V.I.P. Industries Reports Revenue Decline and Volume Drop in Q1 FY26 3 days ago
VIP Industries faced a challenging Q1 FY26 with consolidated revenues dropping 12% to Rs. 561.00 crores and an 8% decrease in sales volume. The company reported a loss before tax of Rs. 17.00 crores, compared to a profit in the previous year. EBITDA margin fell to 5.2%, but normalized to 10.2% when adjusted for one-time provisions. Hard luggage category share increased to 63%. Bangladesh operations improved, reporting a profit of Rs. 8.00 crores. The company also reported exceptional items including a fire incident and insurance claim, and granted 60,000 Employee Stock Appreciation Rights.
V.I.P. Industries Gains Supreme Court Relief in Carlton Trademark Dispute 5 days ago
Multiples Equity-Led Consortium Seeks CCI Approval for 32% Stake Acquisition in VIP Industries Jul 27, 2025
Multiples Private Equity Funds Launch ₹1,438 Crore Open Offer for V.I.P. Industries at ₹388 Per Share Jul 25, 2025
V.I.P. Industries Appoints Sumit Gupta as Vice President - Sales Head Jul 22, 2025
More news about VIP Industries
14Jul 25
VIP Industries' Promoter Group to Sell 32% Stake to Multiples Private Equity Consortium
VIP Industries' promoter group plans to sell a 32% stake to a consortium led by Multiples Private Equity for INR 1,763.32 crore at INR 388 per share. The deal will significantly reduce the promoter group's stake from 49.23% to 17.34%. The consortium will make an open offer to acquire an additional 26% stake from public shareholders at the same price. Upon completion, the consortium is expected to gain management control. The company's stock fell over 5% following the announcement. The deal aims to revive VIP's legacy and strengthen its position in the luggage market, subject to regulatory approvals.
14Jul 25
VIP Industries Announces Major Ownership Shift and Leadership Changes
VIP Industries' promoter group, the Dilip Piramal family, has agreed to sell up to 32% stake to a consortium led by Multiples Private Equity. The deal, priced at ₹388 per share, values the stake at approximately ₹1,763.32 crore. This transaction will trigger an open offer for an additional 26% stake from public shareholders. Dilip Piramal has been appointed as Chairman Emeritus. The Multiples Consortium will acquire management control, with rights to nominate the majority of board directors. The deal is subject to regulatory approvals, including clearance from the Competition Commission of India.
14Jul 25
VIP Industries: Piramal Family to Sell Up to 32% Stake to Multiples-Led Consortium
The Piramal family has agreed to sell up to 32% stake in VIP Industries to a consortium led by Multiples Private Equity for INR 388 per share, valuing the deal at up to INR 1,763.32 crore. The consortium will make an open offer for an additional 26% stake at the same price. Post-transaction, the consortium may acquire management control and up to 58% stake if the open offer is fully subscribed. The deal includes changes in governance structure, with the consortium gaining the right to nominate the majority of board directors. Dilip Piramal will retain the right to recommend one independent director or nominate a family member as a non-independent, non-executive director.
13Jul 25
VIP Industries: Promoters to Offload 32% Stake to Private Equity Investors, Triggering Open Offer
VIP Industries' promoter group entities plan to sell a 32% stake to private equity investors, triggering an open offer for an additional 26%. The deal involves a Share Purchase Agreement and a Shareholders' Agreement, both signed on July 13, 2025. Post-sale, the promoter shareholding will decrease from 51.73% to 19.73%. The purchasers will gain management control and the right to nominate the majority of board directors. Arpwood Capital Private Limited acted as the exclusive financial advisor for the sellers.
11Jul 25
VIP Industries Addresses Stake Sale Rumors, Affirms No Significant Developments
VIP Industries has responded to market speculation about potential stake sale discussions by its promoters. In a BSE filing, the company stated that while they routinely explore strategic opportunities, there are no significant developments requiring disclosure under SEBI regulations. This clarification came after a news report suggested talks of stake sale, which led to a 3% increase in the company's share price. VIP Industries emphasized that no event has occurred requiring disclosure, and they are unaware of any undisclosed information explaining recent trading movements.
11Jul 25
Private Equity Firms Set Sights on VIP Industries
Multiple private equity firms, including Multiples PE, have shown interest in VIP Industries, a leading luggage manufacturer. This development suggests potential changes in the company's ownership structure and has attracted attention in the financial community. The interest from PE firms could lead to strategic growth opportunities, operational improvements, and enhanced market perception for VIP Industries. However, specific details about potential deals or valuations remain undisclosed.
11Jul 25
VIP Industries Promoters Mull Stake Sale, Details Scarce
Reports suggest that the promoters of VIP Industries, a leading Indian luggage manufacturer, are considering divesting their stake in the company. While specific details about the potential transaction, including the size of the stake, potential buyers, and reasons for the sale, remain undisclosed, this development could significantly impact the company's ownership structure and future strategic direction. VIP Industries, known for brands like VIP, Skybags, and Carlton, has been a major player in the Indian luggage and travel accessories market for decades.
Multiple private equity firms have expressed interest in acquiring a stake in VIP Industries, India's leading luggage manufacturer. This interest highlights VIP Industries' strong market position and growth potential in the travel and lifestyle accessories sector. While details remain undisclosed, potential implications include capital infusion for expansion, new strategic partnerships, and enhanced corporate governance. The development is seen as a positive indicator of the company's value and future prospects.
CRISIL revised VIP Industries' long-term bank loan outlook to negative due to lower growth prospects and falling average selling prices. The company reported a widened Q4 net loss of ₹27.40 crore, up from ₹12.40 crore in Q3. Q4 financials showed declines across key metrics, with EBITDA dropping 53.38% and operating profit falling 77.27% quarter-over-quarter. Despite these challenges, VIP Industries' stock surprisingly surged 12.20% on June 11.
13May 25
VIP Industries: Q4 Loss Widens Amid Revenue Decline and Margin Pressure
VIP Industries, a leading luggage manufacturer, reported a consolidated net loss of ₹27.40 crore for Q4 FY2025, up 14.64% from the previous year. Revenue decreased by 4.32% to ₹494.00 crore, while EBITDA fell 18.18% to ₹6.30 crore. EBITDA margins contracted to 1.28% from 1.49%. The company faces ongoing challenges in the luggage market, reflected in widening losses and declining revenues.