V-Guard Industries Limited

rs,

October 31, 2023 The Manager, Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 532953 Dear Sir/Madam, The Manager, Listing Depart

Rs. 1,134 crore

e consumer durables thereby impacting topline growth. We have reported consolidated Net revenues of Rs. 1,134 crore in Q2, higher by 14.9% on a year-on-year basis. Excluding the revenues from Sunflame, like-for-like

14.9%

ting topline growth. We have reported consolidated Net revenues of Rs. 1,134 crore in Q2, higher by 14.9% on a year-on-year basis. Excluding the revenues from Sunflame, like-for-like revenue growth is 8.7%

8.7%

4.9% on a year-on-year basis. Excluding the revenues from Sunflame, like-for-like revenue growth is 8.7% YoY. The Electronics segment continues to lead the growth with revenues rising 12.1% year-on-year

12.1%

enue growth is 8.7% YoY. The Electronics segment continues to lead the growth with revenues rising 12.1% year-on-year followed by Electricals where revenues were higher by 9.6% year-on-year. While Consume

9.6%

rowth with revenues rising 12.1% year-on-year followed by Electricals where revenues were higher by 9.6% year-on-year. While Consumer Durables growth has slowed to 5.1% year-on-year, we continue to make p

5.1%

icals where revenues were higher by 9.6% year-on-year. While Consumer Durables growth has slowed to 5.1% year-on-year, we continue to make progress towards achieving scale in key Durable categories. In Q

6.7%

o make progress towards achieving scale in key Durable categories. In Q2, the South market grew by 6.7% YoY while the Non-South markets grew by 11.3% YoY. As Non-South markets continue to grow in double

11.3%

y Durable categories. In Q2, the South market grew by 6.7% YoY while the Non-South markets grew by 11.3% YoY. As Non-South markets continue to grow in double digits, their contribution to revenues has inc

43.8%

on-South markets continue to grow in double digits, their contribution to revenues has increased to 43.8%, indicating the enhanced scale for V-Guard across all regions of the country. Continued softening

Rs. 1,133.75 crore

– Q2 FY24 Revenue increased by 14.9% YoY in Q2 FY24 • Q2 FY24 revenue increased by 14.9% YoY to Rs. 1,133.75 crore • South markets witnessed a YoY growth of 6.7% whereas Non-South markets grew by 11.3% in Q2 FY24 •

42.7%

.3% in Q2 FY24 • Non-South markets contributed to 43.8% of total revenues in Q2 FY24 as compared to 42.7% in Q2 FY23 EBITDA performance and PAT • Gross margin expanded by 450 bps YoY, at 33.8% in Q2 FY24