Brands add money and selling power to a product. There are few products that are genuinely worth the price but there's a catch is the product genuine.
For my personal experience, I can list many things.
Kitchen sink and bathroom fitting bought from a reputed seller starts rusting before one year. The plumber comes are says, sir, there are so many of these home fitting that come in bulk from China and only stickers are added here. The dealers make a huge profit.
Shirts at outlets. There are many small units that make the shirts and apply whatever brand labels you want and package it and it's on the shelf.
One of the replies mentions banians, in Tirupur, I've heard of many shops that give the branded goods at less than half price, No they are not damaged or rejected goods.
Even the laptop, I'm typing on HP (corei5), bought from a noted dealer with bill and warranty, the finishing and the hinges are so pathetic that the screws and hinges are already coming out.
I have stopped going for branded shoes as I haven't found much difference from the local ones except that the price is almost half.
So I can go on and on. The point is branded stuff is good but is it really worth it. how long are you going to use it. I think it's a personal choice. When it comes to safety ( ironbox/geyser/washing machine) or a large investment then I would check a branded unit so that at least I can revert back if there is a problem ( like my laptop, i've mentioned)