In a world where the duty-free retail market is skyrocketing at a dizzying CAGR of 20.47 percent, Mumbai Duty-Free emerges as the undisputed rockstar, riding the waves of India’s travel retail market that is set to hit $1.3 billion in revenue this year! Hold onto your passports, because we’re about to take you on a high-flying adventure through the glamorous aisles of Mumbai Duty Free, and the maestro behind it all, its dynamic CEO, Avishek Bambi Das! With an ever-expanding galaxy of world-class brands, a commitment to showcasing Indian pride, and a forward-looking approach to e-commerce, Mumbai Duty-Free stands not just as a shopping destination but as an adventure waiting to unfold.
Strap in as we unravel the secrets behind Mumbai Duty-Free’s astronomical success – a blend of aspiration, high disposable income, and a dash of the unexpected.
In an exclusive tête-à-tête, Avishek spills the beans on how the brand has become the epitome of India’s economic growth and consumer evolution. “It’s not just a shopping spree; it’s a lifestyle upgrade fueled by aspiration and a flourishing economy. That’s what’s propelling us to new heights,” he says.
Hold onto your boarding passes as we zoom into the jaw-dropping growth figures. Avishek, with a mischievous glint in his eye, hints at the kind of growth that’s nothing short of magical. The secret sauce? Strategic initiatives and a plethora of new brands turned heads and emptied wallets. “We are seeing significant double-digit growth, whopping would be the right word. We introduced products that not only test the market but conquer it! There is phenomenal growth across the top end of each of the categories – alcohol, perfumes, confectionaries, cosmetics,” he adds.
This story is from the March - April 2024 edition of Retailer.
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This story is from the March - April 2024 edition of Retailer.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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