Rakesh Jhunjhunwala acquired an additional 285,000 shares of the company during the January-March 2020 quarter
The stock was up 5.5% at Rs 514 on Tuesday, extending its 6% rally on BSE in the previous session, on the expectation of strong demand outlook.
A slew of sub-brands, aggressive promotions and celebrity endorsers have become the brand's leitmotif in recent years
Thus far in August, the stock outperformed the market by surging 26%, against 3% decline in Sensex.
Overall expenses rose to Rs 248.32 crore during the period from Rs 328.24 a year ago
The luggage maker has shifted to a manufacturing model dictated by sales performance