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ICICI Direct: VIP Industries’ Cost Optimisation, Strong Balance Sheet To Tide Over Tough Demand Scenario

VIP Industries was able to materially reduce operating overheads by 60%, which cut ebitda losses in the July-September period.

Shoppers browse luggage at a store in Garden City, New York, U.S. (Photographer David Williams/Bloomberg)
Shoppers browse luggage at a store in Garden City, New York, U.S. (Photographer David Williams/Bloomberg)
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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