V-Guard Industries Reports 4% Rise in Q2 Net Profit, Revenue Grows 3.6%

Consumer Products

29th October 2025, 9:28 AM

V-Guard Industries Reports 4% Rise in Q2 Net Profit, Revenue Grows 3.6%

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Stocks Mentioned :

V-Guard Industries Ltd

Short Description :

V-Guard Industries reported a net profit of ₹65 crore for the July-September quarter, a 4% increase year-on-year. Revenue grew by 3.6% to ₹1,341 crore. For the first half of FY26, revenue was ₹2,807 crore, up 1.3%, but profit after tax fell 14.3% to ₹139.1 crore. Managing Director Mithun K Chittilappilly noted modest growth across segments despite challenges like heavy rainfall and weak consumer sentiment, expressing optimism for demand improvement following GST reforms.

Detailed Coverage :

V-Guard Industries announced its financial results for the second quarter ended September 30, 2024. The company posted a net profit of ₹65 crore, marking a 4% increase compared to the same period last year. Consolidated revenue saw a rise of 3.6%, reaching ₹1,341 crore. However, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a marginal dip of 1%, from ₹110 crore to ₹109 crore, causing profit margins to slightly decrease to 8.2% from 8.5%.

For the first half of the current fiscal year (FY26), V-Guard Industries reported a consolidated revenue of ₹2,807 crore, an increase of 1.3% year-on-year. Profit after tax for this period declined by 14.3% to ₹139.1 crore.

Mithun K Chittilappilly, Managing Director of V-Guard Industries, commented that the second quarter experienced "modest growth across segments." He attributed the performance to several headwinds, including higher-than-average rainfall, subdued consumer sentiment, and disruptions related to Goods and Services Tax (GST) transition. Chittilappilly also highlighted an improvement in gross margins and expressed positivity regarding the GST 2.0 reforms, expecting them to simplify the tax structure and boost consumption. He anticipates that these factors will lead to a visible improvement in demand in the upcoming quarters.

Impact: This news directly affects V-Guard Industries and provides insights into the consumer durables sector's performance in India. The results may influence investor sentiment towards the company and its peers, reflecting their ability to navigate economic challenges and capitalize on policy changes like GST reforms. Rating: 5/10

Heading: Difficult Terms and Their Meanings EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. This metric shows a company's operational profitability before accounting for financing, taxes, and non-cash expenses. Profit Margins: The percentage of revenue that remains after deducting all costs. Higher margins indicate better profitability. GST transition-related disruptions: Temporary problems or difficulties encountered when adapting to new tax regulations, such as the Goods and Services Tax. Consumption: The total amount of goods and services that consumers buy and use.