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
Full Interview