Samsonite International, in its recent investor presentation, has mentioned that India sales was down by 10.6% y-o-y during H1 2024 (January-June 2024) due to increased promotional activity in the country by competitors. In this period, Safari reported highest sales growth, followed by VIP. While VIP still remains market leader, market share pie of top three luggage players is inching towards equal division.
Disc: I am not SEBI registered Advisor/Analyst. Invested is Safari; hence, my view may be biased. I am not suggesting any investment action. The information provided above is for education purpose only.
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