Mumbai, Aug. 7 -- Revenue from operations declined 12.12% year on year (YoY) to Rs 561.43 crore in the quarter ended 30 June 2025.

Total expenses fell 8.19% YoY to Rs 585.03 crore during the quarter. Employee benefit expenses were at Rs 54.39 crore (down 7.60% YoY). The cost of material consumed stood at Rs 203.70 crore (up 30.32% YoY).

On a standalone basis, the company reported net loss of Rs 23.33 crore in Q1 FY26 as against Rs 4.45 crore posted in Q1 FY25. Revenue from operations fell 11.98% year on year to Rs 561.12 crore in Q1 FY26.

VIP Industries is the leading manufacturer of hard and soft luggage in Asia.

Published by HT Digital Content Services with permission from Capital Market....