V.i.p.industries Ltd. · NSE:VIPIND
V.i.p.industries — Q4 FY26 Earnings Presentation
21 slides from V.i.p.industries's earnings presentation, May 15, 2026
Slide 1: Regulation 30 Disclosure Cover Letter
May 15, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal St, Kala Ghoda, Fort, Plot No. C/1, G Block, Mumbai – 400001 Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. BSE Code No. 507880 NSE Code – VIPIND Dear Sir / Madam, Subje
Slide 2: VIP Investor Presentation
VIP Investor Presentation May 2026
Slide 3: Timeline: Change of Control
Timeline: Change of Control End of Dec’2025 Q4’26 Sep’2025 Atul Jain appointed as Transaction completed Senior Team Onboarded new CEO
Slide 4: Summarizing the Growth Agenda
Summarizing the Growth Agenda FY28 & Beyond FY27 Stronger Growth H2 FY26 Re-start Growth Regain lost market share Build on momentum; grow with • Higher growth focus Stabilizing the Ship premiumization • Stable state margin achievement Bring positivity in the ecosystem • New product rollout • Operati
Slide 5: Past Challenges Resulting in VIP Losing Market Share
Past Challenges Resulting in VIP Losing Market Share Bloated Company & Channel Inefficient Supply Chain Broken Brand Architecture & Market Connect Inventory (Sep 25) & Manufacturing • ~Rs 700 Cr of FG+ RM inventory Market Connect • Fragmented Warehousing (25+) and Logistics (50+ • Significant part o
Slide 6: Actions Taken by the New Management
Actions Taken by the New Management Channel inventory Company inventory Brand Architecture and Supply Chain and optimized optimization completed Product Roadmap Manufacturing initiated All channels at <60 days of Gross Inventory reduced 45 lac Brand Architecture units 28 lac units Q4 Bangladesh EB
Slide 7: Result of Action: Balance Sheet Clean-Up Completed
Result of Action: Balance Sheet Clean-Up Completed Q4’25 Q4’26 Net Debt Rs 367 Cr Rs 295 Cr Net Inventory Rs 698 Cr Rs 472 Cr ~Rs 230 Cr of Inventory reduction & ~Rs 70 Cr of Net Debt Reduction Achieved Since Mar’25 Inventory normalized at ~75 days as of Mar’26 Numbers : in Rs Cr
Slide 8: Result of Action: Offline Has Turned Around
Result of Action: Offline Has Turned Around H1’26 H2’26 Offline + Caprese Rs 750 Cr Rs 724 Cr Rev / YOY Growth -11% -3% Channel stocking corrected in Q4’26 Online Rs 215 Cr Rs 159 Cr Conscious Call to reduce primary Rev / YOY Growth -36% -34% Overall Rs 965 Cr Rs 884 Cr Rev / YOY Growth -18% -10% De
Slide 9: Q4'FY26: Company Profitability Impacted by One-time costs
Q4’FY26: Company Profitability Impacted by One-time costs Rs Cr Q1'26 Q2’26 Q3'26 Q4'26 EBITDA 29 (96) (74) (79) One time Inventory Provisions (13) (55) (64) - No Incremental provisions in Channel Inventory Liquidation Support 30 Q4’26 Other One time costs 23 Adjusted EBITDA 16 (41) (10) (25) In add
Slide 10: In Summary: Green shoots visible; Growth & Profitability to follow
In Summary: Green shoots visible; Growth & Profitability to follow Employee Morale New Product Inventory & team build-out Launches Channel Partner Forecasting & Fill Net Debt Engagement rates Key Input Variables showcase encouraging signs: Growth & Profitability to follow
Slide 11: Organization under transformation
VIP Organization under transformation New and Brand Focused Energized Team Organization Stronger than ever New and Refreshed New and Refreshed market connect Product design Communication
Slide 12: A) New VIP: Energized by 'People'
A) New VIP: Energized by 'People’ Atul Jain: CEO Blending New Energy …. … with strong experience Rahul Poddar Alok Pathak Sameer Wanchoo Ashish Saha Anjan Mohanty CFO CSO CMO India Manufacturing Bangladesh 40+ Years at VIP Manufacturing 4+ Years at VIP V Harikumar Sanjeev Sharma Ramneek Walia MVH Sa
Slide 13: B) Building a Brand Focused Organization
B) Building a Brand Focused Organization 05 Disciplined in-store execution by Brand Brand-specific VM, planograms and POS — a distinct shopper experience for each brand 04 Targeted & Relevant Brand Communication Audience-, message- and channel-led campaigns reinforcing each brand's distinct position
Slide 14: C) Channel Connect stronger than ever (1/2)
C) Channel Connect stronger than ever (1/2) • Conducted BP roadshows across 20+ cities (Jan) • Conducted Luggage roadshows across 10+ cities (Mar). Deepening NPD Roadshows for channel partners Relationship • 250+ dealers visited Nashik factory with Channel • 50+ dealers visited VIP HO Partners • CEO
Slide 15: C) Channel Connect stronger than ever (2/2)
C) Channel Connect stronger than ever (2/2)
Slide 16: D) Concept Driven Functional Designs
D) Concept Driven Functional Designs Flexy Flap Front Flexy Flap Set offering with 90:10 Laptop Opening Front Laptop Opening Vanity Case Silent Wheels Suspension Wheels Coffee & Mobile Holder NPD launches in April
Slide 17: E) Creating Aspiration Through A+ Content (1/4)
E) Creating Aspiration Through A+ Content (1/4)
Slide 18: E) Creating Aspiration Through A+ Content (2/4)
E) Creating Aspiration Through A+ Content (2/4)
Slide 19: E) Creating Aspiration Through A+ Content (3/4)
E) Creating Aspiration Through A+ Content (3/4)
Slide 20: E) Creating Aspiration Through A+ Content (4/4)
E) Creating Aspiration Through A+ Content (4/4)
Slide 21: Summarizing the Growth Agenda
Summarizing the Growth Agenda FY28 & Beyond FY27 Stronger Growth H2 FY26 Re-start Growth Regain lost market share Build on momentum; grow with • Higher growth focus Stabilizing the Ship premiumization • Stable state margin achievement Bring positivity in the ecosystem • New product rollout • Operati