Press release for Board meeting

October 29, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai- 400 001 Bandra-East, Mumbai- 400 051 Scrip Code: 532953 Symbol: VGUARD Dear Sir/Madam, Sub: Press Release Please find enclosed herewith press release on the Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2026. We request you to kindly take the above information on record. Thanking You, Yours Sincerely, For V-Guard Industries Limited Vikas Kumar Tak Company Secretary & Compliance Officer Membership No. FCS 6618 Encl: As above V-GUARD INDUSTRIES LTD P . W +91 484 300 5000, 200 5000 Regd. Office: 42/962, mail@vguard.in Vennala High School Road, www.vguard.in Vennala, Kochi – 682 028. CIN: L31200KL1996PLC010010 V-Guard's Q2 FY 2026-27 Revenue grows by 38.2%; Profit after tax grows 71% V-Guard Industries Ltd., a leading Consumer Electricals and Electronics Company announced its unaudited financial results for the quarter and half year ended September 30, 2026. Q2 FY 2026-27 highlights: • Consolidated Net Revenue from operations for the quarter ended September 30, 2026 is Rs. 1852.89 crs; a growth of 38.2% over the revenue recorded in corresponding period of the previous year (Rs. 1340.92 crs). • Consolidated Profit After Tax for the quarter is Rs. 111.67 crs, a growth of 71% as against Rs. 65.29 crs recorded in corresponding period of the previous year. • Consolidated Net Revenue from operations for the six months ended September 30, 2026 is Rs. 3663.54 crs; a growth of 30.5% over the revenue recorded in corresponding period of the previous year (Rs. 2807 crs). • Consolidated Profit After Tax for the six months ended September 30, 2026 is Rs. 241.92 crs, a growth of 73.9% as against Rs. 139.14 crs in corresponding period of the previous year. Business Outlook: Commenting on the company's performance, Mr. Mithun. K. Chittilappilly, Chairman & Managing Director, V-Guard Industries Ltd said "The business delivered another quarter of robust and consistent performance with all segments delivering strong growth which was a combination of both price and healthy volume growth for most of the categories. The growth was driven by inherent resilience of the business, right focus and supportive market conditions. The West Asia crisis continues to pose margin challenges which are being mitigated through various actions. We continue to monitor the geo-political situation and will take appropriate actions necessary to protect supplies and margins. We are hopeful to deliver healthy growth in the upcoming quarters. 11 V-Guard Industries Ltd. Key highlights Q2 FY27 update 1 P&L Summary if in crores Particulars Q2 FY27 Q2 FY26 Change Net revenue (NR) 1852.89 1340.92 38.2% COGS 1216.87 837.10 45.4% Gross margin 34.3% 37.6% EBITDA excluding other income 167.93 109.26 53.7% as a% to NR 9.1% 8.1% Other income 13.65 4.91 178.0% EBITDA after other income 181.58 114.17 59.0% as a% to NR 9.8% 8.5% PBT 149.74 85.08 76.0% asa%toNR 8.1% 6.3% PAT 111.67 65.29 71.0% as a% to NR 6.0% 4.9% P&L Summary (excluding Sunflame) Particulars Q2 FY27 Q2 FY26 Change Net revenue (NR) 1779.63 1277.78 39.3% COGS 1171.13 799.90 46.4% Gross margin 34.2% 37.4% People costs 154.72 130.10 18.9% Other expenses 289.66 242.68 19.4% EBITDA excluding other income 164.12 105.10 56.2% as a% to NR 9.2% 8.2% Depreciation 26.88 25.02 7.4% Finance costs 2.83 2.12 33.5% Other income 13.40 4.58 192.6% EBITDA after other income 177.52 109.68 61.9% as a% to NR 10.0% 8.6% PBT 147.81 82.54 79.1% as a% to NR 8.3% 6.5% PAT 109.98 60.82 80.8% as a% to NR 6.2% 4.8% 2 South / Non-South growth Contribution Contribution Region QZ FY27 Q2 FY26 YoY growth (%) (%) South 1092.42 59.0% 723.69 54.0% 51.0% Non-South 760.47 41.0% 617.23 46.0% 23.2% Total revenue 1852.89 100% 1340.92 100% 38.2% 3 Segment wise analysis Contribution Contribution Products Q2 FY27 Q2 FY26 Change (%) (%) Segment revenue: Electronics 510.24 27.5% 319.07 23.8% 59.9% Electricals 794.25 42.9% 562.62 42.0% 41.2% Consumer Durables 475.22 25.7% 396.09 29.5% 20.0% Sunflame 76.08 4.1% 63.14 4.7% 20.5% Less : lntersegment Revenue -2.90 -0.2% . - - Total 1852.89 100% 1340.92 100% 38.2% Segment results: Electronics 81.43 42.5% 54.86 41.9% 48.4% Electricals 84.24 43.9% 65.01 49.7% 29.6% Consumer Durables 22.40 11.7% 6.91 5.3% 224.2% Sunflame 3.57 1.9% 4.13 3.1% -13.6% Total 191.64 100% 130.91 100% 46.4% Segment margins: Electronics 16.0% 17.2% -1.2% Electricals 10.6% 11.6% -1.0% Consumer Durables 4.7% 1.7% 3.0% Sunflame 4.7% 6.5% -1.8% Total 10.3% 9.8% 0.5% 4 Other financial highlights QZ FY27 Q2 FY26 Debtor days 21 28 Inventory days 108 102 Creditor days 88 62 Working capital days 41 68 RoE 16.0% 13.3% RoCE 19.6% 16.4% Core RoCE (excl. cash) 23.4% 16.7% Based on trailing twelve months Hl FY27 update 5 P&L Summary !{ in crores Particulars Hl FY27 Hl FY26 Change Net revenue (NR) 3663.54 2807.00 30.5% COGS 2359.69 1762.51 33.9% Gross margin 35.6% 37.2% EBITDA excluding other income 358.89 232.85 54.1% as a% to NR 9.8% 8.3% Other income 25.33 10.16 149.3% EBITDA after other income 384.22 243.01 58.1% as a% to NR 10.5% 8.7% PBT 321.61 183.34 75.4% as a% to NR 8.8% 6.5% PAT 241.92 139.14 73.9% as a% to NR 6.6% 5.0% P&L Summary (excluding Sunflame) Particulars Hl FY27 Hl FY26 Change Net revenue (NR) 3524.91 2688.35 31.1% COGS 2272.45 1692.32 34.3% Gross margin 35.5% 37.0% People costs 314.30 264.43 18.9% Other expenses 585.75 505.19 15.9% EBITDA excluding other income 352.41 226.41 55.7% asa%toNR 10.0% 8.4% Depreciation 52.63 49.52 6.3% Finance costs 5.89 6.36 -7.4% Other income 24.83 9.49 161.6% EBITDA after other income 377.24 235.90 59.9% as a% to NR 10.7% 8.8% PBT 318.72 180.02 77.0% as a% to NR 9.0% 6.7% PAT 239.75 136.65 75.4% asa%toNR 6.8% 5.1% 6 South / Non-south growth Contribution Contribution Region Hl FY27 Hl FY26 YoY growth South 2066.53 56.4% 1486.61 53.0% 39.0% Non-south 1597.01 43.6% 1320.39 47".0% 20.9% Total revenue 3663.54 100% 2807.00 100% 30.5% 7 Segment wise analysis Contribution Contribution Products Hl FY27 Hl FY26 Change Segment revenue: Electronics 1168.70 31.9% 855.36 30.5% 36.6% Electricals 1464.37 40.0% 1087.32 38.7% 34.7% Consumer Durables 891.93 24.3% 745.67 26.6% 19.6% Sunflame 141.77 3.9% 118.65 4.2% 19.5% Less: lntersegment Revenue -3.23 -0.1% Total 3663.54 100% 2807.00 100% 30.5% Segment results: Electronics 212.13 51.7% 159.73 57.4% 32.8% Electricals 154.88 37.7% 112.38 40.4% 37.8% Consumer Durables 37.32 9.1% -0.26 -0.1% - Sunflame 6.19 1.5% 6.56 2.3% -5.6% Total 410.52 100% 278.41 100% 47.5% Segment margins: Electronics 18.2% 18.7% -0.5% Electricals 10.6% 10.3% 0.3% Consumer Durables 4.2% 0.0% 4.2% Sunflame 4.4% 5.5% -1.1% Total 11.2% 9.9% 1.3%