And to recoup these sales in H2 was slightly difficult. Additionally, polymer prices began moving up and all players were forced to raise prices. That also had an adverse impact on the market demand. Chinese imports have not impacted the luggage industry in a big way so far, and we are not afraid of competition, but yes, we have to be watchful. China is not so competitive in the hard luggage segment but in soft luggage China has an advantage.
China has a far better infrastructure than India.
Also labor productivity in China is far better than in India. We would not be worried if the Chinese imports were properly organized. Within India, we have to contend with a large unorganized sector, which flouts laws and does not pay taxes. Similarly for imports there are unscrupulous importers who under-invoice and pay less customs duty. The organized sector will always find it difficult to face this kind of competition.