VIP Industries

** Shares of VIP Industries VIPI.NS falls 5.5% to 285.8 rupees, lowest since April 2025

** Luggage manufacturer's Q4 consol loss widens nearly five-fold, hurt by lower demand and higher expenses; rev down ~12%

** Ambit Capital expects growth-margin trade-off to continue in short/medium term for co given increasing competition

** While remaining positive on industry tailwinds, we remain maintain "SELL" on co as we believe turnaround will likely take longer - Ambit

** Over 914,000 shares traded, over 2x the 30-day avg

** Stock rated "sell" on avg; median PT 354 rupees - data compiled by LSEG

** Stock down 25% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

May 15 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES LTD MARCH-QUARTER CONSOL LOSS 1.29 BILLION RUPEES

• V I P INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.36 BILLION RUPEES

Source text: ID:nBSE5bfftR

Further company coverage: VIPI.NS

(([email protected];))

** PL Capital says VIP Industries VIPI.NS planning double-digit price hike, citing channel checks as raw material prices have jumped driven by Middle East war

** "Traditional thinking suggests price hike by one player should eventually lead to an industry-wide price reset," PL Capital says

** However, channel checks suggest Safari Industries (India) SAFA.NS not too keen on hikes at the moment - brokerage

** PL Capital says price hikes could lead to market share loss for VIPI, while SAFA's margins may deteriorate if it doesn't hike prices

** "We maintain our view that luggage industry is in for a structural derating given stiff competition amongst incumbents and emergence of new age direct to consumer brands" - PL Capital

** Maintains "reduce" rating on VIPI and "hold" on SAFA

** VIPI rated "hold", SAFA "strong buy" on average by 10 brokerages - data compiled by LSEG

** VIPI up 5.6%, down 16.3% YTD%; SAFA up 7.2%, trimming YTD losses to 29.5%

(Reporting by Vivek Kumar M)

(([email protected];))

March 10 (Reuters) - V I P Industries Ltd VIPI.NS:

• APPOINTS RAHUL PODDAR AS CFO

• MANISH DESAI RELINQUISHES CFO POSITION

Source text: ID:nBSETYJw3

Further company coverage: VIPI.NS

(([email protected];;))

Dec 31 (Reuters) - V I P Industries Ltd VIPI.NS:

• ENTERS AGREEMENT FOR LEASE ASSIGNMENT OF NAGPUR PROPERTY

• AGREEMENT SIZE IS 511.8 MILLION RUPEES

Source text: ID:nBSE4ZyGkn

Further company coverage: VIPI.NS

(([email protected];;))

Sept 23 (Reuters) - V I P Industries Ltd VIPI.NS:

• APPOINTS RENUKA RAMNATH AS CHAIRPERSON

• DILIP PIRAMAL RESIGNS AS CHAIRMAN

Further company coverage: VIPI.NS

(([email protected];))

** Luggage makers VIP Industries VIPI.NS and Safari Industries SAFA.NS shares rise 1% and 1.5, respectively

** Motilal Oswal initiates with "buy" on both, citing structural tailwinds, premiumisation trends

** Sets Street-high PT of 530 rupees for VIP (18.4% upside to last close), 2,700 rupees for Safari (21% upside), per LSEG data

** Forecast market 12% CAGR to 267 bln rupees ($3.03 bln) by CY28

** Notes transition from utility to lifestyle, driven by weddings, student mobility, corporate travel

** Expects VIPI to deliver revenue CAGR of 10%, EBITDA CAGR 73% over FY25-FY28E

** SAFA to deliver revenue CAGR of 16%, EBITDA CAGR 25%, APAT CAGR 27% over FY25-FY28E

** YTD: VIPI down 5.7%, SAFA down 13%

($1 = 88.2230 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

Aug 6 (Reuters) - V I P Industries Ltd VIPI.NS:

• JUNE-QUARTER CONSOL LOSS 131 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.61 BILLION RUPEES

Source text: ID:nBSE8Cc5HF

Further company coverage: VIPI.NS

(([email protected];;))

** VIP Industries VIPI.NS falls 4.2% to 437.3 rupees; on track for worst day in more than two months

** Co's Chairman Dilip Piramal, his family enter agreement with private equity firm Multiples Consortium to sell a stake of up to 32% in co

** Stake sale will trigger an open offer and co's control will be transferred to Multiples Private Equity; Piramal family to remain shareholders in co

** VIPI falls ~9% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 11 (Reuters) - V I P Industries Ltd VIPI.NS:

• CLARIFIES ON REPORT PROMOTERS REPORTEDLY IN TALKS TO SELL STAKE

• CO, PROMOTERS EXPLORE STRATEGIC OPPORTUNITIES FROM TIME TO TIME

• NO EVENT HAS OCCURRED WHICH WARRANTS A DISCLOSURE

Source text: ID:nBSE6VgDf5

Further company coverage: VIPI.NS

(([email protected];;))

July 2 (Reuters) - V I P Industries Ltd VIPI.NS:

• DELHI HIGH COURT DISMISSES VIP INDUSTRIES' APPEAL

Source text: ID:nBSE1vj0gD

Further company coverage: VIPI.NS

(([email protected];;))

June 6 (Reuters) - V I P Industries Ltd VIPI.NS:

• FACES 64.1 MILLION RUPEES COMMERCIAL SUIT FROM JIAXING BIANCA

Source text: ID:nNSE6BgbJh

Further company coverage: VIPI.NS

(([email protected];;))

** Shares of VIP Industries VIPI.NS fall as much as 4.4% to 350.1 rupees, lowest since May 2021

** VIPI set for seventh straight session of declines; down 23% so far this month

** Apparel and accessories maker posted a consolidated loss of 124.2 mln rupees ($1.4 mln) vs profit of 71.5 mln rupees a year ago

** Consol rev from ops fell 8% Y/Y, hurt by stiff competition on pricing, co said

** Adds, margins hurt by lower realization owing to brand and channel mix

** More than 1.2 mln shares change hands, 2.9x its 30-day avg

** 12 analysts covering the stock on avg have a "hold" rating; median PT is 473 rupees - LSEG data

($1 = 86.5700 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Jan 28 (Reuters) - V I P Industries Ltd VIPI.NS:

• DEC-QUARTER CONSOL LOSS 124.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.01 BILLION RUPEES

Source text: ID:nBSE5sF9w7

Further company coverage: VIPI.NS

(([email protected];;))

Dec 18 (Reuters) - V I P Industries Ltd VIPI.NS:

• VIP INDUSTRIES RECEIVES FAVOURABLE ORDER FROM MAHARASHTRA SALES TAX TRIBUNAL

• CONTINGENT LIABILITY AS ON MAR 31, 2024 TOWARDS LITIGATION WAS 3.58 BILLION RUPEES

Source text: ID:nBSE14FQXW

Further company coverage: VIPI.NS

(([email protected];;))

** Shares of VIP Industries VIPI.NS fall 5.5% to 480 rupees, its steepest intraday drop since Oct. 7

** Luggage and travel bag maker posts Q2 loss of 330.5 million rupees ($3.93 million) vs profit of 132.8 mln rupees in the year ago

** VIP set to log biggest weekly drop since March 11, down 6.7% for the week so far

** Analysts' avg rating on stock is "buy;" their median PT is 496 rupees - LSEG

** Stock down 15% YTD

($1 = 84.0660 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 23 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES SEPT-QUARTER CONSOL LOSS 330.5 MILLION RUPEES

• V I P INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.44 BILLION RUPEES

Source text for Eikon: ID:nBSEbcr1K

Further company coverage: VIPI.NS

(([email protected];))

** Shares of India's Unicommerce eSolutions UICO.NS rise ~2% to 210.5 rupees

** Still, co's stock poised for a third straight weekly loss, if current trend holds

** Co, whose services to clients include management of e-commerce ops, inked a partnership with luggage maker VIP Industries VIPI.NS, but did not disclose any financial details

** VIPI stock up 5.3% on the day, rival Safari Industries SAFA.NS gains 2%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Aug 6 (Reuters) - V I P Industries Ltd VIPI.NS:

• JUNE-QUARTER CONSOL PROFIT 40.4 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.39 BILLION RUPEES

Further company coverage: VIPI.NS

(([email protected];))

** Shares of luggage and travel bag maker VIP Industries VIPI.NS fall 4.3% at 502 rupees

** Co on late Friday posted a wider consolidated loss at 238.8 million rupees ($2.9 mln), from a loss of 42.6 mln rupees a year ago

** Consolidated revenue rose nearly 15%, while expenses climbed nearly 34%

** Co on track to mark three straight sessions of losses, if trend continues

** Avg rating of 11 analysts is a "hold"; median PT is 546 rupees, above stock's current trading price - LSEG data

** Including session's losses, VIPI stock down ~15% YTD, and set for its worst month this year

($1 = 83.5225 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

May 10 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES LTD MARCH-QUARTER CONSOL LOSS 238.8 MILLION RUPEES VERSUS LOSS 42.6 MILLION RUPEES

• V I P INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.16 BILLION RUPEES VERSUS 4.51 BILLION RUPEES

Source text for Eikon: ID:nNSE4Y9mt5

Further company coverage: VIPI.NS

(([email protected];))

** Luggage and travel bag maker VIP Industries' VIPI.NS shares close nearly 13% higher, after posting biggest one-day gain since mid-August 2021

** Stock among top gainers in Nifty small-caps index .NIFSMCP100

** VIP Industries remains optimistic on demand recovery, aims for revenue growth ahead of peers at 15%-18% in FY25 - brokerage Centrum

** Centrum upgrades stock to "buy"

** 5 of 10 analysts rate the company's shares "hold", median PT 550.50 rupees - LSEG

** Stock down 12.1% YTD vs small-caps index's 0.8% rise

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607))

** Shares of luggage bags maker VIP Industries VIPI.NS fall as much as 3% to 450.05 rupees, lowest level since Aug. 26, 2021

** Stock on track for an eighth consecutive session of loss, if trend holds

** Brokerage Ambit downgrades VIPI to "sell" from "buy", reduces PT to 440 rupees from 675 rupees

** VIPI lost market share from 54% in CY12 to 37% in CY23 due to increased competition, supply chain management issues - Ambit

** Adds, VIPI's decision to drastically reduce dependence on China in manufacturing backfired, leading to unavailability of premium luggage

** VIPI's working capital levels have risen from ~20% in FY18 to 26%/30% in FY23/1HFY24 due to higher inventory levels - Ambit

** Prefers Safari Industries (India) SAFA.NS with "buy" rating due to continued market share gains, better channel execution

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of luggage bags maker VIP Industries VIPI.NS down 4.4%, lowest since Jan. 2021

** Fell as much as 6.1% earlier in the session

** Reuters could not immediately ascertain the reason for stock move

** Co logged six straight sessions of losses - losing near 16% in the sessions

** Including today's losses, stock is down ~12% this week so far, steepest weekly loss since March 2020

** Trading volumes at 1.6 times the 30-day avg

** Analysts' avg rating on co is "hold", their median PT is 566 rupees, a 15% premium on last closing price - LSEG

** Including today's losses, VIPI down ~21% YTD, it fell ~11% in 2023

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 14 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES LTD - APPOINTED MANISH DESAI AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE4vcHZh

Further company coverage: VIPI.NS

(([email protected];))

Jan 30 (Reuters) - V I P Industries Ltd VIPI.NS:

• DEC-QUARTER CONSOL PROFIT 71.5 MILLION RUPEES VERSUS 441 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.46 BILLION RUPEES VERSUS 5.26 BILLION RUPEES

Further company coverage: VIPI.NS

(([email protected];))

Oct 31 (Reuters) - V I P Industries Ltd VIPI.NS:

• INDIA'S V I P INDUSTRIES LTD SEPT-QUARTER CONSOL PROFIT 132.8 MILLION RUPEES VERSUS PROFIT 434 MILLION RUPEES

• V I P INDUSTRIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.46 BILLION RUPEES VERSUS 5.15 BILLION RUPEES

Source text for Eikon: ID:nBSE4RxMR1

Further company coverage: VIPI.NS

(([email protected];))

Aug 15 (Reuters) - V I P Industries Ltd VIPI.NS:

• ANINDYA DUTTA TENDERED HIS RESIGNATION AS MD

• APPOINTS NEETU KASHIRAMKA AS MD DESIGNATE AND CFO

Source text for Eikon: ID:nNSE2gNRDD

Further company coverage: VIPI.NS

(([email protected];))

** Shares of luggage and travel bags maker V I P Industries VIPI.NS fall as much as 7% to 548.95 rupees, their lowest since June 15, 2022

** Co on Wednesday reported a 16.4% decline in June-quarter profit to 577.5 mln rupees ($7 mln)

** Expenses jumped 14.6%, led by purchase of stock-in-trade, outweighed a 7.7% rise in revenue to 6.36 bln rupees

** Nearly 912,000 shares change hands, 2.9X the 30-day moving average

** All eight analysts covering the stock rate it "buy" or "strong buy"; median PT is 836 rupees - Refinitiv data

** Stock down 11.6% YTD, as of last close

($1 = 82.6875 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

Aug 2 (Reuters) - V I P Industries Ltd VIPI.NS:

• JUNE-QUARTER CONSOL PROFIT 577.5 MILLION RUPEES VERSUS PROFIT 691 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.36 BILLION RUPEES VERSUS 5.91 BILLION RUPEES

Source text for Eikon: ID:nNSE1FMvdy

Further company coverage: VIPI.NS

(([email protected];))