The Board of Directors of V.I.P. Industries Limited, at their meeting held on February 14, 2026, approved the un-audited consolidated financial results for the quarter ended December 31, 2025. For the current quarter (Q3 FY26), the company reported a total income of ₹565.48 Crores, representing a 4.19% increase compared to ₹542.76 Crores in the preceding quarter (Q2 FY26) and a 3.49% increase from ₹546.43 Crores in the corresponding quarter of the previous year (Q3 FY25). Despite revenue growth, the company posted a net loss of ₹3.68 Crores for the quarter, which is a significant improvement from the heavy loss of ₹139.03 Crores in the previous quarter but a decline from the profit of ₹7.15 Crores recorded in the same period last year. The loss was partly attributed to a provision of ₹3.63 Crores recognized for new labor codes.

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V.I.P. Industries Limited, incorporated in 1968, is a prominent global player in the luggage and travel accessories industry, recognized as the world’s second-largest and Asia’s largest luggage manufacturer. Headquartered in Mumbai, the company operates a diverse brand portfolio including VIP, Skybags, Carlton, Aristocrat, and Caprese, catering to various market segments from value to premium. In a major strategic shift in 2025, the founding Piramal family entered into an agreement to sell a 32% stake to a consortium led by Multiples Private Equity, with the transaction concluding in late 2025. This ownership transition, which saw the Multiples group classified as promoters, is aimed at reviving the company’s legacy and market share amidst intense competition from new e-commerce entrants. Recent 2025 updates include the appointment of a new Chief Marketing Officer and the divestment of the “VIP House” property in Mumbai for ₹40.71 Crores to strengthen the balance sheet. Historically, the company has attracted high-profile investors, including Rare Enterprises.