| Revenue growth | 3% growth in Q1 FY27 vs prior de-growth quarters. |
|---|---|
| Margins | Gross margin recovered to 41% from a low of 29%. |
| Demand visibility | Positive momentum expected through premiumization and new product launches. |
| Management confidence | High; citing 'growth is back' and new leadership team onboarding. |
Growth
Revenue reached Rs 578 Cr (3% YoY). EBITDA remains negative at Rs -7 Cr (-1% margin), though significantly improved from previous quarters.
Outlook
FY27 strategy focuses on restarting growth via new product rollouts. FY28 and beyond targets regaining market share and achieving stable state margins.
Risks
Gross margins (41%) remain impacted by war-related raw material inflation. Recovery depends on stabilizing the ship and re-energizing sales channels.
Last quarter's promises, checked
Delivered
- Guided Bangladesh capacity utilization >80% → delivered 80%+ (= BEAT)
- Guided Carlton double-digit growth → delivered double-digit growth (= BEAT)
Partly delivered
- Guided adjusted EBITDA 10% → delivered -1% margin in Q1 FY27 (= MISS)
Missed
- Guided FY26 inventory reduction ~Rs 150 Cr → delivered Rs 20-22 Cr in Q1 (= MISS)
- Guided FY26 debt reduction ~Rs 130 Cr → delivered level with March 2025 (= MISS)
Investor Presentation filed with NSE, NSE: VIPIND. Summary written with AI assistance from the document.
VIP Industries Ltd: key numbers
- Share price
- ₹301.20
- Market cap
- ₹4,279 Cr
- Revenue (annual)
- ₹1,858 Cr
- Net profit (annual)
- ₹-338.0 Cr
- P/E (TTM)
- -11.3×Sector 55.7×
- Promoter holding
- 42.35%+0.00% QoQ
- FII holding
- 5.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from VIP Industries Ltd
All →VIP Industries Employee Stock Options
VIP Industries allotted 1,695 equity shares upon exercise of ESAR under its 2018 plan. The equity base rose to 14,20,55,391 shares, confirming routine employee incentive activity.
VIP Industries Fund Raise of ₹500 Cr
VIP Industries Ltd's board approved a fund raise of up to ₹500 Crore for FY 2026-27. The capital will support growth initiatives and working capital requirements.
- Value
- ₹500.0 Cr
VIP Industries Board Meeting Date
V.I.P. Industries will hold a board meeting on September 18, 2026, to evaluate fund-raising proposals through equity, debt, or other financial instruments.
VIP Industries Q1 FY27 Results: Net Loss of ₹53.6 Cr, Loss Widens
VIP Industries Ltd reported revenue from operations of ₹578.4 Cr (+3.0% YoY) and a net loss of ₹53.6 Cr for Q1 FY27.
- Key figure
- Net loss ₹53.6 Cr