ICICI Direct: V-Guard Delivers Strong Q2 Performance Amid Challenging Scenario  
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ICICI Direct: V-Guard Delivers Strong Q2 Performance Amid Challenging Scenario  

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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.

ICICI Direct Report

V-Guard Industries Ltd. saw a sharp demand recovery in Q2 FY21 QoQ and managed to report revenues in line with base quarter of Q2 FY20.

The non-south regions (approximately 39% of topline) revenue increased 4% YoY led by strong demand recovery in the north and western markets.

However, southern region (approximately 61% of topline) witnessed a revenue decline of 3% YoY mainly due to intermittent lockdown in Kerala (approximately 22% of total topline).

Click on the attachment to read the full report:

ICICI Direct V-Guard Industries Q2FY21 Result Update.pdf

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