VIP Industries - A ‘Bagful Of Opportunities': HDFC Securities Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.VIP Industries Ltd.'s leadership position in the Indian market provides it with significant scale, strength and experience to grow its position globally. It is already the largest manufacturer in Asia with its in-house production giving the company an advantage in terms of cost competitiveness. In recent years, it has further strengthened its manufacturing capabilities and reduced sourcing from China to only 8%. VIP remains committed to further growing its manufacturing capacity and maintaining overall in-house manufacturing of ~70-80% (versus ~50-55% pre-pandemic) through its Indian and Bangladesh units by FY22-23. This high level of back-end control will not only aid the gross margin expansion but will put VIP Industries on the global map. Pandemic induced slowdown in demand gave VIP’s pro-active management, the opportunity to modify its supply chain and operations. The company was able to significantly enhance its upstream control, thereby bringing in sustainable cost efficiencies and walking out leaner in the aftermath of pandemic..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

VIP Industries - A ‘Bagful Of Opportunities': HDFC Securities Initiates Coverage

Its leadership position in Indian market provides it with significant scale, strength and experience to grow its position globally

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