450.5000 12.45 (2.84%)
NSE Jul 10, 2025 10:51 AM
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VIP Industries Ltd.
10 Nov 2020, 12:00AM
450.50
2.84%
ICICI Securities Limited
i) The management indicated that pandemic has the hit travel industry the hardest and may have pushed the luggage industry two to three years back (luggage being proxy play), ii) to minimise cash burn, VIP has significantly rationalised fixed overheads from | 40 crore/month to | 24 core/ month, iii) it will be cutting on advertising and marketing spends and has already shut down 100 (out of 250) non-profitable EBOs, iv) liquidation of existing inventory putting pressure on gross margins, v) Bangladesh manufacturing currently utilised for manufacturing masks (run rate: | 3 crore/month) to...
VIP Industries Ltd. is trading above all available SMAs
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