V-Guard Industries Limited — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

V-Guard reported Q3 FY26 revenue of INR 1,404 Cr, up 10.6% YoY, largely driven by the Electricals segment (+26%). Electronics revenue was flat, while Consumer Durables grew 4.6%. Sunflame revenue declined 9.9%. EBITDA increased 18.3% to INR 123 Cr (8.8% margin). PAT dipped 5.2% to INR 57 Cr due to a one-time INR 22.11 Cr employee benefit charge; underlying PAT improved 22%. Management anticipates strong summer demand and plans calibrated price actions to counter rising input costs, particularly for copper-based fans. Sunflame's sales integration is underway. The company is cautiously optimistic about achieving double-digit EBITDA margins with normalized raw material prices.