The structural demand story remains strong amid rising competitive intensity
The company's response comes amid an ongoing chatter on whether Mokobara is 'white labelling' Chinese bags and selling them at a markup or other e-commerce sites are selling replicas.
The unorganised market still has a big share in the domestic market and India’s luggage makers have not made a dent in the global market yet
Several US airlines have hiked checked baggage fees recently. The top 20 airlines in the world collectively earned billions of dollars in baggage fees last year.
When the woman placed her check-in bag on the automated baggage drop machine, it displayed her bag’s weight as 15.1 kg, 100 grams above the permissible limit per passenger.
Passengers at the Bilbao Airport in Spain found themselves standing helplessly at the baggage conveyor belt for over two hours, with no bag in sight.
The Indian luggage sector, which in the past was dominated by non-branded players, has shifted markedly to the branded segment.
Chahar joined the Indian squad in Bangladesh for the three-match ODI series, starting Sunday.
The Delhi airport is the first Indian airport to introduce this facility, its operator GMR Group-led DIAL claimed in a statement.
The long-term macro drivers seem to be in place for luggage companies despite temporary disruptions. The continued shift of consumer preference from unbranded to branded products, accelerated growth in air travel, wedding season-led buying, shortening replacement cycle and overall GDP growth are the long-term structural drivers for the luggage industry. And we believe, both VIP Industries and Safari remain excellent core discretionary consumption plays for the long-term. Here’s why.
Although the medium to long-term outlook is extremely positive and the companies do not really see a problem in growing their revenue, investors got to keep in mind the pressure to near-term earnings especially in the context of the valuation.
A body part, seats and one or more items of luggage were found today by crews searching for the wreckage of an EgyptAir passenger jet that crashed in the Mediterranean, Greece's defence minister said
Operating profit more than doubled to Rs 25 crore from Rs 11 crore and margin expanded by 340 basis points to 8.5 percent from 5.1 percent during same period.
VIP Industries, one of the biggest luggage makers had recently launched new product in its line up. Generally, April-May-June quarter is the most important quarter for the company.