V-Guard Industries Q4 FY25 results (Jan–Mar 2025) and concall

V-Guard Industries delivered a robust Q4 FY25, achieving its highest ever quarterly revenue of ₹1,538 crores, a 14.5% YoY increase. This growth was broad-based across Electronics, Electricals, and Consumer Durables segments, despite a 24% degrowth in Sunflame. The company also saw significant margin expansion, with Q4 gross margin at 35.5% and full-year PAT growing 21.8% to ₹314 crores. Management expressed confidence in maintaining margins and targeting 14-15% top-line growth for FY26, while addressing challenges in the Sunflame business and seasonal demand volatility in South India.