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Bangalore / Mumbai: rachita Parameshwaran, 28, a Bangalore-based consultant, spends a considerable amount of vacation. On a recent trip to Singapore, stayed at the Hotel Garden House, bought in Sweden, fast fashion H & M clothing store, and Spanish label Massimo Dutti. She flew Tiger Airways Singapore Pte Ltd, a budget airline.Mixed pattern: A file photo of a shop in a luxury shopping mall in New Delhi. Photo: Priyanka Parashar / MintMixed pattern: A file photo of a shop in a luxury shopping mall in New Delhi. Parameshwaran represents a new wrinkle in the consumption of people who are accustomed to luxury goods, but to save, do not hesitate to see if they have a good business-as confirmed by the data over several recent polls.
In the meantime, on the other side of the scale are those who are watching the pennies are willing to break the invisible barrier that the "budget" separates "premium". Have reported that consumer goods companies, the strong result for the December quarter, try to make sense of these trends, how they want to build on its recent performance amid an economic slowdown.As relation to luxury market is in question, however, seem to results are encouraging. AT Kearney Inc. 's luxury market in India last year showed that it is growing at 20%. In almost all the 12 categories of measurement company exceeded the real growth of the estimates.
The Company classifies luxury consumers into four categories-industry traditionally wealthy families (high net worth individuals), company executives earn, the Rs. 1 million rupees or more than one year, owners of small and medium-sized businesses and aspiring luxury consumer wages more than Rs 10 per lakh year. "These consumers applicants who do not have enough income to justify to the high cost of small-ticket items, such as glare, scarves, handbags and so on buying," says Abhay Gupta, executive director of the Co clothes blues ., what sells products from Versace and Corneliani.
Parameshwaran falls into this category, one that will grow faster than others. However, even luxury buyers will be looking carefully at the price tags. "All segments, except for the traditionally rich families" tend to be very price conscious, "said Hemant Kalbag, head of consumer and retail Kearney.That AT may explain the results of measurement and Nielsen Holdings NV of that 23% of buyers of the business of the change on the best deals. On the other hand, 40% of them actively sought promotions in 2011 versus 33% in 2010.
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