| Revenue guidance | 15.0% → 16.0% Raised by 1.0 percentage points |
|---|---|
| Management target | Revenue 15.0% FY27 |
| Revenue growth | 23.5% YoY growth reaching 1,810 crore. |
|---|---|
| Margins | Healthy gross margins at 36.9%; EBITDA margin 10.5%. |
| Demand visibility | Strong summer demand in South; mixed trends in North. |
| Management confidence | Confident, 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)
Earnings Call Transcript filed with NSE, NSE: VGUARD. Summary written with AI assistance from the document.
V-Guard Industries Ltd: key numbers
- Share price
- ₹306.30
- Market cap
- ₹13,383 Cr
- Revenue (annual)
- ₹5,966 Cr
- Net profit (annual)
- ₹308.3 Cr
- P/E (TTM)
- 36.7×Sector 45.6×
- 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 →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.
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
V-Guard Industries Capital Structure Change
ICICI Prudential Mutual Fund reduced its stake in V-Guard Industries Ltd by 2.11% through open market sales. The Fund's holding decreased from 7.04% to 4.93%.
V-Guard Industries Annual General Meeting
V-Guard Industries held its 30th Annual General Meeting on August 11, 2026. Shareholders transacted ordinary and special business items, including director appointments and dividend declarations.
V-Guard Industries Other Announcement
CRISIL has assigned V-Guard Industries an improved ESG rating of 68 for FY2026. The company remains in the 'Strong' category based on CRISIL's independent assessment.
V-Guard Industries Investor Presentation: Key Takeaways
V-Guard delivered strong Q1 FY27 results with 23.5% YoY revenue growth and 76.4% PAT growth, driven by a supportive summer season and robust segment performance.