| Retail and Licensed Fashion Accessories | Bags, travel gear, small leather goods, women's handbags, belts, wallets, and fashion accessories. | Exclusive licensing agreements, strong brand partnerships, in-house manufacturing capability, established retail and distribution network. | Primarily B2C Indian fashion and travel accessory consumers via retail and e-commerce channels. | Own-brand products and higher-margin licensed collections, especially via exclusive brand stores and in-house manufacturing. | 292 | 100 | Through sales in exclusive brand outlets, multi-brand outlets, online platforms, and brand licensing royalties. | Product sales on fixed retail pricing; licensing contracts with brand owners. | Increased brand portfolio, launch of in-house brands, expansion of retail and online sales channels, increased manufacturing capacity. | Tommy Hilfiger, United Colors of Benetton, Juicy Couture, Superdry, Off-White, Aeropostale, Sugarush, The Vertical |
