India's V Guard Industries gains as quarterly profit jumps; Centrum trims PT, estimates

V Guard Industries

13/05/2026 06:09

** Shares of India's V Guard Industries VGUA.NS jump as much as 2.63% to 329.70 rupees; last up 0.45%

** Consumer electricals firm's quarterly profit jumped 23% y/y to 1.12 billion rupees ($11.71 million) on strong demand

** Revenue from operations rose 14.1%; total expenses jumped 13.4% y/y

** Centrum cuts target price by 3.5% to 410 rupees; trims EPS estimates by 4% each for FY27 and FY28

** Sees FY27 growth improving on favourable base, higher realization from price hikes

** Expects 16% revenue and 29% EPS CAGR over FY26-FY28, aided by margin gains

** YTD, stock down ~1.8%

($1 = 95.6625 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))