The V-Guard Industries LTD recorded a slight decline of 0.7 percent year-on-year in the Consolidated Net Revenue for the quarter ended June 30, 2025, which was ₹ 1,466.08 crore. The consolidated net profit for the quarter was ₹ 73.85 crore, compared to ₹ 98.97 crore in the same period last year.
In Q1 FY26, V-Guard’s net revenue was ₹ 1,466.08 crore, which is a slight decline of 0.7 percent in Q1 FY25 as compared to ₹ 1,477.10 crore. The gross margin increased a slight increase of 20 BPS on an annual basis, which increased from 36.7 percent to 36.9 percent in Q1 FY26. However, Ebitda (except for other income) declined by 20.7 percent and was ₹ 123.59 crore in Q1 FY26, compared to ₹ 155.77 crore in Q1 FY25. Net Profit (PAT) also saw a decline of 25.4 percent, which was ₹ 73.85 crore in Q1 FY26, compared to ₹ 98.97 crore in the same period last year.
The revenue of the electronics segment increased by 4.5 percent to ₹ 536.29 crore in Q1 FY26, which is 36.6 percent of the total revenue. The electrical segment also increased, with an increase of 7.6 percent to a revenue of ₹ 524.70 crore, which contributes 35.8 percent. However, the Consumer Durables segment saw a decline of 16.3 percent, with the revenue declined to ₹ 349.58 crore, which contributes 23.8 percent. The revenue of Sunflame also declined by 5.4 percent to ₹ 55.51 crore, which is 3.8 percent of the total revenue.
The south markets saw a decline of 3.3 percent, which was a revenue of ₹ 673.03 crore, which is 47.7 percent of the total revenue. In contrast, non-south markets increased by 2.1 percent, which was a revenue of ₹ 737.54 crore, which is 52.3 percent of the total revenue. This reflects changes in revenue contribution, in which non-south markets are now giving more share than Q1 FY25.
By June 30, 2025, the Net Worth of the V-Guard was ₹ 2,182.20 crore, while it was ₹ 2,097.83 crore by 31 March 2025 and ₹ 1,920.49 crore by 30 June 2024. The Net Cash position of the company was ₹ 155.32 crore by 30 June 2025, while by 31 March 2025 it was ₹ 63.83 crore and ₹ 136.48 crore by 30 June 2024. By June 30, 2025, fixed assets were ₹ 1,182.56 crore.
V-Guard Industries LTD managing director Mr. Mithun Chittalappilli commented on the performance of Q1 FY26, saying that the topline growth was slow due to weak summer season and last year’s high base. He mentioned that the company has initiated action to merge Sunflame functions with V-Guard to rapidly track the coordination benefits. Efforts are also being made to stabilize new-commercial facilities and increase in-house manufacturing. The company hopes that the demand in the coming quarters will be normal and the brand will continue to invest in manufacturing and capacity growth.