V.I.P. Industries (507880) Q2 25/26 earnings summary

Executive summary

• Financial results for the quarter and half year ended September 30, 2025, were reviewed and approved by the Board and auditors, confirming compliance with Indian Accounting Standards and SEBI regulations.

• The business operates in a single segment: manufacturing and marketing of luggage and bags.

Financial highlights

• Consolidated revenue from operations for Q2 FY26 was Rs. 406.34 Cr, down from Rs. 561.43 Cr in Q1 FY26 and Rs. 544.26 Cr in Q2 FY25.

• Consolidated net loss for Q2 FY26 was Rs. 143.14 Cr, compared to a net loss of Rs. 13.10 Cr in Q1 FY26 and Rs. 33.05 Cr in Q2 FY25.

• Basic EPS for Q2 FY26 was (Rs. 10.08), compared to (Rs. 0.92) in Q1 FY26 and (Rs. 2.32) in Q2 FY25.

• Cash and cash equivalents at September 30, 2025, stood at Rs. 30.31 Cr (consolidated), down from Rs. 37.96 Cr at March 31, 2025.

Outlook and guidance

• Deferred tax asset not recognized for the quarter due to recent changes in shareholding, management, and business plan review.

• Insurance claims are expected to cover losses from fire incidents at the Guwahati warehouse and Bangladesh subsidiary plant.