Press release
VGUARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 2.1 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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V-Guard Industries reported Q4 FY26 revenue of Rs. 1755.27 crs, up 14.1% YoY, with profit after tax growing 23% to Rs. 112.13 crs. The quarter showed strong performance driven by electronics and electricals segments. For the full year FY26, revenue grew 7% to Rs. 5965.78 crs, but PAT declined 1.7% to Rs. 308.33 crs due to a one-time impact from new Labour Codes. Excluding this impact, underlying PAT grew 3.6%. EBITDA margin expanded in Q4 (9.7% vs 9.3%) but compressed for the full year (8.8% vs 9.2%). An exceptional item of Rs. 22.11 crs was recorded in FY26. Consumer Durables segment saw significant margin compression while Electricals showed strong growth with margin expansion.
Mixed signals for investors: Q4 shows strong operational performance with double-digit revenue and PAT growth, but FY26 PAT decline due to one-time Labour Code impact and margin compression may create near-term caution despite underlying business improvement.