Company: VIP Industries Ltd. Category: IPO Notes

VIP’s top-line increased 20.0% YoY to Rs4,350 mn (PLe of Rs4,420mn) due to strong growth from mass brand Aristocrat and premium brand Caprese (albeit on a low base) further aided by backpacks (category growing in excess of 30%).
May 7, 2019, 11:31 a.m.

We initiate coverage on VIP Industries Ltd (VIP) with a BUY rating given market leadership (50% revenue share) in the organized luggage industry, well-diversified product portfolio (six brands and multiple SKUs exceeding 1,500) and solid brand salience (brand-ex is 5-7% of sales).
March 25, 2019, 5:32 p.m.

VIP Industries (VIP) reported healthy set of numbers for Q2FY19 with a revenue and PAT growth of 29.9% & 37.8% YoY.
Nov. 21, 2018, 11:39 a.m.

VIP Industries Ltd (VIP) is the largest luggage player in India with 50%+ market share in the organised market.
Nov. 19, 2018, 11:31 a.m.

VIP Industries’ (VIP) 3QFY18 revenues grew 12% yoy to ~Rs 3.4bn, in line with EE, while volume growth was strong at 18%. EBIDTA jumped 57% yoy to Rs 412mn, coming in sharply above EE.
Jan. 31, 2018, 3:51 p.m.
Author : Equirus | Publisher:

Estimating the share price of the company as per P/E valuation P/E ofFY18E at 36x, EPS(Est.) at Rs7.23, the estimated share price for next 1 year tenure turns around to be Rs260. Buy.
Sept. 11, 2017, 5:32 p.m.

VIP is now the second largest player in the world and largest in Asia. Company derives 45 % of its sales from the VIP brand, 27 % plus from Sky bags brand, 20 % from Aristocrat and Alfa combined, and 8 % combined from premium Carlton and Caprese brands.
Sept. 11, 2017, 9:56 a.m.

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