VIP Industries sets sights on 45% market share in next three to five years [Video]

The Mumbai-based VIP Industries is expecting a strong performance in the upcoming quarter, projecting a double-digit growth after a long time, suggesting a significant turnaround for the luggage manufacturer major.

Neetu Kashiramka, the Managing Director of VIP Industries, outlined the company’s ambitious plans in an interview with CNBC-TV18.

Expressing optimism about cornering a marker share of 40%, with aspirations to push it further to 45%, Kashiramka said, “I believe from here on I should first get to 40% and then maybe between 43 to 45%. Very difficult to put a number what I will do in the next three to five years, but my aspiration would be to reach 45%.”

She emphasised the importance of outpacing market growth by two to three percentage points, indicating a proactive approach towards expansion.

On the company’s brand portfolio, Kashiramka shed light on the Carlton brand, which currently contributes around 4-5% to total sales. With ambitious targets set, she aims to …