Louis Vuitton India Retail Pvt. Ltd, the Indian unit of LVMH instantly recognizable with its LV monogram and Damier check patterns, clocked over ₹719 crore sales in FY23, up 33% from the previous year’s ₹539.28 crore . Net profit rose 37% to ₹140 crore, up from ₹102.4 crore in FY22. In FY20 and FY19, its net profit had stood at ₹25.3 crore and 16.1 crore, respectively, filings with the Registrar of Companies, accessed through business information platform Tofler showed.
Rival Hermès, which runs its India business through a local partner under Hermes India Retail and Distributors, reported 42% higher sales at ₹249.4 crore in FY23, against ₹175.4 crore the previous year. It clocked a profit of ₹54.3 crore, up 31% from the previous year's ₹41.4 crore. In FY19, it had recorded revenue from operations of ₹109.6 crore and a net profit of ₹18.7 crore. Hermès keeps a very limited production line, controls distribution, and sells exclusive bags like the Birkin and Kelly, all at steep price tags.
هذه القصة مأخوذة من طبعة February 01, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 01, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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