V-Guard Q3 revenue rises 10.6% to Rs 1,403.51 crore; profit slips on one-time labour code impact

V-Guard Industries Ltd, a leading consumer electricals and electronics company has announced its unaudited financial results for the quarter ended December 31, 2025, reporting steady revenue growth despite pressure on profitability due to a one-time exceptional expense. The company’s consolidated net revenue from operations for the third quarter of FY 2025–26 stood at ₹1,403.51 crore, registering a year-on-year growth of 10.6 per cent compared to ₹1,268.65 crore in the same quarter last year. However, consolidated profit after tax (PAT) declined by 5.2 per cent to ₹57.06 crore from ₹60.22 crore a year ago, mainly due to an exceptional charge linked to the new labour codes.

For the nine-month period ended December 31, 2025, V-Guard reported consolidated revenue of ₹4,210.51 crore, up 4.2 per cent year-on-year, while PAT fell 11.9 per cent to ₹196.20 crore. Commenting on the performance, Mithun K. Chittilappilly, Managing Director of V-Guard Industries Ltd, said growth in the quarter was driven largely by strong volume performance in the electrical segment, even as commodity prices remained elevated. He added that an incremental charge of ₹22.11 crore was recognised following a reassessment of employee benefit obligations after a notification from the Ministry of Labour and Employment on the new labour codes.

In Kolkata,  company officials indicated that demand across eastern India remained stable during the quarter, with steady traction seen in electrical products through retail and distribution channels in and around Kolkata. The region is expected to witness improved demand in the coming months, particularly ahead of the summer season, in line with the company’s outlook for resilient margins and stronger performance.