V-Guard Industries Limited — Updates, 29-07-2025: Press Release

V-Guard's Q1 FY26 consolidated revenue declined 0.7% YoY to Rs. 1,466.08 Cr, with PAT dropping 25.4% to Rs. 73.85 Cr. A weak summer significantly impacted the Consumer Durables segment, leading to a 16.3% revenue decline and unprofitability in the quarter. Electronics and Electricals segments showed moderate growth. Management anticipates demand normalization and is investing in brand building. A key business development is the initiated merger of Sunflame operations with V-Guard, aiming to fast-track synergy benefits. Working capital days increased, impacting RoE and RoCE.