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V-Guard Industries Ltd

Q1 FY27Consumer Durables

V-Guard Industries Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹288
Market cap₹12.6K Cr
P/E33.0
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned

The short version

V-Guard targets overall sales growth of around 15% annually as a medium-term target, with FY27 potentially exceeding this due to price growth and volume recovery. V-Guard targets overall revenue growth of around 15% annually, combining ~12% volume growth and 2-3% price growth in normal conditions.

From V-Guard Industries Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • V-Guard targets overall sales growth of around 15% annually as a medium-term target, with FY27 potentially exceeding this due to price growth and volume recovery.
  • Typical growth comprises 2-3% price growth and 10-12% volume growth in normal conditions.
  • After an unusual inflationary period affecting volumes, recent volume growth was about 9%, affected by high price hikes causing some customer postponement.
  • Volume growth is expected to normalize to around 10-12% over the longer term.
  • Ex-wires portfolio (Electricals excluding wires) is growing at a high double-digit rate.
  • Solar rooftop business and adjacent categories (like battery energy storage) are fast-growing, contributing to future growth.

2 more points from V-Guard Industries Ltd's call on revenue

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Profitability & Margins

See what V-Guard Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Capex guidance is around INR 150-170 crores annually for the next two years, lower than the previous INR 2 to 2.5 billion guidance.
  • Investments continue in building organizational capabilities, technology, systems, and processes to scale operations.
  • Focus on manufacturing and insourcing efforts to improve gross margins and cost efficiencies.
  • Strategic investments in new categories such as solar and lighting:
  • Solar rooftop business is about 18 months old and growing rapidly.
  • Upcoming launch of new next-generation battery products in solar.
  • Lighting category launch scheduled within the financial year to fill portfolio gaps.
  • Battery Energy Storage Systems (BESS) identified as a significant future opportunity.

2 more points from V-Guard Industries Ltd's call on capex

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked
1Nanta Tech
Rev 1Mar 1
2Shanti Gold
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what V-Guard Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

There is no direct reference to order book size, backlog, or pending orders status in the Q&A or management commentary. Key relevant observations: - Discussions focus mainly on volume growth, pricing, category performance, capex, and market dynamics. - Some reference to demand volatility, postponement of projects (especially in wires) due to high price inflation. - Management emphasizes growth outlook and category-specific trends without quantitative order book disclosures.

V-Guard Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.9K Cr, net profit ₹112 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What V-Guard Industri's management said in earlier quarters

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Frequently Asked Questions

What were V-Guard Industries Ltd Q1 FY27 results?

V-Guard targets overall sales growth of around 15% annually as a medium-term target, with FY27 potentially exceeding this due to price growth and volume recovery. V-Guard targets overall revenue growth of around 15% annually, combining ~12% volume growth and 2-3% price growth in normal conditions.

What is V-Guard Industries Ltd share price analysis?

V-Guard Industries Ltd currently shows a below-average growth signal. The stock trades at a P/E of 33.0 with a market cap of ₹12,559 Cr. Investors should review the full earnings analysis for detailed insights.

Is V-Guard Industries Ltd planning capital expenditure?

Capex guidance is around INR 150-170 crores annually for the next two years, lower than the previous INR 2 to 2.5 billion guidance.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.