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Indian luxury on par with global peers in FY25
Business Standard
|January 20, 2026
Indian luxury labels are closing the gap with leading global fashion houses in the country, as they diversify beyond bridal couture into pret, accessories and jewellery to tap a growing cohort of younger customers.
Data sourced from business intelligence platform Tofler shows that major global luxury brands operating in India — including Christian Dior, Hermès, and Gucci — did not cross the ₹500-crore revenue mark in 2024-25 (FY25), even as several Indian designer labels moved closer to that threshold.
Hermès India Retail and Distributors Pvt Ltd, which sells the famed Birkin and Kelly handbags, reported a 35.4 per cent year-on-year (Yo-Y) rise in revenue to ₹428 crore in FY25, from ₹316 crore in FY24.
While Louis Vuitton India, presumably the largest global luxury player, is yet to release its FY25 financials, other international brands saw pressure on sales.
Gucci, part of the Kering group and retailed locally through Luxury Goods Retail Pvt Ltd, reported a 17.3 per cent decline in revenue to ₹265.4 crore in FY25 from ₹321.3 crore a year earlier.
Cette histoire est tirée de l'édition January 20, 2026 de Business Standard.
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