Below are Views On V-Guard Industries By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
V-Guard Industries is one of the leading FMEG..
Strong performance amid challenging scenario…
V-Guard saw a sharp demand recovery in Q2FY21 QoQ and managed to report revenues in line with base quarter of Q2F..
Muted performance continues
V-Guard posted flat revenue as CD recovery failed to live up to expectations, particularly after a strong show by its peers. Southern marke..
Delivery weaker than peers
* V-Guard reported in-line revenues but weaker than peers. Revenues were supported by 4% yoy growth in non-South markets, while South marke..
Non-south drags 2Q; miss on margin
V-Guard posted a disappointing set of numbers as the company clocked revenue/EBITDA decline of 42/87% YoY (HSIE expectation -45/-52%..
Profitability cushioned by significant cost savings…
V-Guard’s Q1FY21 performance was severely impacted by the lockdown, wherein topline, bottomline fell..
Weak operating print
* V-Guard posted better-than-estimated revenue growth on a faster recovery in southern India. Gross margins plunged 334bps yoy due to adverse pr..
* VGuard’s operational performance was weaker than expected due to inferior product mix and lower decline in employee costs.
* Revenues of Rs4.1bn..
Lockdown impacts severely…
The second half of March happens to be a strong revenue booking period for V-Guard due to significant offtake of summer based produc..
Miss on all fronts
V-Guard posted a weak show in 4QFY20 with revenue/EBITDA decline of 28/42% yoy. The revenue decline was broad based as Electrical/Electronic/CD segm..
* The stock has recently generated a breakout from the falling trendline joining highs since Jan’20 (Rs. 234) and is seen sustaining above..
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