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.
