| Revenue growth | 38.2% YoY for Q2 FY27. |
|---|---|
| Margins | EBITDA margin improved to 9.1% (vs 8.1% YoY) despite gross margin pressure. |
| Demand visibility | Strong growth across Electronics, Electricals, and Consumer Durables segments. |
| Management confidence | High; citing business resilience and supportive market conditions. |
Growth
Revenue grew 38.2% and PAT 71% YoY in Q2. H1 FY27 revenue up 30.5%; PAT up 73.9%.
Outlook
Management expects margin recovery through pricing actions, cost optimization, and increased in-house manufacturing; hopeful for healthy upcoming growth.
Risks
Gross margins moderated by 325 bps YoY to 34.3% due to input cost inflation and product mix shifts.
Last quarter's promises, checked
Delivered
- Revenue growth guided >15% → delivered 38.2% (= BEAT)
- Maintain EBITDA margin 9%-10% → delivered 9.1% (= BEAT)
- Sunflame pricing transmission in Q2 → delivered EBITDA margin improvement (= BEAT)
Partly delivered
- Hold gross margin levels → delivered 34.3% vs 36.9% previous (partial due to mix shift) (= PARTIAL)
Investor Presentation filed with NSE, NSE: VGUARD. Summary written with AI assistance from the document.
V-Guard Industries Ltd: key numbers
- Share price
- ₹284.85
- Market cap
- ₹12,446 Cr
- Revenue (annual)
- ₹5,966 Cr
- Net profit (annual)
- ₹308.3 Cr
- P/E (TTM)
- 30.3×Sector 41.2×
- 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 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.
V-Guard Industries Promoter Selling: ₹17.14 Cr
Promoter and Promoter Group of V-Guard Industries Ltd sold 569,302 shares in the open market for an aggregate consideration of Rs. 17.14 Crore.
- Value
- ₹17.14 Cr
- Promoter stake change
- -0.14%