Brands
VIP Clothing stitches a 177 per cent rise in Q2 net profit
MUMBAI: VIP Clothing Limited, the Mumbai-based apparel company, reported a solid financial performance for the quarter ended 30 September 2025. The company’s standalone net profit jumped to Rs 223.83 lakh, more than double the Rs 80.75 lakh recorded in the same period last year, while revenue from operations rose to Rs 6,606.76 lakh, up from Rs 5,923.07 lakh, reflecting a growth of 12 per cent.
Other income added a modest Rs 18.15 lakh, taking total income to Rs 6,624.91 lakh. Operating expenses increased to Rs 6,283.18 lakh, driven by higher material costs, employee benefits, and processing charges. Despite these, VIP Clothing maintained healthy margins, keeping the bottom line firmly in the black.
For the half-year ended 30 September 2025, net profit reached Rs 445.99 lakh, against Rs 104.23 lakh a year ago, supported by rising sales and tight cost control. Earnings per share stood at Rs 0.50 for the period.
On the balance sheet front, total assets were Rs 32,436.87 lakh, with inventories at Rs 8,224.87 lakh and trade receivables climbing to Rs 11,167.38 lakh. The company’s equity base remained strong at Rs 18,904.96 lakh.
The company’s cash flow from operations surged to Rs 1,769.49 lakh, offsetting investing and financing outflows, highlighting VIP Clothing’s ability to generate cash even in a challenging market.
With steady revenue growth, rising profits, and a robust financial position, VIP Clothing is tailoring a strong fabric for the rest of the year.
Brands
NODWIN Gaming brings back Sidharth Kedia as chief strategy and investments officer ahead of IPO
Former CEO returns to drive fundraising, M&A and global expansion plans
GURUGRAM: NODWIN Gaming has appointed Sidharth Kedia as chief strategy and investments officer, marking a high-profile return as the company gears up for its next growth phase and a potential public listing.
Kedia, who previously served as CEO between 2019 and 2023, steps back in at a pivotal time with a mandate spanning strategy, fundraising and mergers and acquisitions. His appointment comes amid ongoing pre-IPO fundraising efforts and a broader push to strengthen shareholder value.
During his earlier stint, Kedia helped transform NODWIN’s trajectory, driving a tenfold jump in revenue and raising over $50 million in capital. He also played a key role in expanding the company beyond esports into a diversified youth media and entertainment platform. Under his leadership, the company’s valuation grew sharply, from around Rs 140 crore following Nazara Technologies’ investment in 2018 to $350 million pre-money after a funding round led by Sony Group Corporation in 2023.
With over two decades of experience, Kedia brings a cross-sector perspective spanning fintech, private equity and media. His career includes stints at Reliance Industries, where he worked on strategic initiatives across the Network18 portfolio, and at Viacom18, where he led corporate strategy and M&A efforts.
In his new role, Kedia will focus on sharpening NODWIN’s long-term strategy, identifying inorganic growth opportunities and strengthening its global investment narrative as the company builds a scalable, IP-led business across gaming, content and live experiences.
NODWIN Gaming chief strategy and investments officer Sidharth Kedia said, “It feels great to be back at NODWIN at such an important point in its journey. Having seen the company grow over the years, it’s clear how strong the foundation is today and how much opportunity lies ahead. NODWIN is entering a phase where focused strategy, thoughtful capital allocation, and strong execution will unlock its true value potential.”
Welcoming him back, NODWIN Gaming co-founder and managing director Akshat Rathee said, “Sidharth has played a pivotal role in shaping NODWIN’s journey, and his return comes at an important stage as we continue to scale the business globally and look at a potential listing. His leadership will be instrumental in driving long-term value creation.”
The appointment follows recent board strengthening, including the induction of Arnd Benninghoff, as the company builds institutional depth ahead of a possible IPO.
Backed by strong financial momentum, with revenues already surpassing last year’s full-year figures within the first nine months of FY26, NODWIN is doubling down on scale and strategy. With Kedia back in the mix, the company appears to be lining up its next big level up.
