V I P Industries Ltd
NSE:VIPIND

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V I P Industries Ltd Logo
V I P Industries Ltd
NSE:VIPIND
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Price: 453.95 INR -2.08% Market Closed
Market Cap: 64.5B INR

V I P Industries Ltd
Investor Relations

V.I.P.Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The company is headquartered in Mumbai, Maharashtra and currently employs 1,286 full-time employees. The firm is engaged in the business of manufacturing and marketing luggage, bags and accessories. The firm's products include upright trolley cases, duffel bags, soft uprights, school bags, rucksacks, backpacks, laptop bags and daily essentials, ladies handbags, vanity cases, hard suitcases, briefcases and others. The firm has a range of brands across luggage categories. The company also manufactures plastic luggage. The plastics used are polypropylene and polycarbonate. The firm's brands include VIP Bags, Carlton, Skybags, Aristocrat, Alfa and Caprese. The firm has manufacturing facilities at various locations across India. The firm has five wholly owned subsidiaries, Blow Plast Retail Limited, VIP Industries Bangladesh Private Limited, VIP Industries BD Manufacturing Private Limited, VIP Luggage BD Private Limited and VIP Accessories BD Private Limited.

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Earnings Calls

2025 Q2
Oct 24, 2024
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VIP Industries Sees Volume Growth Amidst Margin Pressure
2025 Q2
Oct 24, 2024

In the latest earnings call, VIP Industries reported an 18% volume growth in Q2, though revenue growth remained flat due to competitive pricing pressures from e-commerce. Market share has improved to 40%, but gross margins are under stress, predicted to stabilize around 50% by Q4. The company aims for a 12% EBITDA margin in the same quarter. Ongoing inventory reduction efforts are expected to result in a decrease from INR 700 crore to around INR 500 crore, prioritizing profitability over market share gains. Initiatives to enhance premium product offerings will contribute positively, with anticipated financial improvements starting in Q3.

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Management

Ms. Neetu Kashiramka
MD & Executive Director
No Bio Available
Ms. Radhika Dilip Piramal
Executive Vice Chairperson
No Bio Available
Mr. Manish Desai
Chief Financial Officer
No Bio Available
Mr. Ashish Kumar Saha
Executive Director & SVP of India Manufacturing & New Projects
No Bio Available
Mr. Ashitosh Kamlesh Sheth
Company Secretary & Compliance Officer
No Bio Available
Mr. Praful Gupta
Vice President of Sales & CRM
No Bio Available
Dipti Shah
Vice President of Marketing
No Bio Available
Akash Shukla
Vice President of Human Resources
No Bio Available
Mr. Anjan Mohanty
Chief Executive Officer - Bangladesh
No Bio Available
Mr. Manish Vig
Channel Head of Retail
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
DGP House, 4th Floor, P.O. Box 9120, 88 C, Old Prabhadevi Road
Contacts
+912256539000
vipindustries.co.in