VIP Industries – Dilip Piramal

VIP Industries – Dilip Piramal – 12-04-2018

  • Aviation figures are right barometers for us, impacts our industry directly
  • 1st quarter are our strongest quarter – peak season because of marriages
  • It is very easy to manufacture luggage, informal sector is large but after gst and demon we have gained additional 10% mkt share
  • Informal sector will also grow as the 1st time entrants start from informal sector
  • Sales have increased after gst for all the companies in formal sector which means it has come from informal sector
  • Its not a major objective to increase our market share at any cost, we are happy with what we get on our basis of efforts, products, distribution and advertising
  • Will now look at export markets
  • We have lot of scope in Handbag market ‘Caprese’ although the base is very small
  • It is very difficult to operate from Bangladesh but gradually increasing our activity there
  • CSD (Canteen Stores Departement) keeps altering policies and there is some uncertainty – but this affects entire industry not only us
  • CSD is an important segment to us, ~20% sales comes from it

 

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