Luxury goods firms post robust revenue growth
ZeeBiz WebTeam | May 02, 2019, 04:52 PM IST
To focus on specific audience segments, luxury brands are redesigning customer engagement techniques by using data analytics tools, a Deloitte India report said.
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Revenues in 2016-17:
Total $247 bn revenues generated by luxury goods companies in 2016-17. (Image: Pixabay)
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Revenues in 2015-16:
Around $217 bn revenues clocked by luxury goods firms in 2015-16. (Image: Pixabay)
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Annual growth on currency-adjusted com-posite basis:
A 10.8 per cent annual growth on a currency-adjusted com-posite basis in FY17. (Image: Pixabay)
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Growth in luxury sales in FY17
Around 76 per cent companies reported growth in luxury sales in FY17. (Image: Pixabay)
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Growth on composite basis:
There is only 1 per cent growth on composite basis in FY16. (Image: Pixabay)
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Firms with double-digit growth:
There has been 38 per cent firms, clocked double-digit growth in luxury sales. (Image: Pixabay)