V-Guard Industries Ltd
V-Guard Industries Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets ₹9,000 to ₹10,000 crores in sales over the next 5 years, implying a ~15% CAGR. The company aims for double-digit EBITDA margins within two years, dependent on raw material inflation normalizing.
From V-Guard Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets ₹9,000 to ₹10,000 crores in sales over the next 5 years, implying a ~15% CAGR.
- At this level, they expect at least six categories to cross ₹1,000 crores each with double-digit margins.
- Growth is expected from categories like Stabilizers, Fans, Inverters, Batteries, Solar Rooftops, and Kitchen Appliances.
- Volume growth could be challenged in Wires due to significant price hikes (~30%), but stable for other categories.
- Summer-related categories like Fans and Stabilizers may see strong rebounds supported by warm weather.
- Solar Pumps business is being scaled up with initial orders already received.
2 more points management made on revenue & sales performance
Profitability & Margins
See what V-Guard Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Key ongoing capex projects include the fan manufacturing facility and the second battery facility, both located in Hyderabad.
- These projects aim to increase the share of in-house manufacturing.
- The company is making strategic investments to scale up newer businesses such as Solar Pumps, with initial orders already in process and plans to meaningfully expand in the next 12-18 months.
- V-Guard is also investing in product refreshment and sales system integration, particularly in Kitchen Appliances (post Sunflame integration) and Modular Switches, to accelerate growth.
2 more points management made on capital expenditure plans
Top-ranked in Consumer Durables
Ranked on what management guided this quarter
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
2 more points management made on order book & pipeline
V-Guard Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹95 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 Q3 FY26 results?
The company targets ₹9,000 to ₹10,000 crores in sales over the next 5 years, implying a ~15% CAGR. The company aims for double-digit EBITDA margins within two years, dependent on raw material inflation normalizing.
What is V-Guard Industries Ltd share price analysis?
V-Guard Industries Ltd currently shows a neutral. The stock trades at a P/E of 35.7 with a market cap of ₹13,555 Cr. Investors should review the full earnings analysis for detailed insights.
Is V-Guard Industries Ltd planning capital expenditure?
Key ongoing capex projects include the fan manufacturing facility and the second battery facility, both located in Hyderabad.
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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.