VIP Industries’ revival plan meets market reality

The company, founded in 1971 by Dilip Piramal and now chaired by Renuka Ramnath as non-executive chairperson, continued to report weak performance in Q4 FY26 as its losses widened to Rs 128.80 crore from Rs 32.63 crore in the March quarter of FY25 due to high provisions and falling sales