Consumer Durable

Consumer durable firms set to hike product prices as rupee slides

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 allocating greater share of monthly bill to non-food spending'

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 stock jumps 5% on ₹1,000 crore deal with Maharashtra govt

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

India's consumer durables market to be world's 4th largest by 2027: CII

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 ...

Reliance to enter consumer durable goods market under Wyzr brand: Report

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

Consumer durables see single-digit growth as penetration remains low

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

Vijay Sales to Rasna: Summer sales of beverages, white goods a damp squib

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

Samsung India expects growth to double for its premium television 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

Consumer durable demand outlook likely to remain weak in Q3FY23

While input costs have eased, lower volumes could impact margins

Prices of white goods rise third time in 2021 amid surging commodity costs

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

Havells India dips 9% on margin disappointment in Sept quarter

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

TTK Prestige zooms 20%, hits record high as board to consider stock split

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

BPL hits upper circuit for 10th straight trading session, zooms 86%

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

RBI debt restructuring scheme to benefit resilient sectors more: Crisil

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

Consumer durables report steady growth in 2019; slowdown a threat in 2020

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

FMCG firms dig deep in the hinterland to spur sagging rural demand

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

Havells' Lloyd Consumer buyout to help gain strategic foothold in AC market

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