3 Hard Luggage, Innerwear and Value Fashion Retail Stocks With a Strong Future Roadmap: Safari Industries (India), Dollar Industries and Trent
- October 21, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Safari Industries (India), Dollar Industries and Trent: ROE of 11.3% to 24.6% and FY22 to FY26 revenue CAGR of 8.7% to 44.2%. Prices as of 20 Oct 2026.
Quick Answer
The three apparel and travel gear stocks to watch are Safari Industries (India), Dollar Industries and Trent. Their return on equity ranges from 11.3% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.7% to 44.2%. Trent leads on both return on equity at 24.6% and revenue growth at 44.2% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Apparel and travel gear stocks let investors follow companies that sell what people wear and carry. Safari Industries (India), Dollar Industries and Trent cover hard luggage, innerwear and athleisure, and value fashion retail.
This list covers three apparel and travel gear stocks with complete current figures: Safari Industries (India), Dollar Industries and Trent. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
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What Are Apparel and Travel Gear Stocks?
Apparel and travel gear stocks are listed companies that make and sell luggage, clothing and fashion products through stores, dealers and online channels. Their earnings depend on volume growth, brand pull and the reach of their sales networks.
Apparel and Travel Gear Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Safari Industries (India) | 1,322.7 | 6,495 | 39.4 | 36.4 | 15.1 | 0.10 |
| Dollar Industries | 264.8 | 1,489 | 13.3 | 35.2 | 11.3 | 0.31 |
| Trent | 2,891.6 | 153,891 | 84.8 | 63.4 | 24.6 | 0.37 |
On valuation, Dollar Industries trades at a P/E below the industry P/E, while Safari Industries (India) and Trent trade above it, which reflects the growth the market already expects. Readers comparing apparel and travel gear stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Apparel and Travel Gear Stocks Have a Strong Roadmap in India?
Apparel and travel gear stocks have a strong roadmap in India because rising travel, a young population and a shift from unorganised to branded products are widening the market for organised players.
- Branded shift. Shoppers are moving from local products to trusted brands.
- Travel growth. More trips by air and rail lift demand for modern luggage.
- Store expansion. New outlets in more cities build reach for retail formats.
Why Safari Industries (India) Features Among These Apparel and Travel Gear Stocks
Among the apparel and travel gear stocks on this list, Safari Industries (India) makes hard luggage and soft luggage, including trolley bags and backpacks, and sells through retail stores, online channels and distributors.
The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4.
Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%. Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore.
Roadmap: Rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
What to watch: Follow travel demand trends and the pace of capacity ramp-up.
Why Dollar Industries Features Among These Apparel and Travel Gear Stocks
Among the luggage and innerwear shares on this list, Dollar Industries is a Kolkata-based innerwear and athleisure company that sells under brands such as Big Boss, Force NXT, Missy and Dollar Bigboss.
Revenue rose from Rs 1,349 crore in FY22 to Rs 1,885 crore in FY26, a compound annual growth rate of 8.7%. Net profit grew from Rs 52.5 crore in FY23 to Rs 107 crore in FY26, which works out to a compound annual growth rate of 26.9%.
In the June 2026 quarter, revenue grew 1.5% year on year to Rs 406 crore, while net profit rose 20.4% to Rs 26.2 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.31 and a market capitalisation of Rs 1,489 crore. The stock trades at a P/E of 13.3, below the industry P/E of 35.2.
Roadmap: The company has a wide distribution network across the country and has widened its range into women’s wear and athleisure. Brand extensions and a growing share of premium products support its plans.
What to watch: Track the growth in premium categories and the distributor network expansion.
Why Trent Features Among These Apparel and Travel Gear Stocks
Among the three companies on this list, Trent is a Tata Group retailer that runs fashion and lifestyle stores under Westside and Zudio and a food and grocery business under Star.
In the June 2026 quarter, revenue grew 17.5% year on year to Rs 5,785 crore, while net profit rose 22.0% to Rs 518 crore. Revenue rose from Rs 4,673 crore in FY22 to Rs 20,189 crore in FY26, a compound annual growth rate of 44.2%.
Net profit grew from Rs 394 crore in FY23 to Rs 1,721 crore in FY26, which works out to a compound annual growth rate of 63.5%. The company has a return on equity of 24.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 153,891 crore. The stock trades at a P/E of 84.8, above the industry P/E of 63.4.
Roadmap: The company keeps adding stores in new cities and towns, and its value fashion format reaches a wide customer base. Own-brand products and a tight supply chain support the growth of each format.
What to watch: Check store additions and sales per square foot across its formats.
Safari Industries (India) vs Dollar Industries vs Trent on Key Financials
The table below sets the three apparel and travel gear stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Safari Industries (India) | 713 | 2,072 | 30.6% | 168 | 8.1% |
| Dollar Industries | 1,349 | 1,885 | 8.7% | 107 | 5.7% |
| Trent | 4,673 | 20,189 | 44.2% | 1,721 | 8.5% |
Trent posts the highest return on equity in this group at 24.6%. Trent combines the largest FY26 revenue at Rs 20,189 crore with the fastest revenue growth, a 44.2% compound annual rate. A useful habit with apparel and travel gear stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Safari Industries (India) | 534 | 596 | 11.6% |
| Dollar Industries | 400 | 406 | 1.5% |
| Trent | 4,924 | 5,785 | 17.5% |
Key Risks to Check Before Investing in Apparel and Travel Gear Stocks
Every theme carries risks that deserve a check before any decision. For these apparel and travel gear stocks, the main points are: Long-term luggage and innerwear shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Fashion cycles. Changing tastes can shift demand between categories.
- Cost of inputs. Prices of fabric and plastics can affect margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter apparel and travel gear stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Apparel and Travel Gear Stocks
Apparel and travel gear stocks reward investors who follow store additions, volumes and margins together. Safari Industries (India), Dollar Industries and Trent each tap a growing consumer market. Based on the 20 October 2026 close, Safari Industries (India) trades at Rs 1,322.7, Dollar Industries at Rs 264.8 and Trent at Rs 2,891.6. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these apparel and travel gear stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are apparel and travel gear stocks?
Ans. Apparel and travel gear stocks are listed companies that make and sell luggage, clothing and fashion products through stores, dealers and online channels. Their earnings depend on volume growth, brand pull and the reach of their sales networks. This list looks at three of them, Safari Industries (India), Dollar Industries and Trent, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which apparel and travel gear stocks are covered in this list?
Ans. This list covers Safari Industries (India), Dollar Industries and Trent. Based on the 20 October 2026 close, Safari Industries (India) traded at Rs 1,322.7, Dollar Industries at Rs 264.8 and Trent at Rs 2,891.6. Their return on equity ranges from 11.3% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.7% to 44.2%.
Why do apparel and travel gear stocks have a strong future roadmap in India?
Ans. Apparel and travel gear stocks have a strong roadmap in India because rising travel, a young population and a shift from unorganised to branded products are widening the market for organised players. The main drivers are as follows. Branded shift. Shoppers are moving from local products to trusted brands. Travel growth. More trips by air and rail lift demand for modern luggage. Store expansion. New outlets in more cities build reach for retail formats. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Safari Industries (India) performed financially?
Ans. Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%. Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4. Looking ahead, rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
How has Dollar Industries performed financially?
Ans. Revenue rose from Rs 1,349 crore in FY22 to Rs 1,885 crore in FY26, a compound annual growth rate of 8.7%. Net profit grew from Rs 52.5 crore in FY23 to Rs 107 crore in FY26, which works out to a compound annual growth rate of 26.9%. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 406 crore, while net profit rose 20.4% to Rs 26.2 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.31 and a market capitalisation of Rs 1,489 crore. The stock trades at a P/E of 13.3, below the industry P/E of 35.2. Looking ahead, the company has a wide distribution network across the country and has widened its range into women’s wear and athleisure. Brand extensions and a growing share of premium products support its plans.
How has Trent performed financially?
Ans. Revenue rose from Rs 4,673 crore in FY22 to Rs 20,189 crore in FY26, a compound annual growth rate of 44.2%. Net profit grew from Rs 394 crore in FY23 to Rs 1,721 crore in FY26, which works out to a compound annual growth rate of 63.5%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 5,785 crore, while net profit rose 22.0% to Rs 518 crore. The company has a return on equity of 24.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 153,891 crore. The stock trades at a P/E of 84.8, above the industry P/E of 63.4. Looking ahead, the company keeps adding stores in new cities and towns, and its value fashion format reaches a wide customer base. Own-brand products and a tight supply chain support the growth of each format.
What risks should investors check before buying apparel and travel gear stocks?
Ans. Investors should check a few risks before buying apparel and travel gear stocks. Fashion cycles. Changing tastes can shift demand between categories. Cost of inputs. Prices of fabric and plastics can affect margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of apparel and travel gear stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.