Page 2 - Vip Industries

VIP Industries posts net loss of Rs 4.26 crore in Q4; revenue up 26.6%

Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ago, VIP Industries Ltd (VIL) said in a BSE filing. However, its revenue from operations increased 26.6 per cent to Rs 450.57 crore during the quarter under review against Rs 355.90 crore in the year-ago period. During the quarter, VIL reported a loss of Rs 47.21 as an exception item. This was related to a loss of property, plant and equipment and inventories that were destroyed due to a major fire at a plant of the company's subsidiary in Bangladesh on January 31, 2023. VIL's profit before exceptional items stood at Rs 40.79 crore. This is "reflective of enhanced cost efficiencies across the value chain and strategic shift to in-house manufacturing coupled with softening trend on input costs," said VIL Managing Director Anindya ..

IHCL, IndiGo, IRCTC: Analysts bet on travel stocks ahead of holiday season

Travel/tourism-related stocks: Analysts suggest investors keep a selective 'buy on dips' strategy on the space entailing hotels, airlines, travel agents, ticket booking players, and luggage makers

Luggage stocks in focus: Safari, VIP Inds surge up to 7% on demand revival

Analysts expect that the travel sector is poised for a resurgence on the back of demand revival and increase in consumers confidence.

Uptrend likely to resume in Jubilant Foods, VIP Inds, says Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

VIP Industries back in the black in Q1FY22; stock zooms 14%

The company's consolidated net profit stood at Rs 2.53 crore in Q1FY22 compared with net loss of Rs 51.32 crore in the year-ago period.

Jhunjhunwala trims stake in Titan, 2 others in Q4; buy Fortis Healthcare

During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company

Biocon, VIP Ind: Trading calls by Vaishali Parekh of Prabhudas Lilladher

RSI Indicator has given 'buy' signals on Biocon and VIP Industries' stocks

Infosys, PI Industries, ICICI Bank: Top picks of brokerages for Samvat 2077

According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline

Stock picks by Prabhudas Lilladher: Buy Indian Hotels, VIP Industries

The stock of Indian Hotels has recently bottomed out near 90 levels and has picked up momentum to improve the bias

Market Ahead, May 27: All you need to know before the opening bell

Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.

Rakesh Jhunjhunwala raises stake in VIP Industries in Q4; stock jumps 10%

Rakesh Jhunjhunwala acquired an additional 285,000 shares of the company during the January-March 2020 quarter

VIP Industries hits two-month high; stock climbs 30% in one month

The stock was up 5.5% at Rs 514 on Tuesday, extending its 6% rally on BSE in the previous session, on the expectation of strong demand outlook.

Luggage is no baggage for VIP, 5 brands get company new customers

A slew of sub-brands, aggressive promotions and celebrity endorsers have become the brand's leitmotif in recent years

VIP Industries hits record high on heavy volumes

Thus far in August, the stock outperformed the market by surging 26%, against 3% decline in Sensex.

VIP Industries Q1 net profit jumps 30% to Rs 41 cr

Overall expenses rose to Rs 248.32 crore during the period from Rs 328.24 a year ago

VIP's real-time conveyor belt

The luggage maker has shifted to a manufacturing model dictated by sales performance