10 Luxury Brands in India - 2022

Traversing across growth phase and later getting established as a brand, every product or business develops an image for itself in the industry which relishes it long-term profits and recognition. Brand name serves as the certifier for the authenticity and quality of every product that particular brand launches over time. On the bright side, a luxury brand is a brand that is characterized for its high sense of quality, exclusivity and high price tags. However, over any consequences or economy turbulence, luxury brands market is one sector that holds massive potential for growth, due to its fair demand from the affluent class and luxury product lovers in the market.

Be it any commodity, textile, apparels, FMCG product, or others, luxury brands have their positioning across diverse industry segments respective of the industry they deal in. As per Statista, revenue in the Indian Luxury Goods market amounts to $7.52 billion in 2022, and is expected to grow annually by 1.63 percent CAGR, during 2022-27. While, the market's largest segment is in the Luxury Watches & Jewellery segment with a market volume of $2.21 billion in 2022. However, in the Luxury Goods market, 7.2 percent of total revenue will be generated through online sales by 2022. Well, there are many Luxury brands in India that needs to be acknowledged for its quality offerings.

In this issue CEO Insights presents a list of `Top 10 Luxury Brands in India - 2022' who have leveraged their extensive industry expertise and experience in offering quality products to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.