V-Guard Industries announced a strong performance for the second quarter of FY27, with consolidated net revenue from operations reaching INR1,853 crore, marking a significant year-on-year increase of 38.2%. The company also reported a 71% YoY growth in Profit After Tax (PAT), reaching INR112 crore. This robust growth was driven by strong performance across all business segments, including Electronics, Electricals, and Consumer Durables, supported by volume expansion and focused execution.
Strong Q2 FY27 Performance
V-Guard Industries Limited has posted a robust financial performance for the second quarter of FY27, ending September 30, 2026. The company reported consolidated net revenue from operations of INR1,853 crore, an impressive increase of 38.2% compared to the same quarter last year. For the half-year ended September 30, 2026, consolidated net revenue stood at INR3,664 crore, up by 30.5% YoY.
Profitability and Segmental Growth
Profit After Tax (PAT) for the quarter saw a substantial jump of 71% year-on-year, reaching INR112 crore, compared to INR65 crore in the previous year. EBITDA (excluding other income) for Q2 FY27 grew by 53.7% YoY to INR168 crore, with an EBITDA margin of 9.1%, an improvement from 8.1% in the corresponding quarter last year. The company attributed this strong performance to broad-based growth across all business segments, driven by volume expansion, effective brand strategy, and supportive market conditions.
Key Segmental Highlights
- Electronics Segment: Reported a strong revenue growth of 60% YoY in Q2, with significant contributions from Solar Power Products, Digital Inverters, and Batteries.
- Electricals Segment: This largest revenue contributor, including Wires, Pumps, Switches, and Switchgears, grew by 41.2% YoY. Growth in Wires was primarily price-driven, while Pumps, Switches, and Switchgears showed healthy volume growth.
- Consumer Durables Segment: Covering Ceiling Fans, Water Heaters, Kitchen Appliances, and Air Coolers, this segment registered a revenue growth of 20% YoY. Sunflame, a part of this segment, also showed a revenue growth of 20.5% YoY.
Margin and Outlook
Gross margin stood at 34.3% in Q2, a slight moderation from 37.6% last year, primarily due to higher input costs and changes in product mix. However, the company is actively monitoring input costs and taking pricing actions to protect margins. V-Guard Industries remains optimistic about delivering healthy growth in the upcoming quarters, despite monitoring the geopolitical situation.
Source: BSE
