5078802026-04-012026-06-305078802026-04-012026-06-30in-capmkt:OtherExpenses1Member5078802026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15078802026-04-012026-06-30AuditorDomain1iso4217:INRiso4217:INRxbrli:shares507880VIPINDNOTLISTEDINE054A01027VIP Industries LimitedMain BoardEquity2026-04-012027-03-312026-08-122026-08-06INRCroresQuarterlyFirst quarterSingle segmentManufacturing of luggage and travel accessories2026-08-1214:00:002026-08-1216:05:00Declaration of unmodified opinionfalsefalseThere was no default on the loans during the quarter ended June 30, 2026. 2026-04-012026-06-30UnauditedStandalone56952000005110000057463000001519600000186210000032540000043220000015450000028600000017577000006337500000-5912000000-5912000000360000036000000-5948000000000-5948000004200000-5906000002841000002-4.19-4.1900-4.19-4.19Notes: <br /> 1 The results for the quarter ended June 30, 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on August 12, 2026. The above results for the quarter ended June 30, 2026 have been reviewed by the Statutory Auditors of the Company in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. <br /> 2 This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 Ind AS, prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. <br /> 3 The Company's business segment consists of a single segment of "Manufacturing and marketing of luggage and bags" as per Indian Accounting Standard (Ind AS-108) Operating segment requirement. <br /> 4 The consolidated financial results for the quarter ended June 30, 2026, include the results of its subsidiary companies viz; VIP Industries Bangladesh Private Limited, VIP Industries BD Manufacturing Private Limited, VIP Luggage BD Private Limited, VIP Accessories BD Private Limited and Blow Plast Retail Limited. <br /> 5 Exceptional item disclosed above includes the following: <br /> Sr No Particulars Standalone Consolidated <br /> For the quarter ended For the year For the quarter ended For the year <br /> ended ended <br /> March 31 June 30 March 31 March 31 June 30 March 31 <br /> 2026 2025 2026 2026 2025 2026 <br /> (unaudited) (unaudited) (audited) (unaudited) (unaudited) (audited) <br /> 1 Gain towards sale <br /> of non-core assets 63.53 63.53 <br /> (Refer note 9) <br /> 2 Receipt of the <br /> insurance claim from <br /> the Insurance Company <br /> relating to loss of property, <br /> plant and equipment and <br /> inventories that were 0.53 4.57 0.53 4.57 <br /> destroyed due to a fire <br /> at the Company's <br /> regional warehouse <br /> at Guwahati on <br /> May 17, 2025 <br /> 3 Partial receipt of <br /> the insurance claim <br /> from the Insurance <br /> Company relating to <br /> a loss of property, <br /> plant and equipment <br /> and inventories that <br /> were destroyed due 7.00 15.15 <br /> to a major fire at a <br /> plant of the Company's <br /> subsidiary (VIP Industries <br /> Bangladesh Private Limited) <br /> located in Bangladesh, <br /> on January 31, 2023 <br /> 4 Impact for loss of <br /> property, plant and <br /> equipment and inventories <br /> that were destroyed due (5.07) (5.07) (5.07) (5.07) <br /> to a fire at the Company's <br /> regional warehouse at <br /> Guwahati on May 17, 2025 <br /> Total 0.53 (5.07) 63.03 0.53 1.93 78.18 <br /> <br /> 6 The Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on April 28, 2026, approved to grant new stock appreciation rights to eligible employees of the Company, in accordance with the terms and conditions of the VIP Employees Stock Appreciation Rights plan 2018 named 'ESARP 2018' as approved by the shareholders of the Company on July 17, 2018. Accordingly, during the current quarter ended June 30, 2026, the Company has granted 1,20,000 stock appreciation rights to eligible employees resulting in a net expense of Rs. 0.09 Crores during the quarter ended June 30, 2026. Further, 96,000 ESAR's have been lapsed/forfeited during the quarter ended June 30, 2026 respectively.  <br /> 7 A commercial Suit is filed against the Company at Bombay City Civil Court, by a Company based in China in respect of commercial dispute for recovery of amount of Rs. 6.41 crores towards supply of material to the Company not acknowledged as debts. The Company is defending the matter and has obtained an independent legal opinion and accordingly no provision for any liability has been made in the financial results. <br /> 8 There is an ongoing dispute between the Company and Carlton Shoes Ltd. & Anr, with respect to the ownership and usage right to the “Carlton” brand in India. The matter is being heard on merits and is presently sub-judice before the Delhi High Court. Pending resolution of this matter, the Company had obtained interim relief from the Hon’ble Supreme Court of India (vide its order dated January 23, 2026) to sell existing inventory in India under the brand 'CARLTON' up to May 31, 2026. Accordingly, the Company has sold all of its inventory under the said brand on or before May 31, 2026. Pending conclusion of the dispute no new inventory is being manufactured or sold under the ‘Carlton’ brand by the Company in India. The Company is pursuing the dispute and will decide its course of action with respect to the ‘Carlton’ brand in India based on the outcome of the matter. The Company continues to have global rights for selling products under the mark 'CARLTON'. <br /> 9 The Company had identified certain assets of the Company currently being classified as Property Plant and Equipment and Investment Properties, as non-core assets of the Company. <br /> Pursuant to the applicable provisions of the Companies Act 2013 and the related applicable Rules, the Board at its meeting held on September 16, 2025 and December 29, 2025 have approved the transaction for the sale of the above mentioned assets to the identified entities at an arm’s length basis and in accordance with the price arrived as per the valuation report. The Company has completed the said sale transaction for part of the non-core assets during the year ended March 31, 2026. The gain on the sale of assets is as per note 5 above. As at June 30, 2026, the remaining of the non-core assets have been classified as 'Current Assets held for Sale'. Subsequently sale of the said non-core assets has been completed in July, 2026 for a gross consideration of Rs. 51.18 Crores. <br /> 10 The standalone results included a provision towards inventories amounting to Rs. 93.74 Crores accrued during the year ended March 31, 2026. Further, the consolidated results included a provision towards inventories amounting to Rs. 122.66 Crores accrued during the year ended March 31, 2026. Subsequently there has been a reversal of the said provision aggregating to Rs. 12.31 Crores during the quarter ended June 30, 2026, in the standalone and consolidated results respectively. <br /> 11 The Company has restricted the recognition of Deferred Tax Assets in the standalone financial results considering the carried forward business losses and the management review of business plans. <br /> 12 The figures of the quarter ended March 31, 2026 are balancing figures between the audited figures in respect of the full financial year ended on March 31, 2026 and the unaudited published year to date figures upto third quarter ended on December 31, 2025, which were subjected to Limited review by the Statutory Auditors. <br /> Other Expenses1757700000Amount of items that will not be reclassified to profit and loss53000005300000110000004200000UnauditedtrueM/s Price Waterhouse Chartered Accountants LLPtrue2026-11-30