Luggage Channel Check - Demand Momentum Intact: Prabhudas Lilladher 
Travelers pull luggage while walking through airport. (Photographer: David Williams/Bloomberg)

Luggage Channel Check - Demand Momentum Intact: Prabhudas Lilladher 

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Prabhudas Lilladher Report

Recently, we conducted some channel checks (interacted with few distributors and a Managing Director of one unlisted company) in the luggage space to get a pulse of current demand trends.

Our checks reveal -

1. demand in Q4 FY21 benefitted from the gradual reopening of schools in January/February (augured well for backpack sales) coupled with a shift in market share from unorganized to organized players

2. cost inflation still persists, but the situation is better than Q3 FY21 (input cost was up ~60-70% on a QoQ basis) and

3. VIP Industries Ltd. has taken a price hike of ~6% from March 01 to counter inflationary pressures.

Overall, while sales momentum was good in Jan/Feb, March witnessed a slowdown due to rising Covid-19 cases.

Click on the attachment to read the full report:

Prabhudas Lilladher Luggage Industry Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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