VIP Industries Q1FY24 results declared

VIPGroup

05 August 2023, Mumbai

VIP Industries Ltd records a 16% dip in Q1 net profit at Rs 58 crore ($12.2 million) compared to Rs 69 crore last year.

Despite this, revenue rises by 8% to Rs 636 crore.

Aspirational

VIP aims to expand its retail presence in tier 2 cities and targets 800 brand outlets by FY24.

With popular brands like Carlton, Skybags, and Caprese, VIP owns 22% of India's market share and operates over 600 showrooms and e-commerce platforms.

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