V-Guard Q1 Results: Shares jump 9% after all segments post double-digit growth

V-Guard Industries kicked off FY27 on a strong note, reporting broad-based growth across its business portfolio as healthy summer demand and resilient execution helped the consumer electricals maker navigate supply disruptions linked to the West Asia conflict. The upbeat performance prompted investors to cheer the results, with the stock rising nearly 9% during Wednesday’s (July 29) trade.

The company reported a 76% year-on-year jump in net profit to ₹130 crore for the June quarter, while revenue rose 23.5% to ₹1,811 crore. EBITDA increased 56% to ₹192 crore, with EBITDA margin expanding to 10.6% from 8.4% a year ago, reflecting improved operating leverage and healthy cost management.

The strength was not confined to one product category. Every business segment delivered double-digit revenue growth during the quarter, underlining the company’s diversified portfolio and broad-based demand recovery.

Electricals emerged as the fastest-growing segment, with revenue rising 27.7%, while electronics grew 22.8%. Consumer durables also posted a healthy 19.2% increase, and Sunflame continued to contribute positively following its integration into the business. Segment profitability improved across most businesses, with the consumer durables division returning to positive margins after reporting losses in the corresponding period last year.

Geographically, southern markets remained the company’s biggest revenue contributor, accounting for over half of total sales.

However, growth outside its traditional stronghold continued to gain traction, with the non-South business expanding 12% year-on-year, highlighting V-Guard’s continued efforts to broaden its national footprint.

Managing Director Mithun K. Chittilappilly said the company delivered a strong quarter despite challenges arising from the conflict in West Asia. He attributed the performance to the inherent resilience of the business, proactive operational measures and favourable seasonal demand during the summer months.

“The business delivered a strong performance for the quarter with all segments delivering double digit growth. Despite challenges posed by the West Asia war, the company delivered robust results while sustaining healthy margins driven by inherent resilience of the business, proactive actions and a supportive summer season,” he said.

He added that the company will continue to closely monitor geopolitical developments and take necessary steps to safeguard supplies and profitability, while expressing confidence that the current growth momentum can be sustained in the coming quarters.

Investors welcomed both the earnings performance and the management commentary. Following the announcement, shares of V-Guard Industries climbed to an intraday high of ₹316.80, up nearly 9% during Tuesday’s session before easing from the day’s peak.

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