VIP Clothing Limited, formerly known as Maxwell Industries Limited until its name change in October 2016, was founded in 1971 and is based in Mumbai, India. Incorporated in 1991, VIP Clothing Ltd. is a prominent player in the textile and garments sector, specializing as a manufacturer, marketer, and distributor of men's and women's innerwear and socks. The company has established itself as a significant manufacturer in the innerwear segment, catering to both domestic and international markets through its diversified brand portfolio.
The company engages in the manufacture, marketing, and distribution of garments in India. Its product offerings include innerwear and socks for men and women under well-known brands such as VIP, Frenchie, Feelings, Leader, and Brat. VIP Clothing Ltd. also exports its products, extending its reach beyond the domestic market.
VIP Clothing operates through multiple brand channels designed to serve different market segments effectively. The company is involved in the manufacturing, marketing, and distribution of men's and women's innerwear and socks under the brand names VIP, Frenchie, Feelings, and Leader. Each brand is strategically positioned to target specific customer demographics and price points, enabling the company to capture a broader market share across various consumer segments.
The company has been actively expanding its retail presence and distribution network. A notable initiative includes the launch of "Frenchie X" innerwear, which has seen expansion into Kerala and plans to extend to over 140 stores nationwide, supported by new retail and delivery partnerships. This expansion underscores the company's commitment to strengthening its market position and improving accessibility for consumers across different regions.
VIP Clothing Ltd. is positioned as a mid-cap stock in the Indian equity market, with a market capitalization of ₹379 crore as of May 2025. The company's stock is traded on both the NSE and BSE exchanges under the symbol VIPCLOTHNG, offering investors multiple avenues for participation.
The company demonstrated a remarkable financial turnaround in FY25. VIP Clothing Limited announced a significant revenue increase in Q4 FY25, reaching ₹64.36 crore, more than doubling from ₹32.38 crore in the same period last year (YoY). This growth reflects strong operational performance and positions the company favorably for the upcoming financial year. For the quarter ended March 31, 2025, VIP Clothing posted revenue of ₹64.36 crore, significantly surpassing ₹32.38 crore in Q4 FY24 and ₹51.63 crore in Q4 FY23. This marks the company's highest Q4 revenue in recent years.
- Market Cap: ₹379 crore (as of May 2025)
- Q4 FY25 Revenue: ₹64.36 crore (March 2025)
- FY25 PAT: ₹54.6 million
- Revenue Growth (FY25): 29% year-on-year
- 52-Week High: ₹53.15
- 52-Week Low: ₹28.00
VIP Clothing Ltd.'s share price has shown a notable range over the past year, with a 52-week high of ₹53.15 and a 52-week low of ₹28.00. This price range reflects the stock's volatility and the market's sentiment fluctuations throughout the trading year. Over the last three years, the stock price has moved up by 86.68% on BSE, indicating strong long-term performance despite short-term volatility.
The stock has exhibited positive momentum, particularly following strong quarterly results. Shares of VIP Clothing Ltd. saw a surge of 12.92% in early trading on Friday to ₹35.22 after the company reported a sharp jump in its Q4 FY25 standalone revenue. This strong topline performance has renewed investor optimism, positioning the stock among the top gainers on the NSE on that day.
The promoter holding in VIP Clothing Ltd. has seen a reduction, standing at 46.55% as of March 2025, down from 49.59% as of September 2024. This indicates some dilution, which could be attributed to various corporate actions or strategic decisions by the management.
In terms of leadership, Sunil J Pathare serves as the Chairman and Company Secretary for VIP Clothing Ltd. The management team continues to drive the company's strategic initiatives and operational improvements, as evidenced by the recent financial performance recovery.
VIP Clothing Ltd. operates within a competitive textile and apparel manufacturing sector. Its top peers in the Industrials sector include companies like Filatex Fash., Lakshmi Mills, Pasupati Acrylon, DCM Nouvelle, Axita Cotton, and Aarvee Denims. Key differentiating factors in this industry include brand recognition, distribution efficiency, and product quality.
The company has been actively focusing on operational improvements and market expansion strategies. Management has attributed the recent growth to improved operational efficiencies and a demand revival across its product lines. These efforts have contributed significantly to the company's return to profitability and stronger revenue performance in recent quarters.
VIP Clothing Ltd. represents a compelling recovery story in the textile sector. Its strong recent financial performance indicates potential for sustained growth. The company's diversified brand portfolio, expanding distribution network, and improved operational metrics position it as a noteworthy investment consideration within the mid-cap textile and apparel segment. However, investors should carefully evaluate the company's long-term strategy, competitive positioning, and market dynamics before making investment decisions.
