V-Guard Industries Ltd

Management reported a strong start to FY27, with consolidated revenue for Q1 FY27 at INR 1,810 crores, reflecting a year-on-year growth of 23.5%. All business segments achieved double-digit growth, with the Electronics segment growing by 22.8%, the Electricals segment by 27.7%, and the Consumer Durables segment by 19.2%. The gross margin remained stable at 36.9%, despite input cost pressures, and EBITDA grew by 54.5% year-on-year to INR 191 crores. Consolidated PAT increased by 76% year-on-year to INR 130 crores. Management noted that the South market saw a revenue growth of 36.7% year-on-year, while the non-South market grew by 12%. They emphasized the importance of disciplined working capital management and proactive pricing actions in maintaining margins amidst geopolitical challenges. Management set a goal of maintaining EBITDA margins between 9% to 10%.

Management emphasized strong growth across all segments and maintained healthy margins despite challenges.