Consumer Durable

India's consumer durables market is expected to witness significant growth to touch Rs 3-3.25 lakh crore by 2030, creating an additional Rs 40,000-50,000 crore opportunity for domestic value addition across materials and component manufacturing, a joint report by Boston Consulting Group (BCG) and industry body CII said. The report said India is expected to remain one of the world's fastest-growing consumer durables markets over the next five years, driven by rising household penetration, growing nuclearisation of families, higher incomes, easier financing, wider distribution and increasing premiumisation. In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent, according to the report. "India is set to remain the fastest-growing major consumer durables market, growing 8-10 per cent annually till 2030 and reach USD 30-35 billion by 2030, with Room ...

Shares of jewellery companies like Titan and Kalyan Jewellers were dragging the overall index down after Prime Minister Narendra Modi's speech at a public event in Hyderabad over the weekend

Consumer electronics firms expect to raise prices by up to 10% as the rupee weakens and input costs rise, while food companies watch the currency closely before adjusting prices

Households are now allocating a greater share of household consumption expenditure to non-food spending on consumables and services, and durable goods, according to a working paper of the Economic Advisory Council to the Prime Minister (EAC-PM). EAC-PM in a working paper titled 'Changes in Durable Goods Ownership in India: Analysis of the Household Consumption Expenditure Survey 2011-12 and 2023-24' on Friday noted that the share of of the monthly per capita expenditure (MPCE) spent on durables has risen in both rural and urban areas, with the rural share slightly surpassing that of urban households in many states. Further, in absolute values (rupees), spending has increased across all states and sectors, with higher absolute expenditure in urban households. "Consequently, a greater share of household consumption expenditure is now non-food spending on consumables and services, and durable goods. Consumables and services are the largest component of household spending in urban areas

PG Electroplast's subsidiary, Next Generation Manufacturers, entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra

India's consumer durables market is expected to touch a size of Rs 5 lakh crore by FY30 and will become the fourth largest in the world by 2027, industry body CII said on Monday. While the country's products are inching towards global reliability, it is imperative to build a robust quality ecosystem and adopt standardisation in the sector and also export Indian standards globally, said B Thiagarajan, Chairman, CII National Committee on Consumer Electronics and Durables. Speaking at the CII Consumer Electronics & Durables Summit 2024, Thiagarajan, who is also the Chairman and Managing Director, Blue Star Ltd, further said the next decade is expected to create multiple opportunities across the value chain in the sector. "From finished goods as well as development of an indigenous component ecosystem, with the right focus on domestic scale, India's prospects of becoming a global manufacturing powerhouse holds great promise," he asserted. Thiagarajan said, "India is already the ...

The company has soft-launched a range of coolers under the Wyzr brand and they are available on Flipkart

CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost

Another electronics retailer said on condition of anonymity that sales of summer white goods were impacted this year

It has launched the Neo QLED 8K TVs and Neo QLED 4K TVs in sizes ranging from ranging from 50-inches to 98-inches

While input costs have eased, lower volumes could impact margins

Of late, prices of metals, such as copper, steel, and aluminium, and crude oil have come off by up to 15 per cent from their October peaks

In Q2, Ebitda margin declined 338 bps year-on-year to 13.8 per cent, mainly due to higher raw material costs

A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity

The stock hit a 52-week high of Rs 60.75, having rallied 86% in the past two weeks from Rs 32.60

Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent, largely helped by long and harsh summer

The rural market, which accounts for 36 per cent of India's FMCG market by sales, contributed 60 per cent to the slowdown

It has acquired Lloyd's consumer durable business that is engaged in AC, TVs & other home appliances