V-Guard Q3 FY26 Revenue Rises 10.6% Despite One-Time Labour Code Impact on Profit

V-Guard Q3 FY26 Revenue Rises 10.6% Despite One-Time Labour Code Impact on Profit

V-Guard Industries Reports 10.6% Revenue Growth in Q3 FY26; Profit Impacted by One-Time Labour Code Charge

Kochi, Feb 05: V-Guard Industries Ltd., a leading Consumer Electricals and Electronics company, announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025.

Q3 FY 2025–26 Highlights

• Consolidated Net Revenue from Operations stood at ₹1,403.51 crore, registering a 10.6% year-on-year growth compared to ₹1,268.65 crore in Q3 FY25.

• Consolidated Profit After Tax (PAT) for the quarter was ₹57.06 crore, reflecting a 5.2% decline from ₹60.22 crore in the corresponding period last year.

• The decline in reported PAT was primarily due to a one-time exceptional charge of ₹22.11 crore related to the reassessment of employee benefit obligations under the New Labour Codes.

• Underlying PAT (excluding the exceptional item) grew by a healthy 22.3% year-on-year, indicating strong operational performance.

Nine Months Ended December 31, 2025

• Consolidated Net Revenue from Operations for the nine-month period was ₹4,210.51 crore, up 4.2% from ₹4,039.74 crore in the same period last year.

• Consolidated PAT stood at ₹196.20 crore, compared to ₹222.58 crore in the corresponding period of the previous year, reflecting an 11.9% decline, largely due to the exceptional labour code-related impact.

Management Commentary

Commenting on the performance, Mr. Mithun K. Chittilappilly, Managing Director, V-Guard Industries Ltd, said:

“The business delivered double-digit growth in the third quarter, primarily driven by strong volume growth in the electrical segment, which also witnessed commodity price inflation.

In light of the notification issued by the Ministry of Labour and Employment on the New Labour Codes, the Company reassessed its employee benefit obligations and recognised an incremental charge of ₹22.11 crore as an exceptional item during the quarter.

Overall margins remain resilient, and as we approach the upcoming summer season, we are optimistic about delivering strong results going forward.”

Outlook

V-Guard continues to focus on driving volume-led growth, managing cost pressures effectively, and leveraging seasonal demand, particularly in its electrical and consumer durable segments. The Company remains confident of sustaining momentum in the coming quarters.