08 November 2021, Mumbai:
For the second quarter VIP Clothing’s revenue rose by 44 percent. Net profit was Rs 2 crores against a net loss of Rs 31 lakhs in the year-ago period. Total income was Rs 84 crores while its net loss during the period stood at Rs 1 crores.
The company has attributed the rise in sales and net profit to the gradual opening of markets post the Covid-19 caused disruptions. The company expects strong sales in the coming quarters on the back of a good festive season coupled with the easing of Covid-19 related restrictions across the country.
VIP is one of India’s leading intimate apparel companies providing intimate wear to consumers across various segments under different brands. It has a pan-India presence with one of the largest distribution networks. Mature, robust, dependable, and composed; a true representation of the Indian male, that's what brand VIP stands for.
The brand came from the simple belief that even the common man deserved to be treated like a dignitary – a person to be reckoned with. For more than 40 years, VIP has been consistently delivering quality products that provide utmost comfort to the consumer coupled with a style quotient.
The products not only appeal to one’s aesthetic senses but also provide a regal level of comfort.
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