VIPIND

** Shares of VIP Industries VIPI.NS fall as much as 4.4% to 350.1 rupees, lowest since May 2021

** VIPI set for seventh straight session of declines; down 23% so far this month

** Apparel and accessories maker posted a consolidated loss of 124.2 mln rupees ($1.4 mln) vs profit of 71.5 mln rupees a year ago

** Consol rev from ops fell 8% Y/Y, hurt by stiff competition on pricing, co said

** Adds, margins hurt by lower realization owing to brand and channel mix

** More than 1.2 mln shares change hands, 2.9x its 30-day avg

** 12 analysts covering the stock on avg have a "hold" rating; median PT is 473 rupees - LSEG data

($1 = 86.5700 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Jan 28 (Reuters) - V I P Industries Ltd VIPI.NS:

• DEC-QUARTER CONSOL LOSS 124.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.01 BILLION RUPEES

Source text: ID:nBSE5sF9w7

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Dec 18 (Reuters) - V I P Industries Ltd VIPI.NS:

• VIP INDUSTRIES RECEIVES FAVOURABLE ORDER FROM MAHARASHTRA SALES TAX TRIBUNAL

• CONTINGENT LIABILITY AS ON MAR 31, 2024 TOWARDS LITIGATION WAS 3.58 BILLION RUPEES

Source text: ID:nBSE14FQXW

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** Shares of VIP Industries VIPI.NS fall 5.5% to 480 rupees, its steepest intraday drop since Oct. 7

** Luggage and travel bag maker posts Q2 loss of 330.5 million rupees ($3.93 million) vs profit of 132.8 mln rupees in the year ago

** VIP set to log biggest weekly drop since March 11, down 6.7% for the week so far

** Analysts' avg rating on stock is "buy;" their median PT is 496 rupees - LSEG

** Stock down 15% YTD

($1 = 84.0660 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Oct 23 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES SEPT-QUARTER CONSOL LOSS 330.5 MILLION RUPEES

• V I P INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.44 BILLION RUPEES

Source text for Eikon: ID:nBSEbcr1K

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** Shares of India's Unicommerce eSolutions UICO.NS rise ~2% to 210.5 rupees

** Still, co's stock poised for a third straight weekly loss, if current trend holds

** Co, whose services to clients include management of e-commerce ops, inked a partnership with luggage maker VIP Industries VIPI.NS, but did not disclose any financial details

** VIPI stock up 5.3% on the day, rival Safari Industries SAFA.NS gains 2%

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 6 (Reuters) - V I P Industries Ltd VIPI.NS:

• JUNE-QUARTER CONSOL PROFIT 40.4 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.39 BILLION RUPEES

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** Shares of luggage and travel bag maker VIP Industries VIPI.NS fall 4.3% at 502 rupees

** Co on late Friday posted a wider consolidated loss at 238.8 million rupees ($2.9 mln), from a loss of 42.6 mln rupees a year ago

** Consolidated revenue rose nearly 15%, while expenses climbed nearly 34%

** Co on track to mark three straight sessions of losses, if trend continues

** Avg rating of 11 analysts is a "hold"; median PT is 546 rupees, above stock's current trading price - LSEG data

** Including session's losses, VIPI stock down ~15% YTD, and set for its worst month this year

($1 = 83.5225 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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May 10 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES LTD MARCH-QUARTER CONSOL LOSS 238.8 MILLION RUPEES VERSUS LOSS 42.6 MILLION RUPEES

• V I P INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.16 BILLION RUPEES VERSUS 4.51 BILLION RUPEES

Source text for Eikon: ID:nNSE4Y9mt5

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** Luggage and travel bag maker VIP Industries' VIPI.NS shares close nearly 13% higher, after posting biggest one-day gain since mid-August 2021

** Stock among top gainers in Nifty small-caps index .NIFSMCP100

** VIP Industries remains optimistic on demand recovery, aims for revenue growth ahead of peers at 15%-18% in FY25 - brokerage Centrum

** Centrum upgrades stock to "buy"

** 5 of 10 analysts rate the company's shares "hold", median PT 550.50 rupees - LSEG

** Stock down 12.1% YTD vs small-caps index's 0.8% rise

(Reporting by Rama Venkat in Bengaluru)

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** Shares of luggage bags maker VIP Industries VIPI.NS fall as much as 3% to 450.05 rupees, lowest level since Aug. 26, 2021

** Stock on track for an eighth consecutive session of loss, if trend holds

** Brokerage Ambit downgrades VIPI to "sell" from "buy", reduces PT to 440 rupees from 675 rupees

** VIPI lost market share from 54% in CY12 to 37% in CY23 due to increased competition, supply chain management issues - Ambit

** Adds, VIPI's decision to drastically reduce dependence on China in manufacturing backfired, leading to unavailability of premium luggage

** VIPI's working capital levels have risen from ~20% in FY18 to 26%/30% in FY23/1HFY24 due to higher inventory levels - Ambit

** Prefers Safari Industries (India) SAFA.NS with "buy" rating due to continued market share gains, better channel execution

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of luggage bags maker VIP Industries VIPI.NS down 4.4%, lowest since Jan. 2021

** Fell as much as 6.1% earlier in the session

** Reuters could not immediately ascertain the reason for stock move

** Co logged six straight sessions of losses - losing near 16% in the sessions

** Including today's losses, stock is down ~12% this week so far, steepest weekly loss since March 2020

** Trading volumes at 1.6 times the 30-day avg

** Analysts' avg rating on co is "hold", their median PT is 566 rupees, a 15% premium on last closing price - LSEG

** Including today's losses, VIPI down ~21% YTD, it fell ~11% in 2023

(Reporting by Manvi Pant in Bengaluru)

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Feb 14 (Reuters) - V I P Industries Ltd VIPI.NS:

• V I P INDUSTRIES LTD - APPOINTED MANISH DESAI AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE4vcHZh

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Jan 30 (Reuters) - V I P Industries Ltd VIPI.NS:

• DEC-QUARTER CONSOL PROFIT 71.5 MILLION RUPEES VERSUS 441 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.46 BILLION RUPEES VERSUS 5.26 BILLION RUPEES

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Oct 31 (Reuters) - V I P Industries Ltd VIPI.NS:

• INDIA'S V I P INDUSTRIES LTD SEPT-QUARTER CONSOL PROFIT 132.8 MILLION RUPEES VERSUS PROFIT 434 MILLION RUPEES

• V I P INDUSTRIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.46 BILLION RUPEES VERSUS 5.15 BILLION RUPEES

Source text for Eikon: ID:nBSE4RxMR1

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Aug 15 (Reuters) - V I P Industries Ltd VIPI.NS:

• ANINDYA DUTTA TENDERED HIS RESIGNATION AS MD

• APPOINTS NEETU KASHIRAMKA AS MD DESIGNATE AND CFO

Source text for Eikon: ID:nNSE2gNRDD

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** Shares of luggage and travel bags maker V I P Industries VIPI.NS fall as much as 7% to 548.95 rupees, their lowest since June 15, 2022

** Co on Wednesday reported a 16.4% decline in June-quarter profit to 577.5 mln rupees ($7 mln)

** Expenses jumped 14.6%, led by purchase of stock-in-trade, outweighed a 7.7% rise in revenue to 6.36 bln rupees

** Nearly 912,000 shares change hands, 2.9X the 30-day moving average

** All eight analysts covering the stock rate it "buy" or "strong buy"; median PT is 836 rupees - Refinitiv data

** Stock down 11.6% YTD, as of last close

($1 = 82.6875 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Aug 2 (Reuters) - V I P Industries Ltd VIPI.NS:

• JUNE-QUARTER CONSOL PROFIT 577.5 MILLION RUPEES VERSUS PROFIT 691 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.36 BILLION RUPEES VERSUS 5.91 BILLION RUPEES

Source text for Eikon: ID:nNSE1FMvdy

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July 24 (Reuters) - V I P Industries Ltd VIPI.NS:

• RECEIPT OF INSURANCE CLAIM TOWARDS FIRE ACCIDENT AT CO'S WAREHOUSE AT GAUTAMBUDH NAGAR

• ACCORDED APPROVAL OF 407.8 MLN RUPEES AS FINAL SETTLEMENT OF INSURANCE CLAIM FOR FIRE ACCIDENT

Source text for Eikon: ID:nNSEbmwcCm

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July 21 (Reuters) - V I P Industries Ltd VIPI.NS:

• UPDATE ON ORDER GIVEN BY INDIAN COURT IN RESPECT OF THE TRADEMARK – CARLTON

• HAS FILED APPEAL AGAINST INTERIM ORDER, EXPECTING TO GET RELIEF FROM APPELLATE COURT SHORTLY

• DOES NOT ANTICIPATE ANY FINANCIAL IMPLICATIONS ON THE OPERATION OF THE COMPANY

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July 20 (Reuters) - V I P Industries Ltd VIPI.NS:

• DELHI HIGH COURT PASSED ORDER RESTRAINING CO FROM USING TRADEMARK CARLTON / CARLTON LONDON OR ANY VARIANTS OF SAME

• ORDER RESTRAINING CO FROM USING TRADEMARK FOR MARKETING, SELLING OR OFFERING TO SELL BAGS AND OTHER ALLIED GOODS

• DELHI HIGH COURT ALSO DISMISSED INTERIM APPLICATION IN A SUIT FILED BY CO AGAINST CARLTON SHOES AND CARLTON OVERSEAS

Source text for Eikon: ID:nBSE2tKTgl

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** Brokerage Ambit Capital prefers Safari Industries (India) SAFA.NS over V.I.P. Industries VIPI.NS on continued market share gains, better execution

** VIPI stock down 0.65% and SAFA drops 0.7%

** Brokerage says Safari is fastest growing luggage player in India over the last decade, outperforming peers at ~1.8x FY20

** VIPI stock is slowest to recover at ~1.2x FY20 levels, note adds

** SAFA's market share jumped to 23% in CY22 from 5% in CY12, VIPI's fell to 41% in CY22 from 54% in CY12 - note

** The ratings house positive on Indian luggage sector, says structural demand drivers intact

** Brokerage lists positive factors like a surge in travel demand, shift to branded products and faster replacement cycles

** Ambit maintains "buy", TP 800 rupees for VIPI; "buy", TP 3,600 rupees for SAFA

(Reporting by Hritam Mukherjee in Bengaluru)

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May 8 (Reuters) - V I P Industries Ltd VIPI.NS:

• INDIA'S V I P INDUSTRIES MARCH-QUARTER CONSOL LOSS 42.6 MILLION RUPEES VERSUS PROFIT 123.9 MILLION RUPEES

• V I P INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.51 BILLION RUPEES VERSUS 3.56 BILLION RUPEES

Source text for Eikon: [ID:]

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