V.I.P. Industries Ltd 2022 AR2
The report outlines VIP Industries Limited's performance and strategic initiatives for the fiscal year 2021-22, highlighting its recovery from the pandemic. The company expanded its in-house manufacturing capabilities, achieving an 85% contribution to its overall product mix and significantly reducing its sourcing from China. VIP Industries also focused on retail expansion, opening 32 new stores and planning further expansion through an asset-light franchisee model. Additionally, the company renewed its ISO 9001 and ISO 14001 certifications for its Nashik facility, demonstrating its commitment to quality and environmental management.
Company: V.I.P. Industries Ltd
Sector: Consumer Discretionary
Country: India
Year: 2022
Type: AR2
Pages: 254
V.I.P. Industries Ltd
Annual Report
The report outlines VIP Industries Limited's performance and strategic initiatives for the fiscal year 2021-22, highlighting its recovery from the pandemic. The company expanded its in-house manufacturing capabilities, achieving an 85% contribution to its overall product mix and significantly reducing its sourcing from China. VIP Industries also focused on retail expansion, opening 32 new stores and planning further expansion through an asset-light franchisee model. Additionally, the company renewed its ISO 9001 and ISO 14001 certifications for its Nashik facility, demonstrating its commitment to quality and environmental management.
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Document Details
Report Year
2022
Reporting Period
Apr 1, 2021 - Mar 31, 2022
Fiscal Year
2022
Published
Jul 9, 2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees