09 November 2021, Mumbai:
For the second quarter VIP Clothing’s revenue rose by 44 per cent. Net profit was Rs 2 crores against a net loss of Rs 31 lakhs in the year-ago period. Total income was Rs 84 crores while its net loss during the period stood at Rs 1 crores.
The company has attributed the rise in sales and net profit to the gradual opening of markets post the Covid-19 caused disruptions. The company expects strong sales in the coming quarters on the back of a good festive season coupled with the easing of Covid-19 related restrictions across the country.
VIP is one of India’s leading intimate apparel companies providing intimate wear to consumers across various segments under different brands. It has a pan-India presence with one of the largest distribution networks. Mature, robust, dependable and composed; a true representation of the Indian male, that's what brand VIP stands for. The brand came from the simple belief that even the common man deserved to be treated like dignitary – a person to be reckoned with. For more than 40 years, VIP has been consistently delivering quality products that provide utmost comfort to the consumer coupled with style quotient. The products not only appeal to one’s aesthetic senses but also provide a regal level of comfort.
