V-Guard Q2 profit rises 4%, management sees demand revival post GST reforms
Published on 29/10/2025 02:43 PM
V-Guard Q2 profit rises 4%, management sees demand revival post GST reformsV-Guard Industries reported a 4% rise in Q2 profit, supported by margin gains despite weak demand and heavy rains. The company expects GST 2.0 reforms to revive consumption in coming quarters.By Sheersh Kapoor October 29, 2025, 2:43:17 PM IST (Published)1 Min ReadV-Guard Industries Ltd reported a 4% year-on-year rise in net profit at ₹65 crore for the July–September quarter, while revenue grew 3.6% to ₹1,341 crore.
EBITDA stood at ₹109 crore, down 1% from ₹110 crore in the same quarter last year, with margins moderating slightly to 8.2% from 8.5%.
For the first half of FY26, the company’s consolidated revenue stood at ₹2,807 crore, up 1.3% year-on-year, while profit after tax declined 14.3% to ₹139.1 crore.
Mithun K Chittilappilly, Managing Director of V-Guard Industries, said the second quarter saw “modest growth across segments” amid headwinds including higher-than-average rainfall, weak consumer sentiment and GST transition-related disruptions.
“Gross margins improved further during the quarter. Reforms introduced as part of GST 2.0 are a welcome step towards simplifying the tax structure and boosting consumption. We expect the improvement in demand to start reflecting in the coming quarters,” he added.
As of 2:32 PM, shares of V-Guard Industries were trading 1% higher at ₹381.50 on the NSE after hitting an intraday high of ₹384.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsearningsshare market todayV-GuardV-Guard Industries