V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q2 FY27 Earnings Presentation
19 slides from V-guard Industries's earnings presentation, Oct 29, 2026
Slide 1: Submission of Investor Presentation to stock exchanges
October 29, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai- 400 001 Bandra-East, Mumbai- 400 051 Scrip
Slide 2: V-Guard Industries Q2 FY27 Earnings Presentation
V-Guard Industries Q2 FY27 Earnings Presentation
Slide 3: Disclaimer
2 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Table of Contents
3 Table of Contents CMD’s Message 04 Key Highlights 05 Financial Highlights 06-10 Segment-wise/Geographical Breakup of Revenues 11-13 Annexure 14-16
Slide 5: Chairman & Managing Director's Message
4 Chairman & Managing Director’s Commenting on the performance for Q2 FY27, Mr. Mithun Chittilappilly, Chairman & Managing Director – V-Guard Industries Limited said, “The business delivered another quarter Message of robust and consistent performance with all segments delivering strong growth which
Slide 6: Key Highlights – Q2 FY27
Key Highlights – Q2 FY27 5 • Q2 FY27 revenue increased by 38.2% YoY to Rs. 1,852.89 crore Revenue increased by • South markets witnessed a YoY growth of 51% whereas Non-South markets grew by 23.2% in Q2 FY27 38.2% YoY in Q2 FY27 • Non-South markets contributed to 41% of total revenues in Q2 FY27 as
Slide 7: P&L Snapshot (including Sunflame)
6 P&L Snapshot (including Sunflame) P&L Statement Q2 FY27 Q2 FY26 Change Q1 FY27 H1 FY27 H1 FY26 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue (NR) 1,852.89 1,340.92 38.2% 1,810.65 3,663.54 2,807.00 30.5% COGS 1,216.87 837.10 45.4% 1,142.82 2,359.69 1,762.51 33.9% G
Slide 8: P&L Snapshot (excluding Sunflame)
7 P&L Snapshot (excluding Sunflame) P&L Statement Q2 FY27 Q2 FY26 Change Q1 FY27 H1 FY27 H1 FY26 Change Particulars (Rs. Cr) (Rs. Cr) % (Rs. Cr) (Rs. Cr) (Rs. Cr) % Net Revenue (NR) 1,779.63 1,277.78 39.3% 1,745.28 3,524.91 2,688.35 31.1% COGS 1,171.13 799.90 46.4% 1,101.32 2,272.45 1,692.32 34.3% G
Slide 9: Financial Highlights (Q2 FY27 vs. Q2 FY26)
8 Financial Highlights (Q2 FY27 vs. Q2 FY26) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 1,853 1,341 636 Key Ratios (%) Q2 FY27 Q2 FY26 504 Gross Margin 34.3% 37.6% 38.2% 26.2% EBITDA Margin (excl. other income) 9.1% 8.1% Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Profit after Tax 6.0% 4.9% Ad & Promotion
Slide 10: Financial Highlights (H1 FY27 vs. H1 FY26)
9 Financial Highlights (H1 FY27 vs. H1 FY26) Net Revenue (Rs. crore) Gross Profit (Rs. crore) 3,664 1,304 2,807 1,044 Key Ratios (%) H1 FY27 H1 FY26 Gross Margin 35.6% 37.2% 30.5% 24.8% EBITDA Margin (excl. other income) 9.8% 8.3% H1 FY26 H1 FY27 H1 FY26 H1 FY27 Profit after Tax 6.6% 5.0% Ad & Promo
Slide 11: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective 10 Balance Sheet Snapshot (Rs. Cr) 30 September 2026 30 June 2026 30 September 2025 Net Worth 2,563.08 2,509.90 2,190.12 Gross Debt 8.01 7.83 7.49 Current Investments 436.09 575.85 45.19 Cash & Cash Equivalents (inc. bank balance) 102.36 101.56 55.08
Slide 12: Segment-wise Breakup – Q2 FY27 vs. Q2 FY26
11 Segment-wise Breakup – Q2 FY27 vs. Q2 FY26 Q2 FY27 Q2 FY26 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 510.24 27.5% 319.07 23.8% 59.9% Electricals 794.25 42.9% 562.62 42.0% 41.2% Consumer Durables 475.22 25.7% 396.09 29.5% 20.0% Sunflame 76.08 4.
Slide 13: Segment-wise Breakup – H1 FY27 vs. H1 FY26
12 Segment-wise Breakup – H1 FY27 vs. H1 FY26 H1 FY27 H1 FY26 YoY growth Segment Revenue Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) Electronics 1,168.70 31.9% 855.36 30.5% 36.6% Electricals 1,464.37 40.0% 1,087.32 38.7% 34.7% Consumer Durables 891.93 24.3% 745.67 26.6% 19.6% Sunflame 14
Slide 14: Geographical Breakup of Revenues
13 Geographical Breakup of Revenues Q2 FY27 Q2 FY26 YoY growth Region Contribution (%) Contribution (%) (Rs. Cr) (Rs. Cr) (%) South 1,092.42 59.0% 723.69 54.0% 51.0% Non-South 760.47 41.0% 617.23 46.0% 23.2% Total Revenue 1,852.89 100% 1,340.92 100% 38.2% H1 FY27 H1 FY26 YoY growth Region Contributi
Slide 15: Annexure
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Slide 16: Market Overview of V-Guard's Product Portfolio
15 Market Overview of V-Guard’s Product Portfolio Total Market Size Indicative Org. Industry Growth VG Share in Electronics Product Other Key Players (Rs. Crs.) Market Size (%) Rate (%) Org. Market (%) Microtek, Everest, Stabilizers 1,600-2,000 65-70% 4-6% 40-45% Premier Exide, Luminous, DUPS & Batt
Slide 17: Market Overview of V-Guard's Product Portfolio
16 Market Overview of V-Guard’s Product Portfolio Total Market Size Indicative Org. Industry Growth VG Share in Appliances Product Other Key Players (Rs. Crs.) Market Size (%) Rate (%) Org. Market (%) Water Heaters 3,000-4,000 80-85% 8-10% 14-16% Bajaj, Havells, Crompton, Racold Electric Fans 12,000
Slide 18: About V-Guard Industries
17 About V-Guard Industries V-Guard Industries Limited (BSE:532953, NSE: VGUARD) is a Kochi based company, founded in 1977 by Kochouseph Chittilappilly to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a m
Slide 19: Thank You
THANK YOU