Whalesbook
VIP Industries reported a challenging Q2 FY26 with a 25% year-on-year sales decline, signaling market share loss against competitors like Samsonite and Safari. The company faced margin pressure due to a Rs 55 crore provision for slow-moving inventory. However, new management is implementing a strategy focusing on supply-chain efficiency, e-commerce, and exiting weak brands, aiming for normalcy by FY27.