Wazir Advisors

Indian Bags & Luggage Market: A Shift Towards Branded Products 🎒💼👜 The Indian bags and luggage market is undergoing a significant transition, with the branded segment expected to grow from 44% in FY24 to 55% by FY29. This growth is fueled by a rising preference for quality, durability, and brand trust, particularly in the luggage category. 🔹 Luggage has the highest share of branded products due to high entry barriers and capital-intensive manufacturing. 🔹 Handbags & Backpacks, in contrast, have a higher share of unbranded products, as they require lower capital investment and are labor-intensive. However, the shift towards branded offerings is gradually picking up. 🚀 Key Market Trends: ✅ Shorter replacement cycles – luggage now lasts 4-5 years, while backpacks are replaced every 2-3 years. ✅ Premiumization on e-commerce, with high-end luggage sales growing faster than the affordable segment. ✅ Innovation in functionality, with brands introducing features like integrated USB charging ports. With evolving consumer preferences and increasing brand awareness, the branded segment is set to expand significantly in the coming years. #RetailTrends #LuggageMarket #BrandedVsUnbranded #MarketGrowth #ConsumerPreferences #IndiaRetail Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Punit Arora

India's Lab-Grown Diamond Market: A Shining Opportunity for Growth & Category Creation ✨💎 With only 5-10% of Indians owning diamonds, there is immense potential to expand access and drive adoption beyond traditional consumers. Lab-grown diamonds (LGDs) offer an exciting avenue to make diamonds more accessible and redefine the jewellery landscape. 🔹 Wazir Perspective: 📌 The LGD market in India has potential to reach $800 Mn by 2025. Unlocking this potential requires investments in awareness, trust-building, and market expansion. 📌 Large players have a unique opportunity to establish a new category between traditional and fashion jewellery. 📌 While growth is strong, consumer education and new entrants can accelerate adoption. 🔹 Growth Drivers: ✅ Falling LGD prices are making diamonds more affordable. ✅ Private equity investments are fueling market expansion. ✅ Jewellery is evolving from investment to everyday fashion, especially for younger consumers. 🔹 Challenges to Overcome: ⚠️ Low consumer awareness calls for strong marketing and education. ⚠️ Price volatility & lack of dominant brands impact trust. ⚠️ Gold & natural diamonds still dominate wedding jewellery, seen as a long-term investment. With the right investments, brand-building, and strategic initiatives, the LGD market in India is poised for exponential growth. 🌟 📩 Reach out to Wazir Advisors for deeper insights and discussions on the evolving landscape of India’s jewellery market. #LabGrownDiamonds #JewelleryTrends #LuxuryMarket #DiamondMarket #WorldGoldCouncil #AffordableLuxury #IndiaRetail #ConsumerTrends Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Punit Arora

Sonal Singh, Consultant at Wazir Advisors, moderated an insightful panel during INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 titled "Driving Product Innovation: The Role of Supply Chain Stakeholders" on Tuesday, 25th February.   The cutting-edge advancements are redefining the intimate apparel supply chain. From innovative materials to groundbreaking design approaches, panelists uncovered the key drivers shaping the industry's future. This session emphasized on collaborative tools for enhancing efficiency, creativity, and growth within the supply chain.   The esteemed panellists were: 1. Namrata Bhat, AVP Product & Sourcing, Van Heusen Innerwear 2. Kiruba Devi, Head Category & Sourcing, Zivame 3. Kavitha C Nair, Product Head, US POLO ASSN Innerwear 4. Sanju Prakash, Regional Business Consultant, ALVANON #productdevelopment #supplychain #innovation #collaboration #datatools #intimatewear Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Pakhi Saxena Surender Jain B Prakash

Vibhuti Sharma, Senior Consultant at Wazir Advisors, moderated a panel discussion at INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 titled "Changing the Future of Comfortwear and Innerwear through Innovation." The discussion centered on product, design, and material innovations shaping the industry in response to evolving consumer demands. Panelists discussed mechanisms to identify both latent and stated consumer needs and examined the critical role of sustainability in driving innovation. The session also highlighted how product innovation, combined with collaboration among supply chain stakeholders, can propel the industry forward by fostering agility, creativity, responsiveness, and sustainability. The esteemed panelists were: 1. Atul Chitre, Head Marketing (Spandex), creora® 2. Ritesh Sharma, Head - Brand & Retail, R | Elan 3. Jyoti Prakash Mohapatra- JPM, Jt. President, Grasim Industries Limited | Pulp & Fibre 4. Steve Milner, Noble Biomaterials 5. Swati Sharma, Head Of Design, Van Heusen Innerwear 6. Arpana Jathanna Walters, Chief Design Officer, Modenik Lifestyle #comfortwear #innerwear #intimateapparel #fashiontrends #consumerbehaviour #demand Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Pakhi Saxena Surender Jain B Prakash

Varun Vaid, Business Director at Wazir Advisors, moderated a panel discussion at INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 titled "Unlocking Innovation: Changing Face of Men’s Innerwear Market." on Tuesday. The discussion focused on the evolution of the men’s innerwear market, highlighting product diversification in fibers, colours, and designs. Panelists explored the role of branding and marketing in shaping consumer perceptions and examined strategies to expand the current consumer base. The session also provided insights into the future of Indian men’s intimate apparel, discussing how companies can effectively leverage emerging opportunities to drive sustained growth in this evolving segment. The esteemed panelists were: 1. Parveen Sharma, Sr. VP, John Players 2. Sulay Lavsi, Founder, Bummer 3. Sanit Jain, Chief Operating Officer, Neva #innovation #menswear #branding #marketing #retailtrends #intimatewear Harminder Sahni Prashant Agarwal Rohit Bhatiani Sanjay Arora Pakhi Saxena Surender Jain B Prakash

India’s Women’s Footwear Market is Stepping Up! 👠📈 The Indian women’s footwear market is on a strong growth trajectory, set to expand from ₹38 Thousand Crores in FY24 to ₹67 Thousand Crores by FY29, growing at a CAGR of 12%. This rise is driven by shifting consumer preferences, premiumization, and increasing brand awareness. 🔹 Branded footwear is gaining traction, with its market share projected to rise from 40% in FY24 to 48% in FY29, as consumers prioritize quality and brand trust. 🔹 E-commerce and D2C brands are reshaping the market, with online penetration set to grow from 3% in FY20 to 6%-8% by FY25, making stylish footwear more accessible. 🔹 Unbranded and unorganized segments still dominate, as design variety and affordability influence purchase decisions. However, rising brand consciousness is shifting demand towards organized players. With women’s footwear evolving into a fashion statement, brands have an opportunity to innovate, expand, and capture the growing demand for style, comfort, and sustainability! #WomensFootwear #MarketGrowth #Premiumization #D2C #Ecommerce #FashionTrends Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid

Rachael Gentner, Creative Director of Activewear at Fashion Snoops gave delivered an insightful presentation titled "Conscious Motion: Designing for the Future of Active, Swim & Intimates" at INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 From circular systems and bio-based textiles to durable, multi-functional designs, the industry is evolving to meet consumer values that prioritize both performance and environmental responsibility. Her presentation explored how sustainable innovation, integrated wellness, and technological advancements are reshaping the market, ensuring brands remain competitive while fostering a more responsible future. #SustainableFashion #ActivewearInnovation #FutureOfDesign #ConsciousMotion #FashionForesight #intimatewear #trends Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Pakhi Saxena Surender Jain B Prakash

Punit Arora, Associate Director at Wazir Advisors, moderated a panel discussion during INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 titled "Transforming Retail: Solutions for the Modern Age Shopping Experience"   The intimate apparel industry is evolving rapidly with changing consumer preferences, digital disruption, and experience-driven retail. The expert panel explored cutting-edge strategies to modernize operations, elevate customer experience, and drive sustainable growth. From digital tools to agile business models, the discussion highlighted how retailers can stay ahead in this dynamic market.   The esteemed panellists include: Raj Kumar Jain, MD, BONJOUR Socks Sachin Gupta, MD, Bodycare International Limited Harinarayan Madhavan, Co-founder & CEO, Underlinen Fashion House Pravin Agarwal, Co-Founder, SAVVY LINGERIE Stores Jenny Andrews, RDI, Founder & Director, Studio J Milind Agarwal, Director, Balaji Hosiery XLU #retail #transformation #MBO #EBO #omnichannel #industry #intimatewear #shopping #consumerexperience Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Surender Jain Pakhi Saxena B Prakash

Apoorva Sharma, Senior Consultant at Wazir Advisors, moderated a panel discussion during INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 titled "Beyond the Ordinary: Innovating for a Bold & Experimental Next-Gen Consumer." The seminar explored shifting consumer behaviors, highlighting trends like bold choices, body positivity, sustainability, and inclusivity. Social media and digital culture were key drivers in shaping fashion preferences, particularly among Gen Z. Panelists discussed how brands must evolve to meet the next-gen consumer's needs, leveraging customer feedback and adapting sales channels to enhance shopping experiences. While success stories were shared, challenges in keeping up with rapidly changing preferences were acknowledged, with a focus on growth potential for brands that remain agile. The esteemed panelists were:  Hemant Kr. Jaiswal, Director Marketing & Sales, BODYCARE CREATIONS LIMITED  Ketan Gulati, Director, Kalyani Innerwear Piyush Girotra, Business Lead - South Asia, Fashion Snoops #nextgen #GenZ #intimatewear #apparel #consumerbehaviour #bold #experimental #brandloyalty #productinnovation Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Surender Jain Pakhi Saxena B Prakash

Vibhuti Sharma, Senior Consultant at Wazir Advisors, moderated a panel discussion during INTIMASIA - World's 2nd Largest Intimate Wear Trade Show #2025 titled "Conservative to Contemporary: The Evolution of the Indian Intimate Apparel Industry." The panelists discussed the industry's transformation from a traditionally conservative market to a dynamic and inclusive sector, driven by key factors such as changing consumer preferences, increasing awareness of comfort and functionality, and the influence of global fashion trends. The panellists also discussed industry's past and future outlook, key growth drivers, challenges faced and identified strategies to adapt to the changing consumer landscape. The esteemed panellists were: Sidharth Grover, Director, Groversons India Sunil Pathare, Chairman & MD, VIP Clothing Limited Puneet Kumar Malik, CEO, Van Heusen Innerwear Ajit Virwani, COO, Libertina Mohit Jain, Director, KCJ LINGERIES PRIVATE LIMITED #intimatewear #textileindustry #fashiontrends #evolution #apparel #growthdrivers #strategy Harminder Sahni Prashant Agarwal Rohit Bhatiani Varun Vaid Sanjay Arora Surender Jain Pakhi Saxena B Prakash