V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q4 FY26 Earnings Presentation
18 slides from V-guard Industries's earnings presentation, May 12, 2026
Slide 1: V-Guard Industries Q4 FY26 Earnings Presentation
V-Guard Industries Q4 FY26 Earnings Presentation
Slide 2: Disclaimer
2 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 3: Table of Contents
3 Table of Contents MD’s Message 04 Key Highlights 05 Financial Highlights 06-10 Segment-wise/Geographical Breakup of Revenues 11-13 Annexure 14-16
Slide 4: Managing Director's Message
4 Managing Director’s Commenting on the performance for Q4 FY26, Mr. Mithun Chittilappilly, Managing Director – V-Guard Message Industries Limited said, “During the fourth quarter, we have delivered a robust business performance, with growth in both revenues and profitability. Consolidated revenues
Slide 5: Key Highlights – Q4 FY26
Key Highlights – Q4 FY26 5 • Q4 FY26 revenue increased by 14.1% YoY to Rs. 1,755.27 crore Revenue increased by • South markets witnessed a YoY growth of 16.2% whereas Non-South markets grew by 11.8% in Q4 FY26 14.1% YoY in Q4 FY26 • Non-South markets contributed to 46.3% of total revenues in Q4 FY26
Slide 6: P&L Snapshot (including Sunflame)
6 P&L Snapshot (including Sunflame) P&L Statement Q4 FY26 Q4 FY25 Change Q3 FY26 FY26 FY25 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue (NR) 1,755.27 1,538.08 14.1% 1,403.51 5,965.78 5,577.82 7.0% COGS 1,135.68 991.77 14.5% 899.21 3,797.40 3,555.75 6.8% Gross Margi
Slide 7: P&L Snapshot (excluding Sunflame)
7 P&L Snapshot (excluding Sunflame) P&L Statement Q4 FY26 Q4 FY25 Change Q3 FY26 FY26 FY25 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue (NR) 1,695.79 1,482.76 14.4% 1,332.03 5,716.17 5,323.44 7.4% COGS 1,100.39 958.24 14.8% 856.17 3,648.88 3,396.51 7.4% Gross Margi
Slide 8: Financial Highlights (Q4 FY26 vs. Q4 FY25)
8 Financial Highlights (Q4 FY26 vs. Q4 FY25) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 1,755 1,538 620 Key ratios (%) Q4 FY26 Q4 FY25 546 Gross Margin 35.3% 35.5% 14.1% 13.4% EBITDA Margin (excl. other income) 9.7% 9.3% Profit after Tax Margin 6.4% 5.9% Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Ad & Pr
Slide 9: Financial Highlights (FY26 vs. FY25)
9 Financial Highlights (FY26 vs. FY25) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 5,966 2,168 5,578 2,022 Key ratios (%) FY26 FY25 Gross Margin 36.3% 36.3% 7.0% 7.2% EBITDA Margin (excl. other income) 8.8% 9.2% Profit after Tax Margin 5.2% 5.6% FY25 FY26 FY25 FY26 Ad & Promotion Exp./ Net Reve
Slide 10: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 10 Balance Sheet Snapshot (Rs. Cr) 31 March 2026 31 December 2025 31 March 2025 Net Worth 2,373.05 2,253.50 2,097.83 Gross Debt 8.84 8.32 10.81 Current Investments 180.70 211.10 10.14 Cash & Cash Equivalents (inc. bank balance) 59.30 90.90 64.50 Net C
Slide 11: Segment-wise Breakup – Q4 FY26 vs. Q4 FY25
11 Segment-wise Breakup – Q4 FY26 vs. Q4 FY25 Q4 FY26 Q4 FY25 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 498.27 28.4% 407.53 26.5% 22.3% Electricals 771.78 44.0% 666.08 43.3% 15.9% Consumer Durables 426.11 24.3% 409.15 26.6% 4.1% Sunflame 60.10 3.4
Slide 12: Segment-wise Breakup – FY26 vs. FY25
12 Segment-wise Breakup – FY26 vs. FY25 FY26 FY25 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 1,639.58 27.5% 1,509.63 27.0% 8.6% Electricals 2,461.08 41.2% 2,169.94 38.9% 13.4% Consumer Durables 1,615.88 27.1% 1,643.87 29.5% -1.7% Sunflame 250.23 4.
Slide 13: Geographical Breakup of Revenues
13 Geographical Breakup of Revenues Q4 FY26 Q4 FY25 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 941.72 53.7% 810.58 52.7% 16.2% Non-South 813.55 46.3% 727.50 47.3% 11.8% Total Revenue 1,755.27 100% 1,538.08 100% 14.1% FY26 FY25 YoY growth Region Contribution (%) C
Slide 14: UARD
4] 14 ee | 000 6 VG a UARD A |) &
Slide 15: Market Overview of V-Guard's Product Portfolio
15 Market Overview of V-Guard’s Product Portfolio Total Market Size Indicative Org. Industry Growth VG Share in Electronics Product Other Key Players (Rs. Crs.) Market Size (%) Rate (%) Org. Market (%) Microtek, Everest, Stabilizers 1,600-2,000 65-70% 4-6% 40-45% Premier Exide, Luminous, DUPS & Batt
Slide 16: Market Overview of V-Guard's Product Portfolio
16 Market Overview of V-Guard’s Product Portfolio Total Market Size Indicative Org. Industry Growth VG Share in Appliances Product Other Key Players (Rs. Crs.) Market Size (%) Rate (%) Org. Market (%) Water Heaters 3,000-4,000 80-85% 8-10% 14-16% Bajaj, Havells, Crompton, Racold Electric Fans 12,000
Slide 17: About V-Guard Industries
17 About V-Guard Industries V-Guard Industries Limited (BSE:532953, NSE: VGUARD) is a Kochi based company, founded in 1977 by Kochouseph Chittilappilly to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a m
Slide 18: Thank You
THANK YOU