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VIP Industries share price & results

VIP Industries Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY26
Ownership as of
Sept 2026

India's largest organised-market luggage maker, selling VIP, Skybags, Aristocrat, Carlton and Caprese across ~14,000 points of sale.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue578 ₹ crore+3.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin-1.9 %−6.3 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit-54.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equityUnavailable−80.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Not in the analysed materials. No older figure is substituted.
Free cash flow margin11.03 %−0.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-10.76 %−11.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

0 of 1 judged target kept · 5 open · verdicts reflect calls analysed to Q1 FY26.

VIP Industries Limited management guidance track record on Inve: 6 targets tracked across analysed earnings calls (0 achieved, 1 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue from New Collections40% of revenue in FY26
Call transcript, Q4 FY25 · 14 May 2025		Q4 FY25Q1 FY26:No specific update provided on the percentage contribution of new collections.
Call transcript, Q1 FY26 · 7 Aug 2025		Ghosted
Debt Reduction Target₹150 crore reduction in FY26
Call transcript, Q4 FY25 · 14 May 2025		Q4 FY25Q1 FY26:Target mentioned as ₹130 crore. Actual Q1 reduction was zero (debt remains at March 2025 level).
Call transcript, Q1 FY26 · 7 Aug 2025		Revised Down
Inventory Reduction Target₹150 crore reduction in FY26
Call transcript, Q4 FY25 · 14 May 2025		Q4 FY25Q1 FY26:Achieved ₹20-22 crore reduction (net of provision) in Q1.
Call transcript, Q1 FY26 · 7 Aug 2025		On Track

Source: Inve Guidance Tracker for VIP Industries Limited · to Q1 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of VIP Industries Limited's 6 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 3 more targets are in the full ledger.

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Price

₹261.15 −1.27% · −₹3.35

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −38.8% 1Y

₹250₹300₹350₹400Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹426.85 on 24 Oct 2025 → ₹261.15. High ₹426.85 (24 Oct 2025), low ₹261.15 (26 Oct 2026).

Previous close
₹264.5
Market cap
₹3.7k Cr
52-week range
₹261.15 – ₹425.75
One year
−38.66%
Return on equity (FY ending Mar 2026)
-92.38%

Overview

Symbol
NSE:VIPIND
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What VIP Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

VIP Industries designs, manufactures and retails luggage, backpacks, duffels and travel accessories through a multi-brand portfolio spanning value, mass, youth and premium price points. It runs in-house manufacturing at its own factories in Maharashtra and Bangladesh, and sells through general trade, modern trade, e-commerce, exclusive brand outlets, institutional/CSD channels and select international markets. Its brands cover hard luggage, soft luggage, business bags and ladies' handbags, from entry-level Aristocrat and Alfa to youth-oriented Skybags, premium Carlton and fashion label Caprese.

Market position
#1 in India's organised luggage market
Points of sale
~14,000
Exclusive Brand Outlets
404
In-house manufacturing facilities (India & Bangladesh)
10
Towns and cities reached
~1,400
Employees
~8,470
Founded 1968Headquarters Mumbai, Maharashtra, India Company website

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