V-Guard Industries Limited (VGUARD) Financial Results — Revenue ₹1,755.27 Cr

📢 Key Event
V-Guard reported Q4 FY26 revenue of ₹1,755.27 crore, up 14.1% YoY, with PAT at ₹112.13 crore, up 23.0% YoY.

🔄 What Changed
Revenue grew 14.1% YoY to ₹1,755.27 crore in Q4 FY26; PAT rose 23.0% YoY to ₹112.13 crore; net cash increased to ₹231.16 crore from ₹63.83 crore YoY; gross margin contracted 20 bps to 35.3%; ad/promotional spends fell to 1.8% of revenue.

🔮 What's Next
The company expressed hope for a strong start to FY27, citing indications of a supportive summer and continued monitoring of West Asia-related commodity inflation and supply disruptions.

💡 Investor Takeaway
The company delivered strong top-line growth and profitability expansion, but PAT declined slightly due to a one-time labor cost charge, while cash reserves improved significantly.

V-Guard Industries reported consolidated revenue of ₹1,755.27 crore for Q4 FY26, up 14.1% YoY, driven by 16.2% growth in South markets and 11.8% growth in Non-South markets. Full-year FY26 revenue reached ₹5,965.78 crore, a 7.0% increase, with PAT at ₹308.33 crore, down 1.7% YoY due to a ₹22.11 crore exceptional item from new Labour Code assessments. The company recommended a final dividend of ₹1.50 per share and highlighted strong cash generation, with net cash at ₹231.16 crore as of March 31, 2026.

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