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Prabhudas Lilladher recommended hold rating on V.I.P. Industries with a target price of Rs 689 in its research report dated October 31, 2023.

Hold V.I.P. Industries; target of Rs 689: Prabhudas Lilladher

VIP Industries Consolidated September 2023 Net Sales at Rs 546.09 crore, up 6.09% Y-o-Y

Total revenue of the company came in at Rs 546.09 crore, rising 6.09 percent.

VIP Industries Q2: Net profit falls 69% to Rs 13.28 crore, revenue rises 6.09%

The Dilip G Piramal-led promoter and promoter group holds around 51 percent of stake, as of June 2023

VIP Industries rises 1% amid reports of promoters mulling stake sale

V I P Industries announced the resignation of Anindya Dutta (DIN: 08256456), Managing Director of the company on 14 August 2023. 

V I P Industries announces resignation of MD 

VIP Industries, a leading luggage and travel accessories manufacturer, announced the resignation of its managing director, Anindya Dutta, on 14th August 2023, which will be effective from the close of business hours on 13th November 2023. Dutta tendered his resignation due to personal reasons. Following the recommendation of the nomination and remuneration committee, the board of directors unanimously appointed Neetu Kashiramka as the managing director designate and chief financial officer, effective from 15 August 2023. Kashiramka officially assumed the role from 14 November 2023, subject to approval from the companys shareholders.Neetu Kashiramka joined V.I.P. Industries on 7 April 2020, as the chief financial officer. Recently, she was appointed as the executive director and chief financial officer on 8 May 2023. With over 26 years of post-qualification experience as a qualified Chartered Accountant, Kashiramka has held pivotal positions in reputed organizations such as Greaves Cotton, where she served as the CFO. She has also contributed significantly to the growth of Jyothy Laboratories during her 17-year tenure. Kashiramkas expertise encompasses various aspects of corporate finance, including ERP implementation, fundraising, mergers and acquisitions, financial control, budgeting, and investor relations.VIP Industries is the leading manufacturer of hard and soft luggage in Asia. The company reported consolidated net loss of Rs 4.26 crore in Q4 FY23 compared with net profit of Rs 12.39 crore in Q4 FY22. Net sales jumped 26.6% to Rs 450.57 crore in Q4 FY23 as against Rs 355.90 crore in Q4 FY22. Shares of VIP Industries fell 1.32% to Rs 664.75 on 14 August 2023.

VIP Industries managing director Anindya Dutta resigns

Prabhudas Lilladher recommended Accumulate rating on V.I.P. Industries with a target price of Rs 707 in its research report dated August 04, 2023.

Accumulate V.I.P. Industries; target of Rs 707: Prabhudas Lilladher

VIP Industries houses brands such as Carlton, Skybags, Aristocrat, Caprese and Alfa, and is the second largest player in the world and largest in Asia.

VIP Industries: Downgrades and price cuts derail luggage maker's track

VIP Industries Consolidated June 2023 Net Sales at Rs 636.13 crore, up 7.71% Y-o-Y

Except revenue, the domestic luxury luggage maker reported a poor show on all other major financial metrics.

VIP Industries slumps to a 52-week low on 16.4% drop in Q1 net profit

V.I.P. Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-strolleys, suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags. The company was founded in 1971 and is headquartered in Mumbai, India.

Watchers	51
52-Wk Low	548.95
52-Wk High	760.00

Market Cap	86.03B
Volume (M)	510,161.00
52-Wk High	760.00
52-Wk Low	548.95

VIPIND.NSE V.I.P. Industries Ltd.

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