V-Guard Industries Limited has informed the Exchange about Transcript
VGUARD · price
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Awaiting price reaction for this filing.
V-Guard posted its highest-ever quarterly revenue of ₹1,538 crores in Q4 FY25, up 14.5% year-on-year, driven by Electronics (+26.3%), Electricals (+14.6%) and Consumer Durables (+11.9%). Full-year EBITDA grew 20% to ₹513 crores with margin expanding from 8.8% to 9.2%, while PAT rose 21.8% to ₹314 crores. The Board recommended a final dividend of ₹1.5 per share (150%), and the company became debt-free after repaying the Sunflame acquisition loan. Management stated gross margin recovery is 'largely complete' at 35.5% and guided to incremental gains via a premium product mix, maintaining FY26 top-line growth target of 14-15%. Sunflame remains a drag with 24% Q4 revenue decline due to CSD channel slowdown and pending integration, while the Hyderabad battery plant expansion (~₹50 cr CAPEX) is expected to deliver ₹300-400 cr of throughput once stabilized in 2-2.5 years.
Strong all-round execution with double-digit revenue and profit growth, debt-free status, and dividend announcement are positives for shareholders. However, weak South India summer could mute Q1 FY26, Sunflame continues to underperform and drag on margins, and management gave limited clarity on intangibles impairment risk (~₹700 cr linked to Sunflame) and CSD recovery timeline.