VIP Clothing Ltd reports Q3 net profit of Rs 2 crore

VIP Clothing Ltd reported a net profit of Rs 2 crore ($2,30,304) for the third quarter ended December 2024, as against net loss of Rs 3 crore in the year ago quarter.

The company’s revenue for the quarter rose by 40 percent to Rs 63 crore, as against Rs 45 crore in the corresponding quarter of the previous fiscal year.

“We have successfully raised funds to strengthen our working capital and launch exciting new product segments. This strategic direction has led to strong product acceptance and sustained growth. We are planning to launch new products under the Frenchie X range in the upcoming quarter, which we anticipate a positive reception,” VIP Clothing Ltd spokesperson said in a statement.

“Our strategic plan encompasses expanding our brand presence by entering new territories, with a particular emphasis on tier 2 and tier 3 cities. This expansion is designed to broaden our customer base and enhance market penetration,” the spokesperson added.

During the quarter, the company established partnerships with leading quick commerce platforms. Its products are now available across large format stores, retail outlets, e-commerce, and quick commerce channels.