Travel growth to drive luggage makers' revenue by 15% in FY24: Crisil
Consumers' preference for hard luggage has driven up operating efficiencies and improved capacity utilisation of luggage makers in the organised sector, which will help expand their operating margin by 150-200 basis points year-on-year to 16 per cent this fiscal, the report said.
This will be on the back of a 40 per cent rise in luggage makers' revenues in 2022-23, the report by Crisil Ratings said. (ANI/Representational image)