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V-Guard Industries Results: Latest Quarterly Results & Analysis

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V-Guard Industries Ltd. 28 Jan 2026 14:54 PM
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Q3FY26 Quarterly Result Announced for V-Guard Industries Ltd.

Household Appliances company V-Guard Industries announced Q3FY26 results

  • Consolidated Net Revenue from operations for Q3FY26 is Rs 1,403.51 crore; a growth of 10.6% over the revenue recorded in Q3FY25 (Rs 1268.65 crore).
  • Consolidated Profit After Tax for the quarter is Rs 57.06 crore, a decline of 5.2% as against Rs 60.22 crore recorded in Q3FY25.

Mithun. K. Chittilappilly, Managing Director, V-Guard Industries, said: "Business has delivered double-digit growth in the third quarter mainly driven by the electrical segment which had good volume growth and also experienced commodity price inflation. In view of the notification issued by the Ministry of Labour and Employment about the 'New Labour Codes', the Company has reassessed its employee benefit obligation. Accordingly, an incremental charge of Rs 22.11 crore has been recognised as 'Exceptional item' for the quarter.

Overall margin continues to be resilient and we look forward to the upcoming summer season with the expectation to deliver strong results"

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Household Appliances company V-Guard Industries announced Q2FY26 results

  • Consolidated Net Revenue from operations for Q2FY26 is Rs 1,340.92 crore; a growth of 3.6% over the revenue recorded in Q2FY25 (Rs 1,293.99 crore).
  • Consolidated Profit After Tax for Q2FY26 is Rs 65.29 crore, a growth of 3.0% as against Rs 63.39 crore recorded in Q2FY25.

Mithun. K. Chittilappilly, Managing Director, V-Guard Industries, said: "Business has delivered modest growth across segments in the second quarter because of headwinds including higher than average rainfall, weak demand and GST transition. Gross margins improved further during the quarter.

Reforms introduced as part of GST 2.0 are a welcome step towards simplifying the tax structure and boosting consumption. We expect the improvement in demand to start reflecting in the coming quarters."

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Household Appliances company V-Guard Industries announced Q1FY26 results

  • Consolidated Net Revenue from operations for the quarter ended June 30, 2025 is Rs 1,466.08 crore; a decline of 0.7% over the revenue recorded in corresponding period of the previous year (Rs 1,477.10 crore).
  • Consolidated Profit After Tax for the quarter is Rs 73.85 crore, a decline of 25.4% as against Rs 98.97 crore recorded in corresponding period of the previous year.
  • EBITDA excluding other income stood at Rs 123.59 crore for the quarter compared to Rs 155.77 crore in Q1FY25

Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said "Topline growth for the first quarter of FY26 was subdued due to a weak summer season and last year's high base. Electronics and electricals segments registered moderate growth while durables segment declined due to lower demand for summer categories. Gross margins continue to remain healthy. We expect the demand to normalise in the coming quarters and continue to invest in brand building and capacity enhancement.

We have also initiated actions to merge Sun/lame operations with V-Guard which will fast track realisation of synergy benefits."

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Household Appliances company V-Guard Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Consolidated Net Revenue from operations for the quarter ended March 31, 2025 is Rs 1,538.08 crore; a growth of 14.5% over the revenue recorded in corresponding period of the previous year (Rs 1,342.77 crore).
  • Consolidated Profit After Tax for the quarter is Rs 91.13 crore, a growth of 19.6% as against Rs 76.17 crore recorded in corresponding period of the previous year.
  • Consolidated Net Revenue from operations for the year ended March 31, 2025 is Rs 5,577.82 crore; a growth of 14.8% over the revenue recorded in corresponding period of the previous year (Rs 4,856.67 crore).
  • Consolidated Profit After Tax for the year ended March 31, 2025 is Rs 313.72 crore, a growth of 21.8% as against Rs 257.58 crore in corresponding period of the previous year.

FY25 Financial Highlights:

  • Net Revenue (NR): Rs 5,577.82 crore in FY25 vs. Rs 4,856.67 crore in FY24 — up 14.8%
  • COGS: Rs 3,555.75 crore in FY25 vs. Rs 3,212.96 crore in FY24 — up 10.7%
  • Gross Margin: 36.3% in FY25 vs. 33.8% in FY24 — improvement
  • EBITDA (Excluding Other Income): Rs 513.23 crore in FY25 vs. Rs 426.71 crore in FY24 — up 20.3%
    • As a % to NR: 9.2% in FY25 vs. 8.8% in FY24
  • PBT: Rs 413.95 crore in FY25 vs. Rs 340.32 crore in FY24 — up 21.6%
    • As a % to NR: 7.4% in FY25 vs. 7.0% in FY24
  • PAT: Rs 313.72 crore in FY25 vs. Rs 257.58 crore in FY24 — up 21.8%
    • As a % to NR: 5.6% in FY25 vs. 5.3% in FY24

Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said "Business has delivered robust performance in the fourth quarter with good growth in both revenue and profitability. Gross margins further improved on YoY basis.

Supported by strong cash flows, we have pre-closed the entire term loan related to Sunflame acquisition and are back to being a debt free company.

Having ended the financial year on a positive note, we look forward to the upcoming financial year with optimism and some exciting product launches in the pipeline."

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Household Appliances company V-Guard Industries announced Q3FY25 results

  • Consolidated Net Revenue from operations for Q3FY25 is Rs 1268.65 crore; a growth of 8.9% over the revenue recorded in Q3FY24 (Rs 1165.39 crore).
  • Consolidated Profit After Tax for Q3FY25 is Rs 60.22 crore, a growth of 3.4% as against Rs 58.24 crore recorded in Q3FY24.
  • Consolidated Net Revenue from operations for 9MFY25 is Rs 4039.74 crores;· a growth of 15.0% over the revenue recorded in 9MFY24 (Rs 3513.90 crore).
  • Consolidated Profit After Tax for 9MFY25 is Rs 222.58 crore, a growth of 22.7% as against Rs 181.41 crore in 9MFY24.

Mithun. K. Chittilappilly, Managing Director, V-Guard Industries, said: "Topline for the third quarter grew 8.9% YoY with strong performance by the electronics segment. Demand for wires was impacted by commodity fluctuations, thereby impacting overall growth for the electricals segment. Non-south regions continue to perform well with topline growing ~ 16% for the quarter. Higher A&P spends during the quarter especially in Sun/lame had some impact on the bottomline. Margins remain healthy and we look forward to the upcoming summer season with the expectation to deliver robust performance"

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Electrical Equipment & Products company V-Guard Industries announced H1FY25 & Q2FY25 results

  • Consolidated Net Revenue from operations for Q2FY25 is Rs 1,293.99 crore; a growth of 14.1% over the revenue recorded in corresponding period of the previous year (Rs 1,133.75 crore).
  • Consolidated Profit After Tax for the quarter is Rs 63.39 crore, a growth of 7.5% as against Rs 58.95 crore recorded in corresponding period of the previous year.
  • Consolidated Net Revenue from operations for H1FY24 is Rs 2,771.09 crore; a growth of 18.0% over the revenue recorded in corresponding period of the previous year (Rs 2,348.51 crore).
  • Consolidated Profit After Tax for H1FY25 is Rs 162.36 crore, a growth of 31.8% as against Rs 123.17 crore in corresponding period of the previous year.

Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said: "The business has delivered healthy topline growth during the quarter led by electronics segment. Gross margins continue to improve aided by higher share of in-house manufacturing, cost saving initiatives and gradual shift towards a premium portfolio. Margins for wires, which is the largest category in electricals segment,· was impacted during the quarter due to volatile copper prices. We expect to continue the momentum and deliver a strong performance in second half of the year."

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Electrical Equipment company V-Guard Industries announced Q1FY25 results:

  • Consolidated Net Revenue from operations for the quarter ended June 30, 2024 is Rs 1,477.10 crore; a growth of 21.6 % over the revenue recorded in corresponding period of the previous year (Rs 1,214.76 crore).
  • Consolidated Profit After Tax for the quarter is Rs 98.97 crore, a growth of 54.1 % as against Rs 64.22 crore recorded in corresponding period of the previous year.

Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said "The business has delivered strong topline growths in electronics and consumer durables segments led by strong demand for summer products. Wires which is the largest category under the electricals segment was impacted by trade de-stocking due to the softening of copper prices in June. Overall, we witnessed a good performance by all our regions, with the contribution from non-South markets to total revenue exceeding 50% during the quarter.

Gross margins continue to improve with benefit of softening commodity prices and various pricing and cost effectiveness initiatives flowing through. We continue to deliver robust cash flows through effective management of working capital.

The year has started well and we are optimistic about delivering a good performance in coming quarters"

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Electrical Equipment & Products company V-Guard Industries announced Q4FY24 results:

  • Consolidated Net Revenue from operations for Q4FY24 is Rs 1,342.77 crore; a growth of 17.9% over the revenue recorded in corresponding period of the previous year (Rs 1,139.22 crore).
  • Consolidated Profit After Tax for the quarter is Rs 76.17 crore, a growth of 44.5% as against Rs 52.72 crore recorded in corresponding period of the previous year.
  • Consolidated Net Revenue from operations for Q4FY24 is Rs 4,856.67 crore; a growth of 17.7% over the revenue recorded in corresponding period of the previous year (Rs. 4,127.19 crore).
  • Consolidated Profit After Tax for the year ended March 31, 2024 is Rs 257.58 crore, a growth of 36.2% as against Rs 189.05 crore in corresponding period of the previous year.

Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said "The fourth quarter witnessed a good start to the summer season · with revival in demand. Electronics and consumer durables segments delivered strong growths. Sunflame also delivered robust growth for the quarter, leveraging on various strategic initiatives implemented over the last year.

Margins continue to improve. The battery and kitchen appliances factories which recently commenced commercial production are expected to deliver benefits during the coming year."

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Electrical Equipment/Products company V-Guard Industries announced Q3FY24 & 9MFY24 results:

  • Consolidated Net Revenue from operations for Q3FY24 is Rs 1,165.39 crore; a growth of 18.6% over the revenue recorded in the corresponding period of the previous year (Rs 982.28 crore).
  • Consolidated Profit After Tax for Q3FY24 is Rs 58.24 crore, a growth of 48.3% against Rs 39.28 crore recorded in the corresponding period of the previous year.
  • Consolidated Net Revenue from operations for 9MFY24 is Rs 3,513.90 crore; a growth of 17.6% over the revenue recorded in the corresponding period of the previous year (Rs 2,987.97 crore).
  • Consolidated Profit After Tax for 9MFY24 is Rs 181.41 crore, a growth of 33.1% against Rs 136.32 crore in the corresponding period of the previous year.

Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries said, "While consumer demand for categories like consumer durables remained soft for most of the quarter, we saw some revival towards the end. We are also seeing good traction in the electronics segment which continues to deliver good topline growth. With the upcoming summer season and indications of demand revival, we expect to deliver strong topline growth in the coming quarter."

 

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Other electrical equipment/products company V-Guard Industries announced consolidated Q1FY24 results:

  • Net revenue from operations for Q1FY24 is Rs 1,214.76 crore, a growth of 19.3% over the revenue recorded in Q1FY23 of Rs 1,018.29 crore.
  • Profit after tax for Q1FY24 is Rs 64.22 crore, a growth of 20.3% as against Rs 53.37 crore recorded in Q1FY23.

Commenting on the company's performance, Mithun. K. Chittilappilly, Managing Director, V-Guard Industries, said, "The business has delivered a strong topline growth in Q1. The growth has been broad-based across all three segments. While the North region was somewhat impacted by unfavourable weather conditions, the other regions returned a strong performance. The impact of softening in commodity prices has started reflecting in gross margins with gradual improvement over the last few quarters. We expect further improvement to reflect in coming quarters. Inventory levels have come back to normal and this has helped generate a strong cash flow. We look forward to the upcoming festive season and are hopeful to sustain the growth momentum during the quarters ahead."

 

 

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