V-Guard Industries Limited — PPTs, 28-01-2025: Investor Presentation

**Financial Highlights:**

In Q3 FY25, V-Guard's revenue grew 8.9% YoY to Rs. 1,268.65 crore, with the Electronics segment leading at 27.9% growth. The company's gross margin expanded to 36.2% from 33.7% YoY. EBITDA increased by 2.5% YoY to Rs. 104.14 crore, with a margin of 8.2%. PAT rose 3.4% YoY, reaching Rs. 60.22 crore. The company's return on equity (ROE) and return on capital employed (ROCE) stood at 14.9% and 18.8%, respectively, reflecting stable financial health.

**Strategic Initiatives and Growth Drivers:**

Despite moderate overall demand, Non-South regions showed strong performance with a 15.8% revenue increase. The company is intensifying its marketing initiatives in the kitchen appliances segment and managing working capital effectively to maintain cash flow.

**Business Developments:**

The company is on track to fully repay its Sunflame-related debt by the year-end. V-Guard's expansion in non-South geographies continues, with significant investments to enhance its market presence.

**Market Position and Competitive Advantage:**

V-Guard maintains a strong brand presence in the South while rapidly growing in other regions, underscoring its strategy for pan-India reach. The company leverages its diversified product offerings and robust distribution network to enhance competitiveness.

**Investor Implications:**

Investors may view V-Guard's consistent revenue growth, stable margins, and effective debt management as indicators of resilience and potential for future growth, particularly in the expanding non-South markets.