V-Guard Q1 Results | Net profit falls 25% to ₹74 crore; board approves foray into lighting business

Consumer electrical and electronics appliances maker, V-Guard Industries Ltd, on Tuesday (July 29), reported a 25.2% year-on-year (YoY) decline in net profit at ₹74 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, V-Guard Industries posted a net profit of ₹99 crore.The company’s revenue from operations dipped 0.7% to ₹1,466 crore as against ₹1,477 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA fell 20.6% to ₹123.6 crore in the first quarter of this fiscal over ₹155.6 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 8.43% in the reporting quarter as compared to 10.53% in the corresponding period in the previous fiscal.
Also Read: V-Guard Q4 Results: Profit up 20% YoY, eyes new launches in FY26; dividend declaredV-Guard’s board of directors has approved the company’s entry into the lighting business. This strategic move is aimed at expanding and diversifying V-Guard’s overall business operations. The lighting segment is expected to complement the company’s existing electricals and consumer durables segments, thereby enhancing the breadth of its product portfolio.
The company plans to launch lighting products in select markets initially and will determine the level of investment based on the response from these markets. The final investment will be influenced by various factors, including the scale of business, operational requirements, and other external conditions.Separately, the board has granted in-principle approval for the merger of Sunflame Enterprises Private Limited, a wholly-owned subsidiary and related party of the company, with V-Guard. Sunflame is engaged in the manufacturing and trading of kitchen appliances and recorded a turnover of ₹254.39 crore and a profit after tax of ₹3.29 crore in FY 2024-25.

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The proposed merger is intended to leverage synergies between Sunflame and the parent company. It is also expected to facilitate optimal utilisation of resources, including access to R&D capabilities, technical expertise, quality systems, and product enhancement opportunities.

Mithun K Chittilappilly, Managing Director, V-Guard Industries, said, “Topline growth for the first quarter of FY26 was subdued due to a weak summer season and last year’s high base. Electronics and electricals segments registered moderate growth, while the durables segment declined due to lower demand for summer categories. Gross margins continue to remain healthy.”

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