Five Indian brands are in the top 100 global powers of luxury goods list with Tata group firm Titan moving up three places to rank 22nd and being among the 20 fastest-growing luxury goods companies, according to a Deloitte report.
Four other homegrown brands, Kalyan Jewellers, Joyalukkas, PC Jewellers, and Tribhovandas Bhimji Zaveri Ltd, have been ranked 37th, 46th, 57th, and 92nd, respectively, in the Deloitte Global 2021 edition of Global Powers of Luxury Goods.
In India, the trend remained consistent similar to previous years with the gems and jewellery category dominating the latest edition featuring the five brands, Deloitte said in a statement.
Tribhovandas Bhimji Zaveri Ltd is a first-time entrant to the list of the top 100 luxury goods companies that generated USD 252 billion in revenues globally, it added.
The top 10 luxury brands list mainly featured leading players from the EMEA (Europe, the Middle East, and Africa) region. These players are LVMH Moet Hennessy-Louis Vuitton SE, Kering SA, Capri Holdings, Compagnie Financiere Richemont, L'Oreal Luxe, Chanel Limited, Essilor Luxottica, and Hermes International spread across the luxury genre, Deloitte said.