V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q1 FY26 Earnings Presentation
17 slides from V-guard Industries's earnings presentation, Jul 29, 2025
Slide 1: Exchange submission cover letter
July 29, 2025 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 Co
Slide 2: V-Guard Industries Q1 FY26 Earnings Presentation
V-Guard Industries Q1 FY26 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 06-09 Segment-wise/Geographical Breakup of Revenues 10-11 Annexure 12-16
Slide 5: Managing Director's Message
4 Managing Director’s Message Commenting on the performance for Q1 FY26, Mr. Mithun Chittilappilly, Managing Director – V-Guard Industries Limited said, “Topline growth for the first quarter of FY26 was subdued due to a weak summer season and last year's high base. Consolidated Net Revenue from oper
Slide 6: Key Highlights – Q1 FY26
Key Highlights – Q1 FY26 5 • Q1 FY26 revenue declined by 0.7% YoY on a high base to Rs. 1466.08 crore Revenue declined by • South markets witnessed a YoY degrowth of 3.3% whereas Non-South markets grew by 2.1% in Q1 FY26 0.7% YoY in Q1 FY26 • Non-South markets contributed to 52.3% of total revenues
Slide 7: P&L Snapshot (including Sunflame)
6 P&L Snapshot (including Sunflame) P&L Statement Q1 FY26 Q1 FY25 Change Q4 FY25 FY25 FY24 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue (NR) 1,466.08 1,477.10 -0.7% 1,538.08 5,577.82 4,856.67 14.8% COGS 925.41 934.78 -1.0% 991.77 3,555.75 3,212.96 10.7% Gross Margi
Slide 8: P&L Snapshot (excluding Sunflame)
7 P&L Snapshot (excluding Sunflame) P&L Statement Q1 FY26 Q1 FY25 Change Q4 FY25 FY25 FY24 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue (NR) 1,410.57 1,418.44 -0.6% 1,482.76 5,323.44 4,582.55 16.2% COGS 892.42 899.01 -0.7% 958.24 3,396.51 3,043.02 11.6% Gross Margi
Slide 9: Financial Highlights (Q1 FY26 vs. Q1 FY25)
8 Financial Highlights (Q1 FY26 vs. Q1 FY25) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 542 541 1,477 1,466 Key ratios (%) Q1 FY26 Q1 FY25 Gross Margin 36.9% 36.7% -0.7% -0.3% EBITDA Margin (excl. other income) 8.4% 10.5% Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Profit after Tax % 5.0% 6.7% Ad & Promot
Slide 10: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 9 Balance Sheet Snapshot (Rs. Cr) 30 June 2025 31 March 2025 30 June 2024 Net Worth 2,182.20 2,097.83 1,920.49 Gross Debt 10.59 10.81 217.32 Current Investments 60.26 10.14 272.25 Cash & Cash Equivalents (inc. bank balance) 105.65 64.50 81.55 Net Cash
Slide 11: Segment-wise Breakup – Q1 FY26 vs. Q1 FY25
10 Segment-wise Breakup – Q1 FY26 vs. Q1 FY25 Q1 FY26 Q1 FY25 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 536.29 36.6% 513.12 34.7% 4.5% Electricals 524.70 35.8% 487.70 33.0% 7.6% Consumer Durables 349.58 23.8% 417.62 28.3% -16.3% Sunflame 55.51 3.8
Slide 12: Geographical Breakup of Revenues
11 Geographical Breakup of Revenues Q1 FY26 Q1 FY25 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 673.03 47.7% 696.18 49.1% -3.3% Non-South 737.54 52.3% 722.26 50.9% 2.1% Total (excl. Sunflame) 1410.57 100.0% 1,418.44 100.0% -0.6% Sunflame 55.51 58.66 -5.4% Total Re
Slide 13: Annexure
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Slide 14: Market Overview of V-Guard's Product Portfolio
13 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 15: Market Overview of V-Guard's Product Portfolio
14 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 16: About V-Guard Industries
15 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 17: Thank You
THANK YOU