VIP Industries: In Q3, VIP Industries sales doubled over Q2:

VIP Industries: In Q3, VIP Industries sales doubled over Q2: Dilip Piramal


VIP Industries, says that he has not seen any marked shift in demand pattern. Cheaper goods are selling much more and the company’s margins are lower.
It is unsurprising that you have seen a hit to your top line but are you seeing any sort of recovery because Q3 included the festive as well as the wedding season, a period which historically has been a strong point for
Yes definitely the situation is changing and you can see that from our revenue. We are among the worst affected industries as luggage is dependent on the travel industry which has been badly affected. In the first quarter of the current fiscal year, our sales were only 7% and in the second quarter they were 25%. In Q3, they have reached 54%. So, definitely, it has been more than doubled compared to the second quarter. This trend is continuing and that is a good sign.

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