V I P Industries slips to a Rs 53.56 cr consolidated loss
Expenses exceeded revenue, while interest and depreciation pushed the company further below its operating result.
Filed 12 Aug 2026, 18:02 IST · after market close · V I P Industries Ltd (VIPIND)
Key takeaways
- V I P Industries reported a consolidated operating loss of Rs 11.12 cr in Q1FY27 as expenses of Rs 589.48 cr exceeded revenue of Rs 578.36 cr.
- Net loss was Rs 53.56 cr, after interest of Rs 16.17 cr and depreciation of Rs 31.43 cr added to the operating loss.
- Its operating margin of -1.92% was 15.21 percentage points below the 13.29% median for 156 Consumer Discretionary peers.
Price around the results
Operating loss set the quarter apart
V I P Industries posted a consolidated operating loss of Rs 11.12 cr in Q1FY27, with expenses of Rs 589.48 cr above revenue of Rs 578.36 cr. Other income of Rs 4.07 cr was not enough to offset the operating loss, interest of Rs 16.17 cr and depreciation of Rs 31.43 cr. Profit before tax was therefore a loss of Rs 54.65 cr.
Costs left margins below the peer median
The company’s operating margin was -1.92%, reflecting the mismatch between revenue and expenses in the quarter. The margin was 15.21 percentage points below the 13.29% median among 156 Consumer Discretionary peers that had reported the same quarter. V I P Industries ranked 10th from the bottom on this measure.
Tax credit only modestly reduced the loss
The tax line was a credit of Rs 1.09 cr, producing a reported tax rate of 1.99% on the loss before tax. That credit reduced the loss to Rs 53.56 cr but did not materially change the quarter’s operating picture. EPS was negative at Rs 3.77.
Results were filed after market close
The consolidated results were filed at 18:02 IST on 12 August 2026, after market close. There is no reported post-results stock reaction yet, so the quarter’s market response cannot be assessed in this note.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹578 cr |
| Other income | ₹4 cr |
| Expenses | ₹589 cr |
| Operating profit | ₹-11 cr |
| Operating margin (%) | -1.92% |
| Interest | ₹16 cr |
| Depreciation | ₹31 cr |
| Profit before tax | ₹-55 cr |
| Tax | ₹-1 cr |
| Net profit | ₹-54 cr |
| EPS (₹) | ₹-3.77 |
Operating margin of -1.92% compares with a Consumer Discretionary sector median of 13.29% across 156 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves above -1.92%.
- Whether expenses fall below revenue of Rs 578.36 cr.
- Whether interest remains near Rs 16.17 cr and depreciation near Rs 31.43 cr.