V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q4 FY24 Earnings Presentation
19 slides from V-guard Industries's earnings presentation, May 16, 2024
Slide 1: Exchange filing cover letter for investor presentation
May 16, 2024 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai- 400 001 Bandra-East, Mumbai- 400 051 Scrip Cod
Slide 2: V-Guard Industries Q4 FY24 Earnings Presentation
V-Guard Industries Q4 FY24 Earnings Presentation
Slide 3: 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 4: 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 5: Managing Director's Message
4 Managing Director’s Commenting on the performance for Q4 FY24, Mr. Mithun Chittilappilly, Managing Director – V-Guard Message Industries Limited said, “The fourth quarter witnessed a good start to the summer season with revival in demand. As a result, we reported consolidated Net revenues of Rs. 1
Slide 6: Key Highlights – Q4 FY24
Key Highlights – Q4 FY24 5 • Q4 FY24 revenue increased by 17.9% YoY to Rs. 1,342.77 crore Revenue increased by • South markets witnessed a YoY growth of 18.6% whereas Non-South markets grew by 15.8% in Q4 FY24 17.9% YoY in Q4 FY24 • Non-South markets contributed to 45.1% of total revenues in Q4 FY24
Slide 7: P&L Snapshot (including Sunflame)
6 P&L Snapshot (including Sunflame) P&L Statement Q4 FY24 Q4 FY23 Change Q3 FY24 FY24 FY23 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue 1,342.77 1,139.22 17.9% 1,165.39 4,856.67 4,127.19 17.7% COGS 882.61 783.53 12.6% 770.59 3,224.03 2,884.80 11.8% Gross Margin 34.
Slide 8: P&L Snapshot (excluding Sunflame)
7 P&L Snapshot (excluding Sunflame) P&L Statement Q4 FY24 Q4 FY23 Change Q3 FY24 FY24 FY23 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue 1,269.79 1,082.32 17.3% 1,089.12 4,582.55 4,070.29 12.6% COGS 841.92 748.46 12.5% 722.31 3,054.09 2,849.73 7.2% Gross Margin 33.7
Slide 9: Financial Highlights (Q4 FY24 vs. Q4 FY23)
8 Financial Highlights (Q4 FY24 vs. Q4 FY23) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 1,343 1,139 460 356 Key ratios (%) Q4 FY24 Q4 FY23 Gross Margin 34.3% 31.2% 17.9% 29.4% EBITDA Margin (excl. other income) 9.5% 8.5% Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Net Margin 5.7% 4.6% Ad & Promotion Exp./
Slide 10: Financial Highlights (FY24 vs. FY23)
9 Financial Highlights (FY24 vs. FY23) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 4,857 1,633 4,127 1,242 Key ratios (%) FY24 FY23 Gross Margin 33.6% 30.1% 17.7% 31.4% EBITDA Margin (excl other income) 8.8% 7.8% Net Margin 5.3% 4.6% FY23 FY24 FY23 FY24 Ad & Promotion Exp./ Net Revenue 2.6% 2.2
Slide 11: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 10 Balance Sheet Snapshot (Rs. Cr) 31 March 2024 31 December 2023 31 March 2023 Net Worth 1,814.22 1,737.16 1,607.62 Gross Debt 291.03 290.03 419.61 Current Investments 30.17 40.16 0.12 Cash & Cash Equivalents (inc. bank balance) 57.37 104.76 66.87 Ne
Slide 12: Segment-wise Breakup – Q4 FY24 vs. Q4 FY23
11 Segment-wise Breakup – Q4 FY24 vs. Q4 FY23 Q4 FY24 Q4 FY23 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 322.76 24.0% 271.53 23.8% 18.9% Electricals 581.37 43.3% 524.97 46.1% 10.7% Consumer Durables 365.66 27.2% 285.82 25.1% 27.9% Sunflame 72.98 5.
Slide 13: Segment-wise Breakup – FY24 vs. FY23
12 Segment-wise Breakup – FY24 vs. FY23 FY24 FY23 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 1,165.20 24.0% 994.30 24.1% 17.2% Electricals 1,973.07 40.6% 1,799.38 43.6% 9.7% Consumer Durables 1,444.28 29.7% 1,276.61 30.9% 13.1% Sunflame 274.12 5.7%
Slide 14: Geographical Breakup of Revenues
13 Geographical Breakup of Revenues Q4 FY24 Q4 FY23 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 696.70 54.9% 587.34 54.3% 18.6% Non-South 573.09 45.1% 494.98 45.7% 15.8% Total (excl. Sunflame) 1,269.79 100.0% 1,082.32 100.0% 17.3% Sunflame 72.98 56.90 28.3% Total
Slide 15: UARD
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Slide 16: 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 17: 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 18: 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 Chittilapilly to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a mu
Slide 19: Thank You
THANK YOU