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V-Guard Q1 FY27: 76% PAT Growth to ₹130 Cr Driven by 14% Pricing and 9% Volume Growth
V-Guard reported a strong Q1 FY27 with consolidated revenue rising 23.5% YoY to ₹1,810 crore, aided by a favorable summer season. Net profit surged 76% YoY to ₹130 crore, while EBITDA margins expanded significantly to 10.5% from 8.4% in the previous year. Growth was driven by a blend of 14% pricing actions and 9% volume growth, with the South market outperforming at 36.7% growth. The company's net cash position improved dramatically to ₹670 crore from ₹155 crore a year ago, reflecting disciplined working capital management.
Confidence: HIGH
What changedThe company successfully passed through commodity inflation via calibrated pricing while maintaining stable gross margins at 36.9% and achieving significant operating leverage.
Why it mattersThe sharp expansion in EBITDA margins and robust cash flow generation indicate that V-Guard is successfully integrating acquisitions (Sunflame) and improving its manufacturing efficiency (targeting 75% in-house production).
Q1 Revenue: ₹1,810 crPAT Growth (YoY): 76%EBITDA Margin: 10.5%Price Growth: 14%Volume Growth: 9%Net Cash: ₹670 cr
📅 Short termThe stock may react positively to the strong margin beat and high PAT growth, which significantly outpaced revenue growth.
📈 Long termStructural improvements in manufacturing footprint and the shift toward non-South markets (targeting 48%+ revenue share) support long-term margin stability and growth.
⚠ Risk flags
- Commodity price volatility due to West Asia conflict
- Intense competition in the commoditized wires segment
- Seasonality dependence for cooling-related products
Key Highlights
Consolidated revenue grew 23.5% YoY to ₹1,810 crore, representing ~30% of TTM revenue.
EBITDA increased 54.5% YoY to ₹191 crore, with margins expanding 210 bps to 10.5%.
Blended growth comprised 14% price increases and 9% volume growth across segments.
Net cash position reached ₹670 crore, a significant jump from ₹155 crore in Q1 FY26.
South region revenue grew by 36.7% YoY, while non-South markets grew by 12% due to regional summer variations.
👀 What to Watch
Monitor the sustainability of volume growth in upcoming quarters as the impact of pricing actions (14%) stabilizes. Watch for the execution of the 'sales acceleration program' for Sunflame and the planned entry into the Solar Pump business by FY27.
76.4% PAT Growth in Q1 FY27; Revenue up 23.5% to ₹1,810.65 Cr
V-Guard reported a robust start to FY27 with consolidated revenue growing 23.5% YoY to ₹1,810.65 Cr, driven by double-digit growth across all business segments. Profitability saw a significant jump as PAT rose 76.4% YoY to ₹130.25 Cr, supported by EBITDA margin expansion of 210 bps to 10.5%. The company demonstrated exceptional cash management, with Cash Flow from Operations (CFO) surging to ₹474.12 Cr and net cash reaching ₹669.58 Cr. Working capital efficiency improved drastically, with turnover days reducing from 63 to 31 days YoY.
Confidence: HIGH
What changedV-Guard has transitioned into a high-cash-generating phase with a significant reduction in working capital days (from 63 to 31) and a sharp recovery in the Consumer Durables segment margins.
Why it mattersThe strong Q1 performance, representing ~30% of TTM revenue in a single quarter, validates the company's premiumization and cost-optimization strategy. The massive cash pile (₹669 Cr) provides significant headroom for the planned shift to 75% in-house manufacturing.
Q1 Revenue vs TTM Revenue: 30.3%PAT Growth (YoY): 76.4%EBITDA Margin: 10.5%Net Cash Position: ₹669.58 CrWorking Capital Turnover: 31 daysAd Spends as % of Revenue: 2.2%
📅 Short termThe stock is likely to react positively to the sharp earnings beat and the significant improvement in balance sheet liquidity and cash flows.
📈 Long termStructural improvements in the product mix and the increasing share of in-house manufacturing (targeting 75%) are expected to stabilize margins and improve ROCE over the next 3-4 years.
⚠ Risk flags
- Input cost inflation volatility
- Geopolitical risks affecting West Asia supply chains
- High competition in the Kitchen Appliances (Sunflame) segment
Key Highlights
Consolidated Net Revenue increased 23.5% YoY to ₹1,810.65 Cr for Q1 FY27.
EBITDA grew 54.5% YoY to ₹190.96 Cr, with margins expanding to 10.5% from 8.4%.
Net Cash position strengthened to ₹669.58 Cr as of June 30, 2026, vs ₹155.32 Cr a year ago.
South market revenue grew by 36.7% YoY, while Non-South markets grew by 12.0%.
Consumer Durables segment turned profitable at the EBIT level with a result of ₹14.92 Cr vs a loss of ₹7.17 Cr YoY.
👀 What to Watch
Monitor the sustainability of the 10%+ EBITDA margin in upcoming quarters and the execution of the Sunflame business integration as it shifts toward growth acceleration. Watch for the planned entry into the Solar Pump segment by FY27.
76.4% PAT Growth: V-Guard Reports Strong Q1 FY27 with Rs 1,811 Cr Revenue
V-Guard Industries delivered a robust Q1 FY27, with consolidated revenue growing 23.5% YoY to Rs 1,810.65 crore. Profit After Tax (PAT) surged 76.4% YoY to Rs 130.25 crore, significantly outpacing revenue growth due to EBITDA margins expanding from 8.4% to 10.5%. The performance was supported by double-digit growth across all segments, with the Electricals division leading at 27.7% growth. Notably, the company halved its working capital cycle to 31 days from 63 days a year ago, reflecting high operational efficiency.
Confidence: HIGH
What changedV-Guard has demonstrated a sharp turnaround in its Consumer Durables segment profitability and a massive improvement in its cash conversion cycle.
Why it mattersThe strong earnings beat and efficiency gains suggest that the company is successfully integrating its acquisitions (Sunflame) and scaling its manufacturing (65% in-house) to drive higher RoCE, which improved to 17.8%.
Q1 FY27 Revenue: Rs 1810.65 crRevenue vs TTM Revenue: 30.35%Q1 FY27 PAT: Rs 130.25 crEBITDA Margin: 10.5%Working Capital Days: 31 daysSouth Region Growth: 36.7%
📅 Short termThe stock is likely to react positively in the short term due to the significant PAT beat and the sharp reduction in working capital requirements.
📈 Long termThe structural shift toward in-house manufacturing and the turnaround of the durables segment could lead to a long-term re-rating if double-digit growth is sustained outside the core South Indian market.
⚠ Risk flags
- Geopolitical risks in West Asia impacting supply chains
- Input cost volatility
- High competitive intensity in the kitchen appliances segment
Key Highlights
Consolidated Revenue increased 23.5% YoY to Rs 1,810.65 crore, representing ~30% of TTM revenue.
Profit After Tax (PAT) grew by 76.4% YoY to Rs 130.25 crore from Rs 73.85 crore.
EBITDA margins expanded by 210 basis points to 10.5% compared to 8.4% in the previous year.
Working capital days improved significantly to 31 days from 63 days in Q1 FY26.
Consumer Durables segment turned profitable at the EBIT level with a margin of 3.6% vs -2.1% YoY.
👀 What to Watch
Investors should monitor the sustainability of the margin expansion and the management's ability to navigate supply chain risks mentioned regarding the West Asia conflict. Watch for continued performance in the Non-South markets, which currently contribute 48.5% of revenue.
V-Guard Q1 PAT Surges 76% to ₹130 Cr; Mithun Chittilappilly Appointed CMD
V-Guard reported a strong performance for Q1 FY27, with consolidated revenue growing 23.5% YoY to ₹1,810.65 Cr. Net profit saw a significant jump of 76.4% YoY to ₹130.25 Cr, driven by robust growth in the Electronics and Electricals segments. The board also approved the elevation of current Managing Director Mithun K Chittilappilly to Chairman & Managing Director, effective September 27, 2026, ensuring leadership continuity. Additionally, the company allotted 23,912 shares under its employee stock option scheme.
Confidence: HIGH
What changedV-Guard delivered a significant earnings beat for Q1 FY27 and formalized a leadership transition plan for late 2026.
Why it mattersThe strong quarterly performance indicates successful execution in core segments and a turnaround in durables, while the CMD appointment provides long-term management stability.
Q1 Consolidated Revenue: ₹1,810.65 CrQ1 Consolidated PAT: ₹130.25 CrRevenue vs TTM Revenue: 30.3%Electronics Segment Profit: ₹130.70 CrESOS Allotment: 23,912 shares
📅 Short termThe stock is likely to react positively in the short term due to the 76% YoY profit growth and strong revenue momentum across all business segments.
📈 Long termThe leadership transition to a long-standing MD and the recovery in the Consumer Durables segment support the company's long-term growth target of 9-11%.
⚠ Risk flags
- Input cost volatility affecting margins
- Dependence on non-south market expansion for future growth
Key Highlights
Consolidated revenue for Q1 FY27 increased 23.5% YoY to ₹1,810.65 Cr from ₹1,466.08 Cr.
Consolidated PAT grew 76.4% YoY to ₹130.25 Cr, representing approximately 42% of the total TTM PAT in a single quarter.
Electronics segment revenue rose 22.8% YoY to ₹658.46 Cr, while Electricals grew 27.7% to ₹670.12 Cr.
Consumer Durables segment turned profitable with a result of ₹14.92 Cr vs a loss of ₹7.17 Cr in the same quarter last year.
Mithun K Chittilappilly appointed as CMD effective September 27, 2026, following the end of the current Chairperson's term.
👀 What to Watch
Investors should monitor the sustainability of margins in the Consumer Durables segment and the progress of the Sunflame integration, which contributed ₹65.69 Cr to revenue this quarter.
76% YoY Profit Growth in Q1 FY27; MD Mithun Chittilappilly Appointed Chairperson
V-Guard Industries reported a robust Q1 FY27 with consolidated revenue growing 23.5% YoY to ₹1,810.65 Cr. Net profit surged 76.4% YoY to ₹130.25 Cr, significantly outperforming the ₹73.85 Cr recorded in the same quarter last year. A key driver was the Consumer Durables segment, which turned around from a loss of ₹7.17 Cr to a profit of ₹14.92 Cr. Additionally, the Board has appointed current Managing Director Mithun K Chittilappilly as Chairperson effective September 27, 2026.
Confidence: HIGH
What changedV-Guard delivered a strong earnings beat led by segment turnarounds and announced a planned leadership transition at the Board level.
Why it mattersThe sharp increase in profitability and the turnaround in durables suggest improved operational efficiency and successful integration of recent expansions. Leadership continuity is maintained as the current MD moves to the Chairperson role.
Q1 Consolidated Revenue: ₹1,810.65 CrQ1 Net Profit: ₹130.25 CrYoY Profit Growth: 76.4%Q1 Revenue vs TTM Revenue: 30.3%Consumer Durables Segment Result: ₹14.92 Cr
📅 Short termThe stock is likely to react positively to the significant earnings growth and the successful turnaround of the durables business.
📈 Long termThe company is successfully diversifying its revenue mix and improving non-south market penetration, with leadership continuity supporting long-term strategy.
⚠ Risk flags
- Input cost volatility in the electricals segment
- High competitive intensity in kitchen appliances
Key Highlights
Consolidated revenue grew 23.5% YoY to ₹1,810.65 Cr, representing approximately 30% of TTM revenue.
Net profit increased 76.4% YoY to ₹130.25 Cr, with diluted EPS rising to ₹2.96 from ₹1.68.
Consumer Durables segment achieved a turnaround with a profit of ₹14.92 Cr compared to a loss of ₹7.17 Cr in Q1 FY26.
Electronics segment revenue increased 22.8% YoY to ₹658.46 Cr, contributing ₹130.70 Cr to segment results.
Managing Director Mithun K Chittilappilly to succeed Ms. Radha Unni as Chairperson on September 27, 2026.
👀 What to Watch
Investors should monitor the sustainability of the margin improvement in the Consumer Durables segment and the execution of the leadership transition in September.
76% PAT Growth in Q1 FY27; Mithun Chittilappilly Appointed Chairperson
V-Guard Industries reported a strong performance for Q1 FY27, with consolidated revenue growing 23.5% YoY to ₹1,810.65 Cr. Net profit surged 76.4% YoY to ₹130.25 Cr, significantly outpacing revenue growth due to improved segment margins, particularly in Consumer Durables which turned profitable. The Board also announced that Managing Director Mithun K Chittilappilly will transition to the role of Chairperson effective September 27, 2026, following the conclusion of Ms. Radha Unni's term. A minor equity allotment of 23,912 shares was also approved under the company's ESOP scheme.
Confidence: HIGH
What changedV-Guard delivered a significant earnings beat for Q1 FY27 and initiated a top-level leadership transition with the MD moving to the Chairperson role.
Why it mattersThe strong profit growth indicates high operational leverage and successful integration of the Sunflame acquisition, while the leadership change ensures management continuity.
Q1 FY27 Revenue: ₹1,810.65 CrQ1 FY27 Net Profit: ₹130.25 CrRevenue vs TTM Revenue: ~30.3%Net Profit vs TTM PAT: ~42.3%ESOP Allotment: 23,912 shares
📅 Short termThe stock is likely to react positively in the short term due to the substantial year-on-year growth in net profit and improved margins across segments.
📈 Long termThe company's strategy to increase in-house manufacturing to 75% and expand non-South market share appears to be yielding results, supporting long-term structural growth.
⚠ Risk flags
- Vulnerability to input price volatility
- Dependence on outsourced production for 35% of revenue
- Margin pressure in the fan segment due to new star-rating norms
Key Highlights
Consolidated revenue for Q1 FY27 rose to ₹1,810.65 Cr from ₹1,466.08 Cr in Q1 FY26
Net profit increased by 76.4% YoY to ₹130.25 Cr, representing approximately 42% of the total TTM PAT
Consumer Durables segment turned around with a profit of ₹14.92 Cr compared to a loss of ₹7.17 Cr in the previous year's quarter
Electronics segment remained the most profitable, contributing ₹130.70 Cr to segment results
Allotment of 23,912 equity shares to 6 employees under the ESOS 2013 scheme
👀 What to Watch
Investors should monitor the sustainability of the turnaround in the Consumer Durables segment and the execution of the leadership transition in September 2026.
76% YoY Profit Growth in Q1 FY27; Mithun Chittilappilly Appointed Chairperson
V-Guard Industries reported a robust Q1 FY27 with consolidated revenue growing 23.5% YoY to ₹1,810.65 Cr. Net profit surged 76.4% YoY to ₹130.25 Cr, driven by strong performance in the Electronics and Electricals segments. Notably, the Consumer Durables segment turned profitable with a segment result of ₹14.92 Cr compared to a loss of ₹7.17 Cr in the previous year's quarter. The Board also approved the appointment of Managing Director Mithun K Chittilappilly as Chairperson effective September 27, 2026.
Confidence: HIGH
What changedV-Guard delivered a significant earnings beat with profit growth far outstripping revenue growth, alongside a planned transition of the Chairperson role to the current Managing Director.
Why it mattersThe sharp profit jump indicates improved operational leverage and successful integration of acquisitions like Sunflame. The leadership change ensures continuity as the company expands its non-South market presence.
Q1 FY27 Consolidated Revenue: ₹1,810.65 CrQ1 FY27 Net Profit: ₹130.25 CrYoY Profit Growth: 76.4%Q1 Profit vs TTM PAT: 42.3%Diluted EPS (Q1): ₹2.96
📅 Short termThe stock is likely to react positively in the short term due to the strong YoY and QoQ profit growth and the turnaround in the durables segment.
📈 Long termThe company's shift toward 75% in-house manufacturing and expansion into non-South markets (targeting 48%+ revenue share) remains the primary long-term value driver.
⚠ Risk flags
- Input cost volatility affecting margins
- High competition in the value segment for fans due to new star-rating norms
Key Highlights
Consolidated revenue grew 23.5% YoY to ₹1,810.65 Cr for the quarter ended June 30, 2026.
Net profit increased 76.4% YoY to ₹130.25 Cr, achieving ~42% of the entire FY26 PAT in a single quarter.
Electricals segment revenue rose 27.7% YoY to ₹670.12 Cr, while Electronics grew 22.8% to ₹658.46 Cr.
Consumer Durables segment swung from a ₹7.17 Cr loss in Q1 FY26 to a ₹14.92 Cr profit in Q1 FY27.
Sunflame segment contributed ₹65.69 Cr to revenue, showing an 18.3% YoY growth.
👀 What to Watch
Investors should monitor the sustainability of the turnaround in the Consumer Durables segment and the impact of the leadership transition in September 2026. Watch for margin trends as the company aims to increase in-house manufacturing to 75%.
V-Guard Proposes ₹1.50 Dividend and Increase in Managerial Remuneration Limit to 15%
V-Guard Industries has scheduled its 30th Annual General Meeting (AGM) for August 11, 2026. The board has proposed a dividend of ₹1.50 per equity share for FY 2025-26, representing a payout of approximately 21% of TTM PAT. A significant resolution includes increasing the overall managerial remuneration limit from 11% to 15% of net profits. The company also disclosed an R&D expenditure of ₹35.39 Cr (0.62% of sales) for the fiscal year, focusing on in-house manufacturing and solar technology.
Confidence: HIGH
What changedThe company is formalizing its FY26 dividend and seeking shareholder approval to raise the cap on executive compensation from 11% to 15% of net profits.
Why it mattersThe increase in remuneration limits provides the board more flexibility in compensating key management, while the R&D data confirms the company's shift toward in-house manufacturing and technology-led product differentiation.
Proposed Dividend: ₹1.50 per shareNew Remuneration Limit: 15% of net profitsR&D Expenditure: ₹35.39 CrForeign Exchange Outgo: ₹327.39 CrAGM Date: August 11, 2026
📅 Short termThe stock is likely to remain neutral as the dividend and AGM notice are routine corporate actions with no immediate impact on earnings.
📈 Long termThe focus on R&D and increasing in-house manufacturing to 75% (from 65%) is structurally positive for long-term margin stability and supply chain control.
⚠ Risk flags
- Increase in managerial remuneration limits may face scrutiny from institutional investors
- High foreign exchange outgo (₹327.39 Cr) relative to negligible forex earnings (₹0.71 Cr)
Key Highlights
Proposed dividend of ₹1.50 per equity share for the financial year ended March 31, 2026
Resolution to increase the overall managerial remuneration limit from 11% to 15% of net profits
Total R&D expenditure stood at ₹35.39 Cr, accounting for 0.62% of total sales
Foreign exchange outgo rose to ₹327.39 Cr in FY26 compared to ₹243.96 Cr in FY25
Appointment of Ms. Usha Sunny as an Independent Director for a five-year term starting May 12, 2026
👀 What to Watch
Investors should monitor the voting results of the AGM on August 11, 2026, specifically the resolution regarding the 4% increase in the managerial remuneration ceiling.
V-Guard Q4 FY26 PAT Rises 23% to ₹112 Cr; Recommends ₹1.5 Dividend
V-Guard reported a strong Q4 FY26 with consolidated revenue growing 14.1% YoY to ₹1,755 crores, driven by robust performance in Electronics (+22.3%) and Electrical (+15.9%) segments. While full-year PAT saw a marginal decline of 1.7% to ₹308 crores due to a one-off ₹22 crore labor code charge, the underlying performance remains healthy with a net cash position of ₹231 crores. The company has successfully passed on 75% of recent input cost increases (8-13%) and expects to reach double-digit EBITDA margins as demand stabilizes. A final dividend of ₹1.5 per share (150%) has been recommended.
Key Highlights
Q4 FY26 Revenue grew 14.1% YoY to ₹1,755 crores, with Electronics segment leading at 22.3% growth.
Consolidated PAT for Q4 increased by 23% YoY to ₹112 crores, despite a challenging first half of the fiscal year.
Net cash position improved significantly to ₹231 crores from ₹64 crores in the previous year.
Management implemented price hikes to counter 8-13% input cost inflation, with 75% already passed through.
Board recommended a final dividend of 150% (₹1.5 per equity share) for FY26.
👀 What to Watch
Investors should monitor the company's ability to pass on the remaining 25% of cost increases and the performance of the non-South markets, which now contribute 48% of revenue. The strong cash position and recovery in the second half of FY26 suggest a positive outlook for FY27.
V-Guard Q4 FY26 Results: Revenue Up 14.1% to ₹1,755 Cr, PAT Jumps 23% to ₹112 Cr
V-Guard Industries reported a robust Q4 FY26 with consolidated revenue growing 14.1% YoY to ₹1,755.27 crore and PAT increasing 23% to ₹112.13 crore. While full-year FY26 PAT saw a marginal decline of 1.7% to ₹308.33 crore, this was primarily due to a ₹22.11 crore exceptional charge for new labour codes; excluding this, underlying PAT grew by 3.6%. The company demonstrated strong cash generation, ending the year with a net cash position of ₹231.16 crore compared to ₹63.83 crore last year. A final dividend of ₹1.50 per share (150%) has been recommended.
Key Highlights
Q4 FY26 revenue increased 14.1% YoY to ₹1,755.27 crore, led by 22.3% growth in the Electronics segment.
EBITDA for Q4 grew 19.3% YoY to ₹170.72 crore, with margins expanding to 9.7% from 9.3% YoY.
Full-year FY26 revenue reached ₹5,965.78 crore, marking a 7% growth over the previous financial year.
Net cash position significantly improved to ₹231.16 crore as of March 31, 2026, supported by strong CFO of ₹458.55 crore.
The Board recommended a final dividend of 150%, equating to ₹1.50 per equity share.
👀 What to Watch
Investors should take confidence in the strong Q4 recovery and margin expansion, which suggests a positive outlook for FY27. The successful integration of Sunflame and robust cash flow generation provide a solid foundation for future growth.
V-Guard Q4 FY26 Results: PAT Surges 23% to ₹112 Cr; Revenue Up 14.1%
V-Guard reported a strong Q4 FY26 with consolidated revenue growing 14.1% YoY to ₹1755.27 crore, driven by robust performance in the Electronics and Electricals segments. Net profit for the quarter jumped 23% to ₹112.13 crore, while full-year PAT saw a marginal decline of 1.7% to ₹308.33 crore due to a one-time ₹22.11 crore impact from new Labour Codes. The company showed operational efficiency with working capital days reducing from 70 to 60. Management remains optimistic about FY27, citing a supportive summer season for its cooling products.
Key Highlights
Q4 Revenue grew 14.1% YoY to ₹1755.27 cr, with the Electronics segment leading growth at 22.3%
Q4 PAT increased by 23% YoY to ₹112.13 cr, while EBITDA margins expanded to 9.7% from 9.3%
Full-year FY26 PAT of ₹308.33 cr was impacted by a ₹22.11 cr one-time exceptional item related to Labour Codes
Working capital cycle improved significantly to 60 days compared to 70 days in the previous year
South region continues to be the primary driver with 16.2% growth in Q4, contributing 53.7% of total revenue
👀 What to Watch
Investors should view the strong Q4 recovery and margin expansion positively, as the one-time labor cost impact is non-recurring. The improvement in working capital and strong growth in core segments suggest a healthy outlook for FY27.
V-Guard Reports FY26 Revenue of ₹5,692 Cr; Recommends ₹1.50 Final Dividend
V-Guard Industries reported a 7.2% year-on-year growth in standalone revenue for FY26, reaching ₹5,691.78 crore. While annual standalone profit remained nearly flat at ₹259.37 crore compared to ₹260.22 crore in FY25, the fourth quarter showed strong momentum with PAT rising to ₹95.35 crore from ₹78.06 crore. The board has recommended a final dividend of ₹1.50 per share (150% of face value). Additionally, the company allotted 87,239 shares under its ESOP scheme and appointed Ms. Usha Sunny as an Independent Director.
Key Highlights
Standalone Revenue for FY26 grew 7.2% YoY to ₹5,691.78 crore from ₹5,308.87 crore.
Q4 FY26 standalone PAT increased to ₹95.35 crore, up from ₹78.06 crore in the same quarter last year.
Recommended a final dividend of ₹1.50 per equity share for the financial year 2025-26.
Allotted 87,239 equity shares to employees under the ESOS 2013 scheme.
Appointed Ms. Usha Sunny as an Additional Independent Director for a five-year term starting May 12, 2026.
👀 What to Watch
Investors should take note of the strong Q4 performance and the consistent dividend payout policy. The steady revenue growth suggests resilience in the consumer electricals segment despite flat annual net margins.
V-Guard Reports FY26 Revenue of ₹5,692 Cr, Recommends ₹1.50 Dividend per Share
V-Guard Industries reported a 7.2% year-on-year growth in standalone revenue for FY26, reaching ₹5,691.78 crore. While full-year net profit remained flat at ₹259.37 crore, the Q4 performance showed strength with a 22% increase in PAT to ₹95.35 crore. The Board has recommended a final dividend of ₹1.50 per share, with July 31, 2026, set as the record date. Additionally, the company appointed Ms. Usha Sunny as an Independent Director and allotted 87,239 shares under its ESOS scheme.
Key Highlights
Standalone Revenue for FY26 grew to ₹5,691.78 crore from ₹5,308.87 crore in the previous year.
Q4 FY26 Net Profit rose significantly to ₹95.35 crore compared to ₹78.06 crore in Q4 FY25.
Recommended a final dividend of ₹1.50 per equity share (150%) for the Financial Year 2025-26.
Set July 31, 2026, as the record date for dividend eligibility, with payment scheduled by September 9, 2026.
Appointed Ms. Usha Sunny as an Independent Director for a 5-year term starting May 12, 2026.
👀 What to Watch
Investors should focus on the strong Q4 recovery and consistent dividend payout as signs of operational resilience. The stock remains a steady long-term play in the consumer electricals segment.
V-Guard Q4 FY26 Revenue Grows 14% to ₹1,687 Cr; Recommends ₹1.50 Final Dividend
V-Guard Industries reported a strong fourth quarter for FY26, with revenue rising 14% year-on-year to ₹1,687.16 crore. Net profit for the quarter also saw significant growth, reaching ₹95.35 crore compared to ₹78.06 crore in the same period last year. For the full year FY26, revenue reached ₹5,691.78 crore, though annual net profit remained nearly flat at ₹259.37 crore due to an exceptional item of ₹20.91 crore. The board has rewarded shareholders by recommending a final dividend of ₹1.50 per share (150% of face value).
Key Highlights
Q4 FY26 revenue increased by 14% YoY to ₹1,687.16 crore from ₹1,480.07 crore.
Net profit for Q4 FY26 grew to ₹95.35 crore, up from ₹78.06 crore in Q4 FY25.
Full-year FY26 revenue stood at ₹5,691.78 crore, a 7.2% growth over FY25.
Recommended a final dividend of ₹1.50 per equity share for the financial year 2025-26.
Appointed Ms. Usha Sunny as an Additional Independent Director for a 5-year term.
👀 What to Watch
Investors should take note of the strong Q4 recovery and the consistent dividend payout. The company's ability to maintain margins despite exceptional costs suggests operational resilience.
V-Guard FY26 Revenue Rises to ₹5,692 Cr; Recommends ₹1.50 Final Dividend
V-Guard Industries reported a 7.2% year-on-year growth in annual revenue for FY26, reaching ₹5,691.78 crore. While annual net profit remained relatively flat at ₹259.37 crore, the Q4 performance was robust with net profit jumping 22% YoY to ₹95.35 crore. The Board has recommended a final dividend of ₹1.50 per share (150%) for the financial year. Additionally, the company strengthened its board with the appointment of Ms. Usha Sunny as an Independent Director and allotted 87,239 shares under its ESOP scheme.
Key Highlights
Annual Revenue from operations grew 7.2% YoY to ₹5,691.78 crore in FY26.
Q4 FY26 Net Profit increased significantly by 22.1% YoY to ₹95.35 crore compared to ₹78.06 crore in Q4 FY25.
Recommended a final dividend of ₹1.50 per equity share (150% of face value) for FY25-26.
Total Standalone Assets increased to ₹3,289.71 crore as of March 31, 2026, from ₹3,038.86 crore in the previous year.
Allotted 87,239 equity shares to employees following the exercise of stock options under ESOS 2013.
👀 What to Watch
Investors should view the strong Q4 recovery and consistent dividend payout as positive indicators of operational health. The steady revenue growth suggests resilience in the consumer electricals segment, making it a hold for long-term portfolios.
V-Guard FY26 Revenue Grows to ₹5,692 Cr; Recommends ₹1.50 Dividend
V-Guard Industries reported a 7.2% year-on-year growth in annual revenue to ₹5,691.78 crore for FY26. While annual net profit remained nearly flat at ₹259.37 crore compared to ₹260.22 crore in FY25, the Q4 performance was robust with PAT rising to ₹95.35 crore from ₹78.06 crore in the year-ago quarter. The board has recommended a final dividend of ₹1.50 per share (150%) and appointed Ms. Usha Sunny as an Independent Director for a five-year term.
Key Highlights
Annual revenue from operations increased to ₹5,691.78 crore in FY26 from ₹5,308.87 crore in FY25.
Q4 FY26 Profit After Tax (PAT) grew by 22% to ₹95.35 crore compared to ₹78.06 crore in Q4 FY25.
Board recommended a final dividend of ₹1.50 per equity share of face value ₹1 each.
Allotted 87,239 equity shares to employees under the ESOS 2013 scheme.
Ms. Usha Sunny appointed as Non-Executive Independent Director for a 5-year term starting May 12, 2026.
👀 What to Watch
Investors should focus on the strong Q4 margin recovery and consistent revenue growth despite flat annual profits. The dividend yield and steady expansion in the consumer durables space make it a hold for long-term portfolios.
V-Guard Recommends ₹1.50 Final Dividend; FY26 Revenue Grows 7.2% to ₹5,691.78 Cr
V-Guard Industries has recommended a final dividend of ₹1.50 per equity share (150% of face value) for the financial year 2025-26. The company reported a 7.2% year-on-year growth in standalone revenue, reaching ₹5,691.78 crore, although net profit remained nearly flat at ₹259.37 crore. The board also approved the appointment of Ms. Usha Sunny as an Independent Director and scheduled the 30th AGM for August 11, 2026. The record date for the dividend entitlement is fixed as July 31, 2026.
Key Highlights
Recommended a final dividend of ₹1.50 per equity share for FY 2025-26.
Standalone annual revenue increased to ₹5,691.78 crore from ₹5,308.87 crore in the previous year.
Standalone net profit for FY26 stood at ₹259.37 crore compared to ₹260.22 crore in FY25.
Q4 FY26 standalone revenue rose 14% YoY to ₹1,687.16 crore.
Allotted 87,239 equity shares to employees under the ESOS 2013 scheme.
👀 What to Watch
Investors should focus on the company's ability to maintain top-line growth while monitoring stagnant net profits. The dividend offers a steady yield, but long-term value will depend on margin improvement in future quarters.
V-Guard FY26 Revenue Grows 7.2% to ₹5,692 Cr; Recommends ₹1.50 Dividend
V-Guard Industries reported a 7.2% year-on-year growth in annual revenue to ₹5,691.78 crore for FY26. While annual net profit remained nearly flat at ₹259.37 crore, the fourth quarter showed strong momentum with PAT rising 22% to ₹95.35 crore. The Board has recommended a final dividend of ₹1.50 per share (150% of face value). The company also announced the appointment of Ms. Usha Sunny as an Independent Director and the allotment of 87,239 shares under its ESOP scheme.
Key Highlights
Annual Revenue from operations increased to ₹5,691.78 crore in FY26 from ₹5,308.87 crore in FY25.
Q4 FY26 Net Profit rose to ₹95.35 crore, a significant jump from ₹78.06 crore in Q4 FY25.
Recommended a final dividend of ₹1.50 per equity share for the financial year 2025-26.
Full-year Profit After Tax stood at ₹259.37 crore compared to ₹260.22 crore in the previous fiscal.
The Board approved the appointment of Ms. Usha Sunny as an Independent Director for a 5-year term starting May 12, 2026.
👀 What to Watch
Investors should take note of the strong Q4 recovery which suggests improving operational efficiency heading into the next fiscal. The steady dividend payout and revenue growth make it a stable pick, though monitoring margin pressure is advised.
V-Guard Receives ₹17.76 Crore GST Show Cause Notice for Excess ITC Availment
V-Guard Industries Limited has received a Show Cause Notice from the Joint Commissioner, CGST, Audit Commissionerate, Dehradun, for the period FY 2020-21 to 2023-24. The notice alleges short payment of GST amounting to ₹17.76 crore due to inadmissible or excess Input Tax Credit (ITC) availment. While interest and penalties are proposed, they have not yet been quantified by the authorities. The company has stated it has strong grounds to challenge the observations and is currently preparing a rebuttal.
Key Highlights
Show Cause Notice received under Section 74(1) of the CGST Act, 2017.
Alleged short payment of GST communicated is INR 17,75,91,197.
The notice covers tax periods from FY 2020-21 to FY 2023-24.
Issues relate to inadmissible/wrong/excess availment of ITC and GSTR-9 reconciliation.
Company is evaluating the notice and intends to file a rebuttal against the proposed demand.
👀 What to Watch
Investors should monitor the progression of this tax dispute as a final demand order could impact future earnings, though the company currently maintains a strong legal position.
V-Guard Receives ₹10.21 Crore Income Tax Demand for AY 2023-24
V-Guard Industries Limited has received an Income-tax Assessment Order for the Assessment Year 2023-24 with a total demand of ₹10.21 crore, including interest. The demand arises from the tax department disallowing a provision for warranty amounting to ₹35.15 crore, treating it as taxable income. Additionally, the department has initiated penalty proceedings for alleged underreporting of income. The company has stated it has strong legal grounds and intends to challenge the order before the Commissioner of Income-tax (Appeals).
Key Highlights
Total income tax demand of INR 10,20,67,830 including applicable interest.
Disallowance of closing balance of provision for warranty amounting to INR 35,14,75,000.
Penalty proceedings initiated under section 270A of the Income-tax Act for underreporting of income.
Company is in the process of filing an appeal and evaluating a rectification application.
The assessment pertains to the financial year 2022-23 (Assessment Year 2023-24).
👀 What to Watch
Investors should monitor the progress of the appeal as a ₹10.21 crore demand is a notable but manageable liability for a company of V-Guard's scale. The primary concern remains the outcome of the penalty proceedings and the finality of the warranty provision treatment.
