VIP Clothing Limited has informed the Exchange about Investor Presentation
February 12, 2025
To,
To,
The Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex Bandra (East), Mumbai-400 051.
Scrip Code : 532613
Trading Symbol : VIPCLOTHNG
Sub: VIP CLOTHING LTD. – Investor Presentation on the Un-audited Financial Results for the Third Quarter Nine months ended on December 31, 2024.
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclose herewith the Investor Presentation on the Un-audited Financial Results of the Company for the Third Quarter and Nine months ended on December 31, 2024.
The Investor Presentation has been uploaded on the website of the Company www.vipclothing.in
This is for your information and record.
Thanking you
Yours faithfully, For VIP Clothing Limited
Rahul Soni Company Secretary and Compliance Officer Membership No.: A61305
Encl: A/a
VIP Clothing Ltd. CIN: L18101MH1991PLC059804 Registered office: C-6, Road No.22, MIDC, Andheri (East), Mumbai -400 093. Phone: +91 22-2825 7624; Fax: +91 22-2837 1023 Email- id: investor.relations@viporg.com; Website: www.vipclothing.in
About VIP Clothing Ltd
➢ Incorporated in 1991 and headquartered in Mumbai, VIP Clothing Ltd.
(“VIP” or “the Company”) led the way in establishing India’s branded innerwear market, with a focus on comfort and quality.
➢ The company is involved in the manufacturing, marketing, and distribution of men’s and women’s innerwear and socks under the brand names VIP, Frenchie, Feelings, and Leader.
➢ VIP boasts an in-house manufacturing facility in Tamil Nadu, which is
certified with TUV-ISO 9000, highlighting the company's dedication to quality management systems and excellence in design, manufacturing, and delivery.
➢ VIP is one of India’s leading intimate apparel companies, offering a range of intimate wear across various segments under multiple brands, with one of the most extensive sales and distribution networks for innerwear products.
Robust Distribution Network
10+ E-commerce platforms
190+ Marketing & Sales Professionals
3 Warehouses in Mumbai, Kolkata & Thingalur
445+ Distributors
5 Exclusive Brand Outlets (EBOs)
~ 40,000
Retailers
Key Financial Metrics
Revenue from Operations (QoQ)
592.3
626.3
448.9
Revenue from Operations (YoY)
(Rs. In Mn)
1,719.8
1,750.0
1,700.0
1,650.0
1,600.0
1,550.0
1,500.0
1,450.0
1,400.0
1,509.0
Q3FY24
Q2FY25
Q3FY25
9MFY24
9MFY25
EBITDA and EBITDA Margin (QoQ)
EBITDA and EBITDA Margin (YoY)
7.5%
5.8%
46.9
34.1
Q3FY24
Q2FY25
Q3FY25
(2.5%)
(11.3)
8.0%
6.0%
4.0%
2.0%
0.0%
(2.0%)
(4.0%)
120.0
100.0
80.0
60.0
40.0
20.0
0.0
6.3%
109.0
2.0%
30.7
9MFY24
9MFY25
EBITDA
EBITDA Margin %
EBITDA
EBITDA Margin %
PAT and PAT Margins (QoQ)
PAT and PAT Margin (YoY)
3.2%
1.4%
8.1
20.0
Q3FY24
Q2FY25
Q3FY25
(33.8)
(7.5%)
4.0%
2.0%
0.0%
(2.0%)
(4.0%)
(6.0%)
(8.0%)
(10.0%)
40.0
30.0
20.0
10.0
0.0
(10.0)
(20.0)
(30.0)
(40.0)
(50.0)
(60.0)
1.8%
30.4
9MFY24
9MFY25
(52.5)
(3.5%)
PAT
PAT Margin %
PAT
PAT Margin %
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
3.0%
2.0%
1.0%
0.0%
(1.0%)
(2.0%)
(3.0%)
(4.0%)
700.0
600.0
500.0
400.0
300.0
200.0
100.0
0.0
50.0
40.0
30.0
20.0
10.0
0.0
(10.0)
(20.0)
30.0
20.0
10.0
0.0
(10.0)
(20.0)
(30.0)
(40.0)
Consolidate P&L Statement
Particulars (Rs. Mn)
Q3 FY25 Q3 FY24
YoY (%) Q2 FY25 9M FY25 9M FY24
YoY (%)
Revenue from Operations
626.3
448.9
39.5%
592.3
1,719.8
1,509.0
14.0%
Other Income
Total Revenue
Total Expenses excluding D&A and Finance cost
2.4
1.0
3.2
7.0
3.3
628.7
449.9
39.7%
595.5
1,726.7
1,512.3
14.2%
579.4
460.2
558.2
1,610.8
1,478.3
EBITDA (excl. OI)
46.9
(11.3)
34.1
109.0
30.7 254.8%
EBITDA Margin %
7.5%
(2.5%)
5.8%
6.3%
2.0%
Depreciation & Amortization
Finance Cost
PBT before Exceptional Items and Tax
7.0
17.9
6.6
22.0
6.9
19.8
20.9
56.9
20.2
65.7
24.5
(38.9)
10.6
38.2
(51.9)
Exceptional Items
-
-
-
-
-
PBT
24.5
(38.9)
10.6
38.2
(51.9)
Tax Expense
4.5
(5.1)
20.0
(33.8)
2.6
8.1
7.9
0.6
30.4
(52.5)
PAT
PAT Margin %
Diluted EPS
3.2%
(7.5%)
1.4%
1.8%
(3.5%)
0.22
(0.41)
0.10
0.34
(0.64)
Management Commentary
We are pleased to report strong performance for Q3 FY25, with revenue increasing by an impressive 39.5%, reaching ₹626.3M compared to ₹448.9M in Q3 FY24. EBITDA surged to ₹46.9M in Q3 FY25, a significant turnaround from the loss of ₹11.3M in Q3 FY24. Our EBITDA margin for Q3 FY25 was 7.5%, reflecting efficient operational management. Additionally, our PAT stood at ₹20.0M, from the loss of ₹33.8M in Q3 FY24.
For the 9-month period, revenue from operations grew by 14.0%, amounting to ₹1,719.8M in 9M FY25, compared to ₹1,509.0M in 9M FY24. EBITDA saw a remarkable increase of 254.8%, from ₹30.7M in 9M FY24 to ₹109.0M in 9M FY25, with EBITDA margins improving by 430 bps to 6.3% from 2.0%. Our PAT for the 9 months stood at ₹30.4M, a substantial improvement from the loss of ₹52.5M in 9M FY24, underscoring the company's robust financial recovery and growth trajectory.
We are dedicated to consistently introducing innovative products that closely align with our customers preferences and market demands. We have successfully raised funds to strengthen our working capital and launch exciting new product segments. This strategic direction has led to strong product acceptance and sustained growth. We are planning to launch new products under the Frenchie X range in the upcoming quarter, which we anticipate a positive reception.
Our strategic plan encompasses expanding our brand presence by entering new territories, with a particular emphasis on tier 2 and tier 3 cities. This expansion is designed to broaden our customer base and enhance market penetration. Furthermore, we aim to diversify our product portfolio, offering an extensive range of products to cater to diverse customer needs and preferences.
Furthermore, we have established partnerships with leading quick commerce platforms, and our products are now available across large format stores, retail outlets, e-commerce, and quick commerce channels. Notably, during this quarter we have collaborated with Swiggy Instamart to offer instant 10-minute delivery of our men's innerwear brand, Frenchie. This initiative targets modern consumers who prioritize convenience and speed, positioning VIP as a pioneer in leveraging quick commerce within the fashion industry. To support these initiatives, we are strategically investing in digital marketing to elevate our online presence and engage a wider audience. By leveraging digital channels, we aim to enhance brand awareness, drive online sales, and foster stronger customer relationships. These efforts will expand our market share and underscore our commitment to growth and innovation.
To effectively address market demands, we are steadfast in our commitment to deploying a dynamic and comprehensive Distribution Management System. Our objective is to augment supply chain productivity through meticulous management of dealers and inventory. By persistently optimizing our distribution processes and inventory practices, we ensure that our operations remain streamlined, efficient, and cost-effective.
Through our strategic measures and rigorous financial management, we aspire to streamline our operations, optimize our resources, and reduce overhead expenses. With a strong legacy in innerwear and loungewear, we are embracing this transformative phase with a focus on sustainable growth, innovation, and operational excellence.
For further information on The Company, please visit: https://www.vipclothing.in/
Disclaimer:
Certain statements in this document may be forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. VIP Clothing Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstance
Contact Details:
Rahul Soni
VIP Clothing Limited
rahul.soni@viporg.com
Contact: 022-40209000
Krunal Shah/ Vinayak Shirodkar
Captive IR Strategic Advisors Pvt Ltd
krunal@cap-ir.com / vinayak@cap-ir.com
Contact: +91 93724 67194 / +91 88282 97287