VIP Clothing Ltd witnessed a 130 per cent rise in net profit to Rs 6 crore for the quarter ended 30th June, as against Rs 2 crore in the year-ago period.
The company’s revenue for the quarter rose by 6 per cent to Rs 54 crore, as against Rs 50 crore in the corresponding quarter of the previous fiscal year.
“Our unwavering commitment to fortifying our brand’s position in the market has yielded impressive results. Despite the prevailing economic uncertainties like delayed consumer purchase, elevated inventory, and raw material cost, we managed to steadily grow, reflecting the strength of our brand equity and the demand for our products,” the company said in a statement.
One of the top manufacturers of intimate apparel in India is VIP Clothing, which sells a variety of brands of intimate clothing to customers in different market categories. It has one of the biggest distribution networks and is present throughout all of India.
