Luxury goods retailer Louis Vuitton India Retail continued to do well in India, posting a net profit jump of 24.5 per cent this fiscal year 2019. The company's net profit has doubled from 2017 to 2019. For the year ended March 31, 2019, LV India Retail posted a net profit of Rs 16.17 crore versus Rs 12.98 crore in 2017-18. That is much less, compared with the US market, worth $62 billion in annual sales, and China, worth $41 billion. Market research firm Euromonitor on the other hand, estimates India will grow at 18.1 per cent during 2019-23 period.

Source: Economic Times February 20, 2020 06:56 UTC