| Management target | Revenue 15.0% H2 FY27 |
|---|
| Revenue growth | ₹1,853 Cr, up 17.2% YoY; Electronics led with 60% growth. |
|---|---|
| Margins | Gross margin dipped to 34.3% due to pricing lag and costs. |
| Demand visibility | Strong southern summer demand; festive season outlook remains healthy. |
| Management confidence | Balanced; optimistic on volume but cautious on input cost volatility. |
Growth
Consolidated revenue grew 17.2% YoY, led by 60% growth in Electronics and 41% in Electricals.
Outlook
Targeting 15% volume growth in H2 FY27 and ₹150 Cr total annual capex.
Risks
Pricing transmission lag of 3-4% and rising raw material volatility threaten near-term gross margins.
Last quarter's promises, checked
Delivered
- Guided FY27 growth >15% → Q revenue +17.2% YoY (= BEAT)
Partly delivered
- Guided EBITDA margin 9-10% → 9.1% (= PARTIAL, floor of range)
- Guided capex ₹150-170 Cr/yr → ₹150 Cr planned (= PARTIAL, spend unverified)
- Guided lighting launch in FY27 → still 'testing' (= PARTIAL)
Missed
- Guided gross margin held at 36.9% → 34.3% (= MISS)
- Guided no more price hikes needed → still 3-4% behind full cost pass-through (= MISS)
Earnings Call Transcript filed with NSE, NSE: VGUARD. Summary written with AI assistance from the document.
V-Guard Industries Ltd: key numbers
- Share price
- ₹280.20
- Market cap
- ₹12,247 Cr
- Revenue (annual)
- ₹5,966 Cr
- Net profit (annual)
- ₹308.3 Cr
- P/E (TTM)
- 29.8×Sector 40.5×
- Promoter holding
- 53.21%-0.01% QoQ
- FII holding
- 13.02%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 →V-Guard Industries Investor Presentation: Key Takeaways
V-Guard delivered robust Q2 FY27 performance with consolidated revenue growing 38.2% YoY to ₹1,852.89 Cr and PAT rising 71% to ₹111.67 Cr, driven by strong growth across all business segments.
V-Guard Industries Management Change
V-Guard Industries appointed Mr Kurian Puthenpurayil John as Non-Executive Independent Director. He is a chartered accountant with corporate governance and investment experience.
V-Guard Industries Q2 FY27 Results: Net Profit ₹111.7 Cr, Up 71.1% YoY
V-Guard Industries Ltd reported revenue from operations of ₹1,853 Cr (+38.2% YoY) and net profit of ₹111.7 Cr (+71.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹111.7 Cr · +71.1% YoY
V-Guard Industries Employee Stock Options
V-Guard's committee approved a grant of 16,747 ESOS 2013 options on October 28, 2026. Options vest over up to four years, with a ₹1 exercise price.
V-Guard Industries Other Announcement
V-Guard Industries Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with regulatory disclosure requirements.
V-Guard Industries Board Meeting Date
V-Guard Industries scheduled its Board meeting for 29 Oct 2026 to approve Q1 and H1 FY27 unaudited results. No financial figures or transaction details are disclosed in this advance notice.