V I P Industries' Q2 FY 2025-26 Quarterly Results

Result Summary

• V I P Industries Ltd reported a 26.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 23.7%.
• Its expenses for the quarter were down by 3.7% QoQ and 5.5% YoY.
• The net profit increased 992.7% QoQ and increased 333.1% YoY.
• The earnings per share (EPS) of V I P Industries Ltd declined at 10.07 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

V I P Industries Ltd is a prominent entity in the luggage and travel accessories industry. The company is known for its wide array of products that include suitcases, briefcases, handbags, carry cases, and backpacks. It operates predominantly in the consumer goods sector, providing durable and innovative travel solutions. The company has a substantial market presence and is recognized for its brand reputation and product quality. However, any recent major developments or strategic shifts within the company are not available from the current dataset.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), V I P Industries Ltd reported total income of ₹417.07 crores. This represents a 26.3% decrease from the previous quarter (Q1FY26), where the total income was ₹566.05 crores. When compared to the same quarter in the previous year (Q2FY25), where the total income stood at ₹546.91 crores, there is a year-over-year decline of 23.7%. This decrease in revenue over both the quarterly and yearly periods reflects a significant contraction in the company's income streams.

Profitability

The company's profitability metrics demonstrate a challenging quarter, with a loss before tax of ₹141.93 crores in Q2FY26. This is a substantial increase in loss compared to Q1FY26, where the loss before tax was ₹17.05 crores, reflecting a quarter-over-quarter change of 732.4%. Compared to Q2FY25, where the loss was ₹45.61 crores, the year-over-year increase in loss is 211.2%. The tax expense in Q2FY26 was ₹1.21 crores, contrasting with a tax credit in both Q1FY26 and Q2FY25. Consequently, the profit after tax in Q2FY26 is at a loss of ₹143.14 crores, significantly higher than the losses reported in Q1FY26 and Q2FY25. The earnings per share (EPS) also reflect this trend, with a negative figure of ₹10.07 in Q2FY26, compared to -₹0.92 in Q1FY26 and -₹2.32 in Q2FY25.

Operating Metrics

The total expenses for V I P Industries Ltd in Q2FY26 amounted to ₹563.32 crores. This represents a 3.7% decline from Q1FY26's expenses of ₹585.03 crores and a 5.5% decrease from Q2FY25's expenses of ₹596.10 crores. Despite the reduction in expenses, the company's financials show increased losses, indicating higher operating challenges. The substantial increase in loss before tax and profit after tax on both a quarterly and annual basis suggests significant operational hurdles during the reported period. Earnings per share further highlight the financial strain, with a marked increase in negative EPS, reflecting the broader financial challenges faced by the company within this quarter.