ECONOMY

V-Guard Industries Q4 Review – Higher In-House Manufacturing To Be RoI Accretive: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Three highlights of V-Guard Industries Ltd.’s Q4 FY21 results:

1. Strong consumer off-take continued from Q3 FY21, 40% growth in e-commerce channel, price hikes of 5-10% across products and favorable base resulted in strong revenue growth of 58% YoY,

2. revenue growth in South India and Non-South India markets was 49.6% and 70.9%, respectively and

3. though input prices are inching upwards, selective price hikes as well as cost saving measures are expected to result in sustainable Ebitda margin of 10-10.5%.

Click on the attachment to read the full report:

ICICI Securiteis V Guard Industries Q4FY21 Results Update.pdf

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