V-Guard Industries Q4 profit rises 23% YoY; EBITDA margin improves

V-Guard Industries reported strong consolidated earnings for the quarter ended March 31, 2026, supported by healthy revenue growth and improved operational performance across segments.

Revenue from operations increased 14.12% year-on-year (YoY) to ₹1,755.27 crore from ₹1,538.08 crore in the corresponding quarter last year. Total income for the quarter stood at ₹1,762.89 crore compared to ₹1,542.58 crore a year ago.

Profit for the period rose 23.05% YoY to ₹112.13 crore from ₹91.13 crore reported in Q4 FY25.

At the operating level, EBITDA increased to ₹170.72 crore in the March quarter from ₹143.05 crore in the corresponding quarter last year, registering a growth of 19.35% YoY. EBITDA margin improved to 9.73% from 9.30% in the year-ago period.

Total expenses during the quarter rose to ₹1,615.66 crore from ₹1,424.36 crore, driven by higher raw material costs, employee expenses and other operational expenditure.

Finance costs stood at ₹3.01 crore compared to ₹2.55 crore a year ago, while depreciation and amortisation expenses increased to ₹28.10 crore from ₹26.78 crore.

Profit before tax came in at ₹147.23 crore against ₹118.22 crore in the corresponding quarter last year. Earnings per share (EPS) rose to ₹2.56 from ₹2.08 in Q4 FY25.

Segment-wise, the electricals business remained the largest contributor to revenue at ₹717.78 crore, followed by electronics at ₹498.27 crore and consumer durables at ₹426.11 crore during the quarter.

V-Guard Industries operates across electricals, electronics, consumer durables and kitchen appliances segments, with a strong presence in stabilisers, pumps, wires, switches and home appliances.

The company delivered steady growth during the March quarter, aided by broad-based demand across key product categories and improved operating leverage.