Timex Posts 40% Revenue Rise, 70% Profit Surge
Timex India reports record Q2 with 40% revenue growth and a 70% profit surge, driven by strong premium brands and rising e-commerce sales.
Timex India reports record Q2 with 40% revenue growth and a 70% profit surge, driven by strong premium brands and rising e-commerce sales.
Gen (Dr) Rajesh Chopra, AVSM (Retd), Director General of the Indian Malt Whisky Association, discusses India’s fast-growing malt whisky market, export opportunities
Customers across the country are showing a marked preference for premium products like side-by-side refrigerators, advanced washing machines, energy-efficient split air conditioners
The ongoing shift from unbranded to branded products, driven by premiumisation and ecommerce expansion, is set to spur robust volume and value growth
Abhijit Roy says that while competitive intensity continues to rise, the industry remains on a strong growth trajectory
Deepak Chhabra notes that consumers are treating watches as aspirational and lifestyle-driven accessories rather than just timekeeping tools
Poised for a vibrant decade of consumption growth, India’s middle class will take the lead, fuelled by rising incomes, rapid urbanisation and a shift toward premium products
As the purchasing capacity of Indians is increasing with time, the companies are trying to tap those consumers and sell their premium products
Ecommerce has witnessed a robust revival in sales during the festive season, primarily fueled by a surge in premium purchases across categories such as mobiles, large appliances, jewellery and beauty products, according to industry experts. The trend of premiumisation was notably prominent this year, driven in part by increased accessibility to credit and EMI options, […]
Revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent this fiscal 2023-24, a tad slower than the 8-9 registered in the past two fiscals, according to Crisil Ratings. Higher volume is expected to drive revenue growth, amid support from a gradual recovery in rural demand. On the other hand, […]