A luggage maker, pipe maker and a furniture maker who supply a number of products to different state police. They cater to different needs but they have four things in common. Out of these four, three are common headwinds and one is tailwinds, which they have been able to build over the years. First the raw material is essentially the same and price fluctuates very sharply. Second, they all have faced and still face stiff Chinese competition. Third, they all have competition from unorganized space. Fourth, they all have strong brands. It is the strong brand which has helped them do what they have been able to do, that is deliver growth. Now they have reached a stage where headwinds will come down due to multiple reasons and the net impact on growth will become higher.
