V.I.P. Industries has reported its financial results for the year ended March 31, 2026, reflecting a challenging fiscal period. The company recorded a consolidated annual revenue of ₹1,858.13 crore and a net loss of ₹338.01 crore. Additionally, the company announced the upcoming appointment of Deloitte Haskins & Sells Chartered Accountants LLP as its new statutory auditor for a five-year term, following the completion of two terms by the outgoing firm.
Annual Financial Performance
For the financial year ended March 31, 2026, V.I.P. Industries reported consolidated revenue from operations at ₹1,858.13 crore, compared to ₹2,178.43 crore in the previous year. The company faced significant headwinds, reporting a consolidated net loss of ₹338.01 crore for the year. The fourth quarter specifically saw a revenue of ₹436.23 crore with a net loss of ₹128.90 crore.
Strategic Changes and Operational Highlights
During the fiscal year, the company underwent a significant ownership transition. The Multiples Private Equity Fund acquired control and is now classified as the promoter of the company, following a share purchase agreement initiated in July 2025. This change in control has influenced the company’s management review and business planning, including a more conservative approach regarding the recognition of Deferred Tax Assets.
Auditor Transition
Following the conclusion of the 59th Annual General Meeting later this year, the company will transition its statutory audit services. The Board has recommended the appointment of Deloitte Haskins & Sells Chartered Accountants LLP. This appointment is for a term of five years, spanning from the conclusion of the 2026 Annual General Meeting until the conclusion of the 64th Annual General Meeting in 2031, subject to shareholder approval.
Impact of Extraordinary Items
The financial statements for the year were impacted by various one-time events, including the gain on the sale of non-core assets. Furthermore, the company navigated supply chain and insurance-related challenges, including the receipt of insurance claims related to fire damage at regional warehouse facilities in Guwahati and a manufacturing plant in Bangladesh.
Source: BSE
