VIP IND 
Poor performance in a seasonally strong quarter

Revenue -8.3% at 501 Cr
EBITDA -45% at 28 Cr
Margins at 5.7% vs 9.6% 
Net Loss at 12 Cr vs PAT of 7.1 Cr

Co has reported net losses in 3 qtrs out of last 4
Co's market cap nearly half of Safari Ind, now

#FMCGisLife
#FMCGisLife