Whalesbook
Motilal Oswal's research report indicates VIP Industries' Q2FY26 results were below estimates, with a 25.3% YoY revenue decline and reported losses at EBITDA/PAT levels. Reasons cited include rationalized trade discounting, lower BBD sales, and reduced channel discounts. The company is reducing inventory and plans to liquidate non-core assets. Despite the miss, a BUY rating is maintained with a revised Price Target of INR 490, driven by confidence in brand revival following Multiples Private Equity's controlling stake acquisition and an expected refreshed strategy focused on efficiency and retail expansion.