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LUGGAGE INDUSTRY PROFITS
RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%Here’s a thing investors in equity need to keep in mind. A large part of the upmove one might see in the next one or two trading sessions w...
- Customers unsure about making house help apps a habit even as investors fall for the crazeQuick commerce is transforming domestic help hiring in India. New apps offer on-demand house help, attracting investor attention. These pla...
- Costly raw materials weigh heavy on D2C luggage companiesNew-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...
- Samsonite is happy with its roll in IndiaSamsonite, a global luggage leader, faces new digital-first competitors in India. The company prioritizes brand value over deep discounts, ...
- PE fund Multiples, Sachetis to acquire majority stake in VIP IndustriesA consortium led by Multiples Alternate Asset Management and Samvibhag Securities is set to acquire a 32% stake in VIP Industries from the ...
- Samsonite cites discounting by rivals as India sales fallSamsonite attributes its weak performance in Asia to intense competition and discounting by VIP and Safari in India, impacting sales of its...
- Level of discounting in India is not sustainable, says Samsonite CEODiscounting levels in India's luggage market are unsustainable, affecting profitability, says Samsonite CEO. Samsonite surpassed VIP Indust...
- Nisaba Godrej quits VIP Board over differencesNisaba Godrej resigned as independent director from VIP Industries board due to differences in leadership accountability and succession pla...
- Luggage brands on high-growth path as travel industry boomsIndia's travel renaissance is driving a luggage revolution, with sales doubling. Global brands like Tommy Hilfiger and Delsey Paris are gro...
- Samsonite says it grew 40 pc in first half of 2023; eyes Rs 3,600 crore sales by DecemberTo capitalise on the growing demand, the company plans to expand its retail presence, increasing the number of AT (American Tourister) stor...
- India’s luggage industry revenue set to rise 15 per cent: CRISIL ratingsCRISIL Ratings on Wednesday said that India’s luggage industry revenue is set to rise 15% on-year this fiscal — despite a high-base effect ...
- Jhunjhunwala cut stake in this firm in Q4. Results scheduled for todayCovid-hit states such as Karnataka, Maharashtra, Gujarat and NCR are more than 30 per cent of VIP's sales. Besides, raw material cost has r...
- Up 8,000% in 10 years! And Ashish Kacholia has just picked a stake in this stockThe purchase took place as the company lowered its revenue growth guidance to 15-20%.
- We would like to improve on last 5 years’ net profit CAGR of 32%: Dilip Piramal, VIP Industries"In India, revenue break up is 75:25 in favour of soft luggage and for some time this trend will continue."
- VIP to invest Rs 80 crore on advertisements and promotions this yearThe luggage-maker has rolled out the television campaign with star cricketer Rohit Sharma for its mass luggage brand Aristocrat and is in t...
- Investors lap up VIP on rupee surge, earnings growthThe appreciating trend in the rupee against major currencies also augurs well for VIP's luggage segment.
- VIP Industries: Rupee depreciation adds to woesThe company has seen its profits fall more than 50% in last three quarters, which has taken its share price to its yearly low.
- VIP aims at 30% return on capital investment: ChairmanIn a chat with ET Now, Dilip Piramal, Chairman, VIP Industries, shares his views on company's performance.
- VIP eyes 30 pc jump in topline growth, to target youth"This year, we are looking at Rs 975 crore revenues," said VIP Industries Chairman Dilip Piramal, adding that the firm is now targeting the...
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