← Latest news 
Samsonite CEO warns Indias luggage discount wars are unsustainable and profits will keep shrinking
India
Published on 24 April 2026
New brands are slashing prices and pressuring margins
Samsonite CEO says discounting in India’s luggage market is unsustainable, eroding profitability as new players aggressively cut prices. While the sector keeps growing, that growth may slow due to a higher baseline and intensifying competition. Samsonite managed to outpace VIP Industries in revenue, yet VIP’s profits reportedly dropped sharply despite rising sales.
- Samsonite CEO calls India luggage discounting financially unsustainable
- Aggressive offers from new entrants are pressuring industry margins
- Samsonite overtook VIP in revenue, but VIP profits fell sharply
- Market growth may cool as competition intensifies and base rises
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times