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:

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:

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:

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

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:

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:

Firms with double-digit growth:

There has been 38 per cent firms, clocked double-digit growth in luxury sales. (Image: Pixabay)