V-Guard Reports 14.1% Revenue Growth in Q4 FY26; PAT Rises 23%
V-Guard Industries Limited, a prominent Consumer Electricals and Electronics Company, has announced its audited financial results for the quarter and financial year ended March 31, 2026. The results highlight robust performance in the last quarter, with the company’s consolidated net revenue from operations growing by 14.1%.Q4 FY2025-26 Performance Highlights
For the quarter ended March 31, 2026, the company reported consolidated net revenue from operations of Rs. 1755.27 crs. This represents a growth of 14.1% compared to the Rs. 1538.08 crs recorded in the corresponding period of the previous year.Consolidated Profit After Tax (PAT) for the quarter reached Rs. 112.13 crs, marking a 23.0% increase from Rs. 91.13 crs recorded the previous year.
The full year ended March 31, 2026, showed consolidated net revenue from operations of Rs. 5965.78 crs, a 7.0% increase over the previous year's Rs. 5577.82 crs. However, the consolidated PAT for the year was Rs. 308.33 crs, showing a slight decline of 1.7% compared to Rs. 313.72 crs the year before, primarily attributed to a one-time Labour Code impact. The underlying PAT for the full year grew by 3.6%.
Operational and Business Outlook
Commenting on the results, Mr. Mithun K. Chittilappilly, Managing Director of V-Guard Industries Ltd., noted that the business delivered a strong performance during the last quarter. He attributed this robust performance mainly to the electronics and electrical segments.The MD acknowledged that the West Asia situation presented significant operational uncertainties and commodity price inflation challenges. He stated that the company successfully navigated these difficulties, which reflects the inherent resilience of the business. Looking ahead, he emphasized that the management continues to monitor the evolving situation closely and remains hopeful of a strong start to FY27, given indications of a supportive summer.
Financial Deep Dive: Quarterly Analysis (Q4 FY26 vs Q4 FY25)
The company's financial performance during the fourth quarter saw significant growth across key metrics. The following table summarizes the quarter's key Profit & Loss details:| Particulars | Q4 FY26 | Q4 FY25 | Change |
|---|---|---|---|
| Net revenue (NR) | 1755.27 | 1538.08 | 14.1% |
| Gross margin | 35.3% | 35.5% | - |
| EBITDA excluding other income | 170.72 | 143.05 | 19.3% |
| Other income | 7.62 | 4.50 | 69.3% |
| EBITDA after other income | 178.34 | 147.55 | 20.9% |
| PBT | 147.23 | 118.22 | 24.5% |
| PAT | 112.13 | 91.13 | 23.0% |
Regional and Segment Performance
The company's revenue contribution across geographical regions and product segments also showed distinct growth patterns.Revenue by Region (Q4 FY26 vs Q4 FY25)
| Region | Q4 FY26 | Contribution (%) | Q4 FY25 | Contribution (%) | YoY growth |
|---|---|---|---|---|---|
| South | 941.72 | 53.7% | 810.58 | 52.7% | 16.2% |
| Non-south | 813.55 | 46.3% | 727.5 | 47.3% | 11.8% |
| Total revenue | 1755.27 | 100% | 1538.08 | 100% | 14.1% |
Revenue by Segment (Q4 FY26 vs Q4 FY25)
| Products | Q4 FY26 | Contribution (%) | Q4 FY25 | Contribution (%) | Change |
|---|---|---|---|---|---|
| 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% | 55.32 | 3.6% | 8.6% |
| Total | 1755.27 | 100% | 1538.08 | 100% | 14.1% |
Full Year Financial Review (FY26 vs FY25)
Looking at the full financial year, the consolidated revenue saw a 7.0% year-over-year growth, reaching Rs. 5965.78 crs in FY26 compared to Rs. 5577.82 crs in FY25.Consolidated Year-End Results (FY26 vs FY25)
| Particulars | FY26 | FY25 | Change |
|---|---|---|---|
| Net revenue (NR) | 5965.78 | 5577.82 | 7.0% |
| EBITDA excluding other income | 526.76 | 513.23 | 2.6% |
| Other income | 23.51 | 20.89 | 12.5% |
| EBITDA after other income | 550.27 | 534.12 | 3.0% |
| PBT | 407.89 | 413.95 | -1.5% |
| PAT | 308.33 | 313.72 | -1.7% |
Segment Revenue Contribution (FY26 vs FY25)
In terms of annual segment contribution, the Electricals segment emerged as the primary revenue driver.| Products | FY26 | Contribution (%) | FY25 | Contribution (%) | Change |
|---|---|---|---|---|---|
| Electronics | 1639.58 | 27.5% | 1509.63 | 27.0% | 8.6% |
| Electricals | 2461.08 | 41.2% | 2169.94 | 38.9% | 13.4% |
| Consumer Durables | 1615.88 | 27.1% | 1643.87 | 29.5% | -1.7% |
| Sunflame | 250.23 | 4.2% | 254.38 | 4.6% | -1.6% |
| Total | 5965.78 | 100% | 5577.82 | 100% | 7.0% |
The financial results underscore the company's consistent growth in core segments, particularly Electricals, while also highlighting the sensitivity of the consolidated PAT to one-time adjustments.
VGUARD Stock Price Movement
As of 2:49 PM, shares of V-Guard Industries Limited are shedding value by 2.42% in live trading, currently priced at ₹324.1. The stock has seen significant momentum today, driven by 1.20 million shares traded in the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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