Luggage makers pin hopes on the festive, wedding seasons to drive growth
“Premiumization and the higher branded segment, that’s what is going to add value to the overall industry growth,” said Rahul Guha, senior director at credit rating agency Crisil Ratings. “Overall, this year could have a 150-200 bps (basis points) hit on the margin, and volumes are not going to be great,” Guha said.
