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Luggage and travel accessories maker VIP Industries Ltd posted a net loss of ₹27 crore for the fourth quarter ended March 31, widening slightly from a ₹24 crore loss reported in the same period last year.
Revenue for the quarter fell by 4% year-on-year, coming in at ₹494 crore, compared to ₹516 crore in Q4 FY24, signaling continued pressure on the company’s topline.
For the full financial year, VIP Industries reported a net loss of ₹69 crore on total revenue of ₹2,178 crore. The company also saw a modest decline in operating costs during the final quarter, with total expenses down by 3% to ₹535 crore, indicating some cost control efforts amid challenging market conditions.
Founded in 1971, VIP Industries is one of India’s leading luggage brands, with a portfolio that includes VIP, Skybags, Carlton, Aristocrat, and Caprese. The company has been grappling with sluggish demand and heightened competition in both domestic and international markets.
Despite the setbacks, VIP Industries continues to focus on brand repositioning and operational efficiencies as part of its turnaround strategy.
