Luggage – Manthan – How will VIP IN turn profitable?
Published on 20 Aug 2026
Plagued by intense competition, discounting and inventory write down, VIP IN has been seeding losses since the past two years. Given stiff competition, we believe GM is unlikely to circle back to the 50% mark. Thus, VIP IN’s path to profitability revolves around fixing inefficiencies in the cost structure. In today’s edition, we analyze the opex bill of VIP IN. We have specifically highlighted cost heads that have witnessed inflation and then shared our view on possibility of mean reversion. Read on to find out more.
