Categories Earnings, Retail

V I P Industries Ltd Q4FY23 results out, revenue grows by 27%

VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories. VIP Industries Limited is amongst Asia’s leading manufacturers and suppliers of luggage, backpacks, and handbags and the market leader in the organized luggage segment.

  • V I P Industries Ltd reported Total revenue for Q4 FY23 of ₹451 Crore, up from ₹356 Crore year on year depicting a growth of 27%.
  • Total Expenses for Q4 FY23 of ₹386 Crore up, from ₹323 Crore year on year, a growth of 20%. 
  • Consolidated Net Profit of -(₹4) Crore, down 133% from ₹12 Crore in the same quarter of the previous year.
  •  The Earnings per Share is -(₹0.3), down 134% from ₹0.88 in the same quarter of the previous year.

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