Safari Industries (India) Limited: Business Overview, Financials & Competitive Analysis
Safari Industries (India) Limited scores 7/10 on the AskCyborg Cyborg Score (Solid). Market-leading Indian luggage brand with strong 5-year growth momentum but facing recent profitability headwinds requiring operational improvement. The company has delivered good profit growth of 35.4% CAGR over last 5 years. In 2024, Safari Industries (India)'s revenue was 17.72 billion, an increase of 14.26% compared to the previous.
What is Safari Industries (India) Limited's industry? Safari Industries (India) Limited (safaribags.com) operates in Travel Goods & Luggage Manufacturing. AskCyborg classifies Safari Industries (India) Limited under Travel Goods & Luggage Manufacturing in its company registry.
Safari Industries is in the business of manufacturing and trading of luggage and luggage accessories. The company designs, manufactures, and markets luggage, backpacks, and travel accessories in India, offering printe...
Cyborg Score thesis
Market-leading Indian luggage brand with strong 5-year growth momentum but facing recent profitability headwinds requiring...
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Get Current Report FreeSafari Industries (India) Limited Overview
Pro stress-test →Safari Industries is in the business of manufacturing and trading of luggage and luggage accessories. The company designs, manufactures, and markets luggage, backpacks, and travel accessories in India, offering printed, laptop, hard, and soft luggage bags; school, laptop, office, college, anti-theft, tech, expandable storage, formal, adventure, and overnighters backpacks; accessories, such as sling bags, messenger bags, and neck pillows; and duffle bags.
Strategic Profile
Pro stress-test →Safari was recognized as the 'No.1 Luggage Brand in India' based on its revenue performance. The company sells its products under the Safari, Safari Select, Genius, Urban Jungle, and Genie brands through website and stores, as well as through e-commerce platforms. The company reaches customers through a robust multi-channel distribution network that includes over 8,500 customer touchpoints across India.
Competitive Landscape
Pro stress-test →VIP Industries, Samsonite Portugal, Delsey, Samsonite (Austria), and Nasher Miles are some of the 6 competitors of Safari Industries (India). Safari maintains market leadership as the No.1 luggage brand in India through its multi-brand strategy and extensive distribution network.
Industry Context
Safari Industries (India) Limited operates in Travel Goods & Luggage Manufacturing.
Key facts
Founded: 1974 · Headquarters: Mumbai, India · Revenue: ₹17.72B (FY2024) · Market cap: ₹8,805 Cr (~$1.1B)