Latest news with #VIPIndustries
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Business Standard
08-08-2025
- Business
- Business Standard
VIP Industries shares slip 4% post weak Q1 nos; here's analysts takeaway
VIP Industries, which offers products under the categories of luggage, backpacks, and homebags, shares slipped 3.8 per cent on Friday, August 8, 2025, and logged an intra-day low at ₹432.75 per share on BSE. The selling pressure on the counter came a day after the company posted weak Q1 results, after market hours on Thursday. At 9:38 AM, VIP Industries share price was down 3.17 per cent at ₹435.85 per share. In comparison, the Sensex was 0.39 per cent lower at 80,307.99. VIP Industries Q1 results In Q1, the luggage manufacturer reported a consolidated net loss of ₹13 as compared to a net profit of ₹4 crore year-on-year (Y-o-Y). Its revenue from operations also declined 12 per cent Y-o-Y to ₹561 crore, as compared to ₹639 crore. The Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹29 crore, as compared to ₹51 crore. Ebitda margin stood at 5 per cent, as against 8 per cent a year ago. VIP Industries management says: Revival of e-commerce sales is likely in Q2FY26. To tackle the problem of lost luggage the company plans to launch a first-time in-industry smart bag tag. The Alfa brand will be used as a flanking strategy to capture the lower end products market. Within six–seven months the company is hopeful of getting all its pending insurance dues (around ₹30 crore). Only maintenance capex to be undertaken in FY26. VIP Industries results analysis: Here's what brokerages suggest Nuvama Institutional Equities | Reduce | Target decreased to ₹309 from ₹312 Due to the uncertainty surrounding VIP's management transition, the brokerage has tweaked its revenue and profit after tax (PAT) estimates for FY 26/27 by -7.4 per cent/-7.4 per cent and -12.2 per cent/-13.2 per cent, respectively. "We shall update our estimates once we have a better understanding of the acquirer's plans," the note said. Centrum Capital | From Add to Reduce | Target ₹427 With a higher growth on the lower-end segment, the brokerage has reduced its earnings estimates as VIP has a 55 per cent premium portfolio. Centrum fears local competition and prolonged disruption in the Bangladesh facility could be risk factors.
Business Standard
07-08-2025
- Business
- Business Standard
V I P Industries reports consolidated net loss of Rs 13.10 crore in the June 2025 quarter
Sales decline 12.12% to Rs 561.43 croreNet loss of V I P Industries reported to Rs 13.10 crore in the quarter ended June 2025 as against net profit of Rs 4.04 crore during the previous quarter ended June 2024. Sales declined 12.12% to Rs 561.43 crore in the quarter ended June 2025 as against Rs 638.89 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% -12 OPM %4.397.72 -PBDT12.6132.90 -62 PBT-18.983.71 PL NP-13.104.04 PL Powered by Capital Market - Live News
Business Standard
07-08-2025
- Business
- Business Standard
VIP Inds slides on posting dismal Q1 outcome
VIP Industries declined 2.45% to Rs 437.50 after the firm reported a consolidated net loss of Rs 13.10 crore in Q1 FY26 compared with a net profit of Rs 4.04 crore in Q1 FY25. Revenue from operations declined 12.12% year on year (YoY) to Rs 561.43 crore in the quarter ended 30 June 2025. Total expenses fell 8.19% YoY to Rs 585.03 crore during the quarter. Employee benefit expenses were at Rs 54.39 crore (down 7.60% YoY). The cost of material consumed stood at Rs 203.70 crore (up 30.32% YoY). On a standalone basis, the company reported net loss of Rs 23.33 crore in Q1 FY26 as against Rs 4.45 crore posted in Q1 FY25. Revenue from operations fell 11.98% year on year to Rs 561.12 crore in Q1 FY26.
Time of India
27-07-2025
- Business
- Time of India
Private equity deal: Multiples-led consortium moves CCI for 32% VIP Industries stake; Rs 1,438 crore deal to trigger open offer
A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator. The application follows the July 13 announcement that VIP Industries' promoters — Dilip Piramal and family — will sell up to 32% of their shareholding to the Multiples-led group. The proposed acquisition will trigger a mandatory open offer for an additional 26% stake from public shareholders, in accordance with Sebi's takeover code, PTI reported. Assuming full acceptance of the open offer, the deal is valued at Rs 1,437.78 crore. Upon completion, control of the company will shift to Multiples, although the Piramal family will remain shareholders. Dilip Piramal will be designated Chairman Emeritus. The investor consortium includes Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities (a portfolio company of investor Akash Bhanshali), and Caratlane founder Mithun Padam Sacheti and his brother Siddhartha Sacheti. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Profitex Shares and Securities is also part of the transaction. 'The proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India,' the consortium stated in its CCI filing. It also noted that defining a relevant market could be left open, consistent with previous CCI practice. Multiples focuses on core sectors such as financial services, pharma and healthcare, consumer, and technology. Samvibhag Securities represents interests aligned with Bhanshali. As of June 2025, promoter entities held 51.73% in VIP Industries. With a market capitalisation of Rs 6,389.47 crore, the Mumbai-based firm competes with Samsonite and Safari Industries in the premium and mass segments. It owns brands like VIP, Aristocrat, Skybags, Carlton, and Caprese, and had over 50% market share in India's branded luggage space in FY24. However, increasing competition has begun to eat into VIP's share. For FY25, the company reported revenue of Rs 2,169.66 crore. Founded in 1971, VIP is Asia's largest and the world's second-largest luggage manufacturer, with over 10,000 retail points across 45 countries. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
27-07-2025
- Business
- Business Standard
Multiples-led consortium seeks CCI nod to acquire stake in VIP Industries
A clutch of investors led by Multiples Equity have sought approval from the fair trade regulator CCI to acquire a 32 per cent stake in luggage and travel accessories maker VIP Industries. The move came after Dilip Piramal and Family -- promoters of VIP Industries -- announced last week that they will sell up to 32 per cent of their stake in the company, to Multiples Equity, an alternate asset management company. Multiples consortium consists of ?Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities, Caratlane founder Mithun Padam Sacheti, his brother Siddhartha Sacheti and Profitex Shares and Securities will acquire stakes in VIP Industries. "The proposed combination relates to acquisition of shareholding by the acquirers(MPEF, MPGF, Samvibhag Securities, Mithun and Siddhartha Sacheti) in the target VIP Industries," according to a notice filed with the Competition Commission of India (CCI) on Friday. Multiples is an alternate asset management company. It focuses on core sectors of financial services, pharma & healthcare, consumer and technology, and Samvibhag Securities is a portfolio company of ace investor Akash Bhanshali. In a notice to CCI, the consortium said that the "proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India, consistent with the previous decisional practice of the... Competition Commission of India, delineation of a relevant market can be left open". On July 13, VIP Industries Ltd and Multiples Equity jointly announced that Dilip Piramal and Family have entered into a definitive agreement with the consortium to sell up to 32 per cent stake in the company. The move will also trigger an open offer to acquire 26 per cent share from the open market, as per the Sebi's takeover regulations by Multiples Equity-led consortium. After the completion of the transaction, control of the company will be transferred to Multiples Private Equity while Dilip Piramal and family will continue to be shareholders in the Mumbai-based VIP Industries. Moreover, Dilip Piramal will be Chairman Emeritus of VIP Industries, it added. Assuming full acceptance of the open offer, the total consideration payable by Multiples will be Rs 1,437.78 crore. As of June 2025, the promoter and promoter entities owned a 51.73 per cent shareholding in VIP Industries. VIP Industries, which has a market capitalisation of Rs 6,389.47 crore, competes with Samsonite and Safari Industries in the premium and mass segment. It owns brands such as Aristocrat, VIP, Carlton, Skybags, and Caprese had over 50 per cent market share in the branded luggage market in FY24. However, now the company is facing stiff competition from rivals and its market share is gradually reducing. For the financial year ended on March 31, 2025, VIP Industries' revenue was at Rs 2,169.66 crore. Started in 1971, VIP Industries is Asia's largest and the world's second largest luggage maker, which is headquartered in Mumbai. It has over 10,000 points of sale in 45 countries.
