V-Guard Industries Limited — PPTs, 29-10-2025: Investor Presentation

V-Guard Industries reported Q2 FY26 consolidated net revenue of ₹1,341 Cr, a 3.6% YoY rise, with profit after tax (PAT) increasing 3% to ₹65 Cr. The Electronics segment led growth at 5.3%, followed by Electricals (+4.7%). South markets grew 4.3%, while Non-South contributed 44.1% of revenue with 2.8% growth.

A key strategic focus is the ongoing merger of Sunflame with V-Guard, which is expected to unlock significant synergies. V-Guard is also actively expanding its non-South market presence to become a dominant pan-India player.

Gross margin improved by 140 basis points to 37.6%, though EBITDA saw a slight decline of 0.9% to ₹109.26 Cr. The company boasts a robust balance sheet with net cash of ₹92.78 Cr. Management noted Q2 faced headwinds like higher rainfall and soft demand but anticipates demand improvement in future quarters, boosted by GST 2.0 reforms.