The report states the consumer durables sector in India has achieved a 10 per cent compound annual growth rate (CAGR) between the financial year 2019 (FY19) and FY24
The growing number of households, coupled with rising affluence and changing lifestyles, is boosting the demand for these products
The report says the subdued demand may be due to several factors, including heavy rains leading to lower footfall, weak consumer sentiment
Quarterly revenue rises 3.66 per cent, with strong market share gains in refrigerators and washers Consumer durables maker Whirlpool reported a 3.66 per cent increase in revenue from operations, reaching Rs 1,734 crore for the quarter under review, compared to Rs 1,672.65 crore in the same period last year. The company’s profit growth was attributed […]
A recent report by the consumer insights think tank, The Bharat Lab, has highlighted significant shifts in consumer spending patterns among Indian consumers in tier-2, tier-3, and rural markets. Drawing insights from the household consumption expenditure survey report for 2022-23, the report underscores a notable trend wherein consumers in these markets are allocating more of […]
The Bank of Baroda (BoB) in a recent report has said that increased shipping costs and delays in shipments due to the Red Sea crisis is a major headwind for the textile sector. The report titled ‘Corporate performance: Q3-FY24’ stated that for the textiles sector, festive demand momentum was short-lived as discretionary demand continues to […]
The slow growth in private consumption signals a mild expansion of sales activity of Indian micro, small and medium enterprises (MSMEs), according to the Jocata Sumpoorn index. Jocata Sumpoorn moved up to 0.62 in October, showing sales activity for credit-seeking MSMEs in the zone of moderate expansion. As sales performance had been in the zone […]
The ongoing festive season has given commerce companies and online brand sales a big boost. Categories such as electronics, food, grocery and jewellery have reported a double-digit growth over the last year. According to Grant Thornton Bharat, more than 50 per cent of the total festive sales have come through online platforms, against 45 per […]
Kitchen and home appliance maker TTK Prestige reported more than 27 and 15 per cent decline in its profit and revenue, respectively, for the July-September 2023 period on account of subdued demand for consumer durables, despite softening inflation. The Bengaluru-headquartered firm’s standalone quarterly PAT plunged almost a third Y-O-Y to Rs 62.17 crore. Its standalone […]
