Customers browse luggage at a hypermarket in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
VIP Industries Ltd. expects an improvement in operating margins in the coming quarters, as the company was able to contain price hikes so far, its Chairman Dilip Piramal said.
The luggage maker hopes to gain market share in the domestic business even as it's already growing at 20 percent, he told BloombergQuint in an interview. The company has put on hold any plans to expand its struggling international business.
Watch the full interview here:
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