VIP Industries Management Meet Update - Gearing For A Normal Sales Season: Prabhudas Lilladher
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Prabhudas Lilladher Report
Our interaction with management of VIP Industries Ltd. reveals-
price hike of 4.5% has been taken from November 15 to counter inflationary trends,
capex plan of ~Rs 500 million odd is on the anvil to expand capacity at Bangladesh and Nashik and
ocean freight is at abnormally high levels due to scarcity of containers resulting in stock keepig unit shortages.
However, VIP Industries has tied-up with contract manufacturers to counter this problem temporarily.
Anticipating a normal sales season in Q1 FY23, inventory stocking is expected in H2 FY22.
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