Whirlpool India Q2 Profit Falls 22% On Lower Sales
Whirlpool India’s Q2 profit drops 22% to ₹42 crore as E-waste costs and softer sales hit margins; revenue down 3.8% to ₹1,647 crore.
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AC Manufacturers Seek To Cash In On India’s Scorching Summer Forecasts
- by BW Retail World Bureau
- April 13, 2024
India Meteorological Department’s (IMD) forecast of a more than longer heatwave this summer, has given a reason to cheer for the air conditioner manufacturers. AC makers in India are ready with their stocks and are also launching a new range of summer appliances for the mass market. Voltas achieved the highest ever AC sales in […]
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Blue Star Invests Rs 250 Cr To Ramp Up Room AC Production
- by BW Retail World Bureau
- March 15, 2024
Blue Star, a leading home appliances company, has announced plans to invest Rs 250 crore in the next financial year to enhance the manufacturing capacity of room air conditioners at its Sri City facility in Andhra Pradesh. Currently, the company boasts a production capacity of 10 lakh room air conditioners across its manufacturing units, including […]
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Indian Electronics Players Seek Export Push & Tax Cuts In Budget
- by Amisha Sharma
- January 31, 2024
Indian electronics players seek tax reductions and export opportunities to sustain the ‘Made in India’ momentum and compete with challenges posed by Chinese brands The spike in ‘Made in India’ items seen in the Indian sector last year, combined with the exit of numerous Chinese brands, has created opportunities for local players. However, competing directly […]
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AI Drives Electronics, Smart Devices And Wearables To Charge 2024
- by Amisha Sharma
- January 5, 2024
The consumer electronics sector gears up for sustained growth in 2024, riding on the success of 2023 The year 2023 will be remembered for the strong growth and positive sentiments towards the consumer electronics industry, as various brands in the sector reported record-high sales throughout the year, especially during the festive season. Whether during the […]
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Retail
CAIT Estimates Rs 3 Lakh Crore Business During Festival Season
- by BW Retail World Bureau
- October 13, 2023
The Confederation of All India Traders (CAIT) on Friday has said that the current festival season in India is expected to generate Rs 3 lakh crore business. Last year, the sale of festive shopping was about Rs 2.50 lakh crore. BC Bhartia, National President and Praveen Khandelwal, Secretary General, CAIT in a joint statement said, […]
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Wonderchef Opens 26th Exclusive Store In India, Aims To Open 50 By 2025
- by BW Retail World Bureau
- August 11, 2023
Wonderchef, a cookware and premium kitchen appliance company, has opened its 26th exclusive store in India in Mumbai Malad. With the vision of reaching out to more customers and offering them exceptional kitchen solutions, Wonderchef aims to open 50 exclusive stores across India by 2025. Additionally, the Company has a strong presence in about 15,000 […]