Luggage industry showdown

The Indian travel industry is thriving post-pandemic, with hotels, restaurants and air traffic all reaping the benefits of the pent-up demand for travel. The luggage industry, too, is joining the celebration, with two listed players, VIP Industries and Safari Industries, experiencing robust growth. This growth is attributed to the overall volume surge due to the economic expansion in India and the notable shift from the unorganised to the organised sector. What distinguishes this industry is the preference for the value segment over the premium segment, as observed by the management of VIP Industries. This shift has propelled Safari Industries into prominence, which was once trailing the industry leader - VIP Industries. A glimpse into the past turn of events VIP Industries had Sudhir Jatia at its helm until 2010. However, in a somewhat cinematic twist, he had to step down from his role because of strategic disparities and to make way for the promoter's daughter. Later in 2011, he acquired a majority stake in Safari Industries, which was facing challenges, and became its chairman and managing director. With