Apparels & Accessories company VIP Industries announced Q1FY27 results Consolidated Financial Highlights: Total Income for Q1FY27 stood at Rs 582.43 crore, representing a growth of 32.39% QoQ from Rs 439.95 crore in Q4FY26 and an increase of 2.89% YoY compared to Rs 566.05 crore in Q1FY26. Revenue from operations for Q1FY27 was Rs 578.36 crore, showing a significant increase of 32.58% QoQ from Rs 436.23 crore in Q4FY26 and a growth of 3.02% YoY from Rs 561.43 crore in Q1FY26. The Group reported a Net Loss of Rs 53.56 crore in Q1FY27, which is a narrowing of loss by 58.45% QoQ compared to a Net Loss of Rs 128.90 crore in Q4FY26, but a widening of loss from Rs 13.10 crore in Q1FY26. Loss before Tax for Q1FY27 was Rs 54.65 crore, compared to a loss of Rs 128.80 crore in Q4FY26 and a loss of Rs 17.05 crore in Q1FY26. Total Comprehensive Loss for the period Q1FY27 was Rs 53.10 crore, as against a loss of Rs 126.10 crore in Q4FY26 and a loss of Rs 13.94 crore in Q1FY26. Basic and Diluted Earnings Per Share (EPS) for Q1FY27 stood at Rs (3.77), compared to Rs (9.07) in Q4FY26 and Rs (0.92) in Q1FY26. Standalone Financial Highlights: Total Income for Q1FY27 was Rs 574.63 crore, an increase of 31.68% QoQ from Rs 436.40 crore in Q4FY26 and a growth of 1.39% YoY compared to Rs 566.78 crore in Q1FY26. Revenue from operations for Q1FY27 stood at Rs 569.52 crore, up 32.26% QoQ from Rs 430.61 crore in Q4FY26 and an increase of 1.50% YoY from Rs 561.12 crore in Q1FY26. The Company reported a Standalone Net Loss of Rs 59.48 crore in Q1FY27, narrowing by 58.21% QoQ from a loss of Rs 142.33 crore in Q4FY26, and widening from a loss of Rs 23.33 crore in Q1FY26. Loss before Tax for Q1FY27 was Rs 59.12 crore, against a loss of Rs 139.18 crore in Q4FY26 and a loss of Rs 30.98 crore in Q1FY26. Total Comprehensive Loss for Q1FY27 was Rs 59.06 crore, compared to a loss of Rs 144.46 crore in Q4FY26 and a loss of Rs 23.58 crore in Q1FY26. Basic and Diluted EPS for Q1FY27 was Rs (4.19), versus Rs (10.02) in Q4FY26 and Rs (1.64) in Q1FY26. Business Highlights Inventory Provision Reversal: The consolidated results for Q1FY27 include a reversal of inventory provision aggregating to Rs 12.31 crore. Previously, a provision of Rs 122.66 crore was accrued during the year ended March 31, 2026. Bangladesh Operations: The consolidated results include four subsidiaries located in Bangladesh. For Q1FY27, these entities collectively reflected total revenues of Rs 117.68 crore, with a total net profit after tax of Rs 5.47 crore and a total comprehensive income of Rs 5.30 crore. Sale of Non-Core Assets: The Company completed the sale of remaining non-core assets (Property, Plant and Equipment and Investment Properties) in July 2026 for a gross consideration of Rs 51.18 crore. Employee Stock Appreciation Rights (ESARP 2018): During Q1FY27, the Company granted 1,20,000 stock appreciation rights to eligible employees, resulting in a net expense of Rs 0.09 crore. Corporate Restructuring: A Composite Scheme of Arrangement to demerge the Consumer Products Business into HHIL Limited and amalgamate the remaining company into Hindware Limited is pending final NCLT sanction and other statutory approvals. Legal Matters: A commercial suit for Rs 6.41 crore filed by a Chinese company is being defended; no provision has been made. The dispute regarding usage rights for the "Carlton" brand in India is currently sub judice before the Delhi High Court. The Company has sold its existing inventory under the brand as per interim relief and is currently not manufacturing new inventory under this mark in India. Result PDF
Apparels & Accessories company VIP Industries announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: In Q4FY26, revenue from operations stood at Rs 436.23 crore, representing a decrease of 3.94% QoQ from Rs 454.13 crore in Q3FY26 and a decline of 11.73% YoY from Rs 494.21 crore in Q4FY25. For the full year FY26, consolidated revenue was Rs 1,858.13 crore compared to Rs 2,178.43 crore in FY25, a YoY decline of 14.70%. Total Income: The total consolidated income for Q4FY26 was Rs 439.95 crore. For the full year FY26, it reached Rs 1,880.49 crore compared to Rs 2,189.35 crore in FY25. Net Profit/Loss: The company reported a consolidated Net Loss of Rs (128.90) crore in Q4FY26, compared to a loss of Rs (52.87) crore in Q3FY26 and a loss of Rs (27.36) crore in Q4FY25. For the full year FY26, the consolidated Net Loss stood at Rs (338.01) crore against a loss of Rs (68.79) crore in FY25. Profit/Loss Before Tax: Profit before tax for Q4FY26 was a loss of Rs (128.80) crore. For the full year FY26, the loss before tax was Rs (338.02) crore compared to a loss of Rs (91.22) crore in FY25. Exceptional Items: The company recorded an exceptional income of Rs 78.18 crore for FY26, which included gains from the sale of non-core assets (Rs 63.53 crore) and insurance claims for property and inventory destroyed by fire. Earnings Per Share (EPS): Basic and Diluted EPS for Q4FY26 stood at Rs (9.07). For the full year FY26, the EPS was Rs (23.79) compared to Rs (4.84) in FY25. Standalone Financial Highlights Revenue from Operations: Standalone revenue for Q4FY26 was Rs 430.61 crore, showing a decline of 4.98% QoQ from Rs 453.17 crore and a decline of 11.78% YoY from Rs 488.13 crore. For the full year FY26, standalone revenue was Rs 1,849.09 crore compared to Rs 2,169.66 crore in FY25. Total Income: Standalone total income for Q4FY26 was Rs 436.40 crore. For the full year FY26, it was Rs 1,879.05 crore. Net Profit/Loss: The standalone Net Loss for Q4FY26 was Rs (142.33) crore, compared to a loss of Rs (38.19) crore in Q3FY26 and Rs (30.51) crore in Q4FY25. For the full year FY26, the standalone Net Loss was Rs (342.88) crore compared to a loss of Rs (81.40) crore in FY25. Business Highlights Inventory & Debt Reduction: The company achieved ~Rs 230 crore of inventory reduction and ~Rs 70 crore of Net Debt reduction since March 2025. Net Debt decreased from Rs 367 crore in Q4FY25 to Rs 295 crore in Q4FY26. Balance Sheet Cleanup: Net inventory was normalized to ~75 days as of March 2026, standing at Rs 472 crore compared to Rs 698 crore in Q4FY25. Channel Optimization: All channels reached optimal levels at <60 days of inventory (down from 90+ days in September 2025). Liquidation support of Rs 40-50 crore was provided to the channel. Brand & Product Roadmap: The brand architecture was finalized with a 25-30% reduction in SKU count in the portfolio. Over 65 new products were launched across various categories. Segment Performance: The company operates in a single segment, which is the "Manufacturing and marketing of luggage and bags." Operational Updates: Q4 Bangladesh operations reported an EBITDA of Rs 9 crore. The company is currently undergoing vendor and warehouse consolidation. Offline Channel Turnaround: De-growth in the offline channel (including Caprese) was successfully arrested, moving from -11% in H1FY26 to -3% in H2FY26. Early Growth Signals: Early signals from April 2026 showed a >30% YoY increase in retailers billed and a >35% YoY increase in General Trade secondary sales. Change in Control: Multiples Private Equity Fund acquired control and were classified as 'Promoters' of the company effective September 23, 2025. Auditor Appointment: The Board has recommended the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditors for a term of 5 years. Result PDF
Apparels & Accessories company VIP Industries announced Q3FY26 results Revenue from operations: Rs 454.13 crore against Rs 501.07 crore during Q3FY25, change -9%. PBT: Rs -50.24 crore against Rs -16.69 crore during Q3FY25, change -201%. PAT: Rs -52.87 crore against Rs -12.42 crore during Q3FY25, change -326%. EPS: Rs -3.72 for Q3FY26. Result PDF