V-Guard Industries reported a robust 23.5% year-on-year revenue growth in the first quarter of FY27, reaching INR 1,810 crore. This strong performance was driven by double-digit growth across all business segments, boosted by a favorable summer season. Profit after tax (PAT) surged by 76% YoY to INR 130 crore, with EBITDA growing 54.5% to INR 191 crore.
Strong Q1 FY27 Performance Reported
V-Guard Industries commenced FY27 with a strong financial performance in the first quarter, marked by double-digit growth across all its business segments. The company announced its unaudited financial results for the quarter ended June 30, 2026, showcasing significant top-line and bottom-line expansion.
Revenue and Profit Growth
Consolidated revenue for Q1 FY27 stood at INR 1,810 crore, representing a substantial year-on-year growth of 23.5%. This growth was attributed to a more favorable summer season compared to the previous year. Despite supply chain disruptions and commodity cost pressures, the company maintained healthy gross margins through proactive pricing and disciplined cost management.
EBITDA, excluding other income, grew by 54.5% year-on-year to INR 191 crore, with an EBITDA margin of 10.5% compared to 8.4% in Q1 FY26. Consolidated Profit After Tax (PAT) saw a remarkable surge of 76% year-on-year, reaching INR 130 crore, up from INR 74 crore in Q1 FY26.
Segmental Performance
The Electronics segment, which includes stabilizers, UPS systems, and solar power systems, reported strong growth of 22.8% year-on-year. The Electricals segment registered a revenue growth of 27.7% year-on-year, driven by higher copper prices and robust volume growth in switchgear, modern switches, and pumps. The Consumer Durables segment, encompassing fans, water heaters, kitchen appliances, and air coolers, achieved a revenue growth of 19.2% year-on-year, with a notable spike in induction cooktops.
Geographical and Operational Highlights
Geographically, the South market grew by 36.7% year-on-year, while the non-South markets grew by 12%. The gross margin remained healthy at 36.9%, reflecting the company’s ability to manage input costs effectively. Cash flow was strong, with a net cash position at INR 670 crore.
The company also noted that approximately 75-80% of pricing actions have been completed to pass through commodity cost inflation. Looking ahead, V-Guard Industries is focused on disciplined working capital management and will continue to monitor the geopolitical situation to protect supplies and margins. The company anticipates sustained growth momentum in the upcoming quarters.
Source: BSE
