V I P Industries Ltd

Revenue from operations declined 11.7% year on year (YoY) to Rs 436.23 crore in the quarter ended 31 March 2026. The company reported a loss before exceptional items and tax of Rs 129.33 crore in Q4 FY26, compared with a loss of Rs 36.88 crore in Q4 FY25. During the quarter, it recorded an exceptional item of Rs 0.53 crore towards an insurance claim receipt related to the loss of property, plant, and equipment and inventories destroyed in a fire at the company's regional warehouse in Guwahati on May 17, 2025. Total expenses rose 6.43% YoY to Rs 569.28 crore during the quarter. Finance costs stood at Rs 20.12 crore, up 19.19% YoY, while the cost of materials consumed stood at Rs 212.61 crore, up 5.94% YoY. On a standalone basis, the company reported a net loss of Rs 142.33 crore in Q4 FY26 as against a net loss of Rs 30.51 crore posted in Q4 FY25. Revenue from operations fell 11.8% year on year to Rs 430.61 crore in Q4 FY26. The company said inventory levels across channels have reduced to below 60 days from over 90 days in September 2025. The management indicated that no incremental provisions are expected going forward. It further said that the restructuring undertaken during FY26 is expected to support a return to growth in FY27, with a phased recovery of market share and stronger growth momentum targeted from FY28 onwards. VIP Industries is the leading manufacturer of hard and soft luggage in Asia.Powered by Capital Market - Live

Net Loss of V I P Industries reported to Rs 128.90 crore in the quarter ended March 2026 as against net loss of Rs 27.36 crore during the previous quarter ended March 2025. Sales declined 11.73% to Rs 436.23 crore in the quarter ended March 2026 as against Rs 494.21 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 338.01 crore in the year ended March 2026 as against net loss of Rs 68.79 crore during the previous year ended March 2025. Sales declined 14.70% to Rs 1858.13 crore in the year ended March 2026 as against Rs 2178.43 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales436.23494.21 -12 1858.132178.43 -15 OPM %-18.841.32 --12.973.78 - PBDT-98.60-6.59 -1396 -288.9120.01 PL PBT-129.33-36.88 -251 -416.20-99.05 -320 NP-128.90-27.36 -371 -338.01-68.79 -391 Powered by Capital Market - Live

VIP Industries will hold a meeting of the Board of Directors of the Company on 15 May 2026.

Poddar, a Chartered Accountant with over 20 years of experience across retail, manufacturing, and e-commerce sectors, brings expertise in financial management, strategy, internal controls, ERP implementation, digital transformation, and treasury management. He previously served as Group Controller at Reliance Retail Ventures and CFO of Reliance Jewels at Reliance Retail, leading finance transformation initiatives, M&A, governance, and statutory compliance. He has also held senior finance roles at Alstom Transport India and Titan Company. The appointment follows the relinquishment of the CFO and KMP role by Manish Desai, effective 10 March 2026. Desai will continue with the company in a new role within the organisation, and the company acknowledged his contributions and placed on record its appreciation for his services. There are no relationships between Mr. Poddar and the company's directors. VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories. The company reported consolidated net loss of Rs 121.48 crore in Q3 FY26 as against net loss of Rs 12.42 crore in Q3 FY25. Revenue from operations declined 9.4% year on year to Rs 454.13 crore in Q3 FY26. Shares of VIP Industries shed 0.18% to Rs 366.40 on the BSE.Powered by Capital Market - Live

Net Loss of V I P Industries reported to Rs 52.87 crore in the quarter ended December 2025 as against net loss of Rs 12.42 crore during the previous quarter ended December 2024. Sales declined 9.37% to Rs 454.13 crore in the quarter ended December 2025 as against Rs 501.07 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales454.13501.07 -9 OPM %-16.925.71 - PBDT-89.5013.34 PL PBT-121.48-16.69 -628 NP-52.87-12.42 -326 Powered by Capital Market - Live

VIP Industries has postponed the meeting of the Board of Directors which was scheduled to be held on 12 February 2026. The meeting will now be held on 14 February 2026.Powered by Capital Market - Live

VIP Industries will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

V I P Industries has received revision in credit ratings from CRISIL as under: Total bank facilities rated - Rs 424 crore Long term rating - CRISIL A+/ Negative (downgraded from CRISIL AA-/ Negative) Short term rating - CRISIL A1 (downgraded from CRISIL A1+) Powered by Capital Market - Live

Net Loss of V I P Industries reported to Rs 143.14 crore in the quarter ended September 2025 as against net loss of Rs 33.05 crore during the previous quarter ended September 2024. Sales declined 25.34% to Rs 406.34 crore in the quarter ended September 2025 as against Rs 544.26 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales406.34544.26 -25 OPM %-26.18-0.40 - PBDT-113.26-19.64 -477 PBT-146.25-49.19 -197 NP-143.14-33.05 -333 Powered by Capital Market - Live

VIP Industries will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live