & Product-Led Growth Themes
NBCC continues to benefit from accelerated government project clearances and redevelopment mandates, which enhance quarterly billing visibility. Execution-heavy players typically outperform during stable policy phases, and NBCC appears positioned to maintain momentum across FY26.
Eureka Forbes’ strong focus on robotics, air purifiers, and high-margin premium home-tech products indicates a shift toward technology-led differentiation. These products carry better pricing power and long-term adoption potential, especially in urban consumption pockets.
Investor Takeaway
NBCC’s guidance of 20% topline growth with stable EBITDA and PAT margin bands signals strong execution visibility. Meanwhile, Eureka Forbes’ strategic commitment to double-digit growth and premium-segment expansion reinforces confidence in its long-term trajectory. Investors may track order inflow trends for NBCC and product-mix improvements for Eureka Forbes as key forward indicators.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
