May hike rates in Oct; margins will be hit on Re fall: VIP

The company had raised prices in April and August. It might undertake another price hike in October after assessing the current situation.

To hike prices this month, eyeing 100 bps margin rise: VIP

VIP Industries, one of the biggest luggage makers had recently launched new product in its line up. Generally, April-May-June quarter is the most important quarter for the company.

See 40-50% growth in profit before tax in FY12: VIP Inds

VIP Industries had shown smart growth in FY11 net profit. It grew 83.64% at Rs 88.7 crore, compared to Rs 48.3 crore in 2009-10. In an interview with CNBC-TV18, the company’s chairman Dilip Piramal says, he sees 40-50% growth in profit before tax (PBT) in FY12.

VIP Industries confident of achieving strong topline growth

Dilip G Piramal, Chairman, VIP Industries in an interview with CNBC-TV18 spoke about the latest happenings in the company and the road ahead.

Promoters not looking to sell their current holding: VIP

Private equity major Blackstone India has bought the 2% stake in VIP Industries through an open market transaction. The entire share buy is valued at around Rs 36-40 crore.

VIP Industries eyes more market share with new products

In an interview with CNBC-TV18, Dilip Piramal, chairman of VIP industries said,"We are looking forward to very good next year, followed by equally successful growth in the current year where we will have about 20% growth."