Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

V-Guard Industries Earnings Call Transcript: Key Takeaways

V-Guard delivered a strong Q1 FY27 with 23.5% revenue growth, primarily driven by a favorable summer and robust performance across all segments including electronics and electricals.

Guidance and delivery
Revenue guidance 15.0% → 16.0% Raised by 1.0 percentage points
Management target Revenue 15.0% FY27
Highlights
Revenue growth23.5% YoY growth reaching 1,810 crore.
MarginsHealthy gross margins at 36.9%; EBITDA margin 10.5%.
Demand visibilityStrong summer demand in South; mixed trends in North.
Management confidenceConfident, highlighting structural improvements and resilient business model.

Growth

Growth was balanced but price-led (14%) over volume (9%), with exceptional performance in the South market due to weather.

Outlook

Management raised FY27 revenue growth guidance to above 15% while maintaining a 9-10% EBITDA margin target.

Risks

Commodity price volatility and increased competitive intensity in the wires segment remain primary concerns.

Last quarter's promises, checked

Delivered

  • Guided 10-12% volume growth → delivered 9% (= MISS)
  • Guided 15% revenue growth → delivered 23.5% (= BEAT)
  • Guided 10% EBITDA margin → delivered 10.5% (= BEAT)

Partly delivered

  • Guided 1-2% price growth → delivered 14% (= PARTIAL, pricing power high but volume-mix shifted)
Source

Earnings Call Transcript filed with NSE, NSE: VGUARD. Summary written with AI assistance from the document.

Read the document ↗

V-Guard Industries Ltd: key numbers

Share price
₹304.35
Market cap
₹13,298 Cr
Revenue (annual)
₹5,966 Cr
Net profit (annual)
₹308.3 Cr
P/E (TTM)
36.5×Sector 45.9×
Promoter holding
53.22%-0.01% QoQ
FII holding
12.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from V-Guard Industries Ltd

All →
18:32 IST NSE
Management Change

V-Guard Industries Management Change

V-Guard Industries announced Ms. Radha Unni's retirement as Independent Director and Chairperson. Managing Director Mr. Mithun K Chittilappilly will assume the position of Board Chairperson.

16:07 IST BSE
Other Announcement

V-Guard Industries Other Announcement

Deepak Augustine, an employee of V-Guard Industries, sold 3,000 equity shares worth Rs. 10.41 lakh in a market sale transaction.

Value
₹0.10 Cr