Page 5 - Consumer Durables

Consumer durables market hit as containers pile-up at Shanghai port

Consumer durable companies in India have stocked up on components, but inventory could start to dry-up from mid-May onwards.

Not big players, but small brands catering to the needs of India: CAIT

CAIT said it is a myth that about 3,000 big brands of corporate houses are catering to the needs of the people of the country

Russia-Ukraine war, Covid in China to push up prices of white goods

The last of the five-part series looks at why durables companies are planning to raise prices by up to 15%

Russia-Ukraine crisis: Consumer durables firms in wait-and-watch mode

Freight costs had only recently started to stabilise, which were on the rise during the pandemic.

Consumer durables market feels Omicron chill in the third quarter

Consumer durables market is however expected to return to normal this summer as demand increases post omicron chill.

Price hikes drive FMCG revenues in Q3, but margins see some pressure

Volumes were also under pressure as consumers cut back spending on high inflation

Lenders see faster resolution of Videocon debt with three big new bidders

Govt's PLI sops encourages Adani, Jindal to show interest in VIL's consumer durable business

Tata Consumer Products' Q3 net profit jumps 22.2% to Rs 290 crore

Tata Consumer Products Ltd (TCPL) on Wednesday reported a 22.19 per cent jump in its consolidated net profit to Rs 290.07 crore for the third quarter ended December 31, 2021.

Weak rural demand takes a toll on consumer segment, say experts

Consumer durables makers have also witnessed a slowdown in rural demand due to inflationary trends coupled with weak festive season sales

Consumer durables prices to go up 5-10% amid rising input costs

Prices of air conditioners and refrigerators have shot up in the new year as consumer durables makers pass on the impact of rising raw material costs and higher freight charges to customers

Whirlpool stock to benefit from attractive valuations, demand recovery

Long term growth prospects and valuations are key positives

Tips on choosing an electric room heater to keep the winter cold at bay

There are many kinds available at different price points in the market. Go for one that is compatible with the space that you want to keep warm

Satish N S to lead Haier India in 2022, as Eric Braganza set to retire

Consumer durable maker Haier Appliances India on Thursday said Satish N S will take over as President of the company, as incumbent Eric Braganza is going to retire on January 1, 2022. Braganza, who served Haier for almost 12 years, will continue to serve as a consultant with the brand, a company statement said. "As of January 1, 2022, Satish N S, Senior Vice President, Sales & Marketing, Haier Appliances India, will be taking over as President of the company. Eric Braganza will continue to mentor the team as a consultant," the company said. Besides, Braganza (65) would also continue his role as President of Consumer Electronics and Appliances Manufacturers Association (CEAMA), it added. "Under Eric Braganza's leadership, Haier India continued to record phenomenal year-on-year growth over the last few years to become one of the most prominent brands in the home appliances and consumer electronics industry," the company said. Braganza, a veteran in the consumer durables industry, ..

Microtek plans to invest Rs 500 crore to boost electric product business

Power appliance maker Microtek is planning to invest Rs 500 crore to boost its electric product business over the next one year, a senior company official said on Friday. The company will primarily make investments in research and development and ramping up the manufacturing of its products. "We have crossed Rs 250 crore revenue. We are targeting to cross Rs 400 crore revenue and invest Rs 500 crore in the next one year," Microtek International Deputy Managing Director Saurabh Gupta said. As per industry estimates, the domestic electrical equipment market is expected to grow at an annual rate of 12 per cent to reach around 5.4 lakh crore by 2025, he added. "So, there is an immense potential in the market, which Microtek as an Indian company is very keen to tap," Gupta said. The company at present is engaged in the manufacturing of power inverters, solar solutions, electric vehicle chargers, wires and cables etc. "We will be using this investment in R&D and manufacturing as we wan

Consumer durables makers revenue seen rising 20% this fiscal

Driven by electrical appliances makers, the Rs 2 lakh-crore consumer durables sector is set to report a robust 20 per cent revenue growth this fiscal after a flattish run last fiscal, says a report. Revenues of electrical appliances makers are expected to grow twice as fast as white goods makers, forming 65 per cent of the sectoral revenues this fiscal (which traditionally is only 35 per cent of the sectoral revenue), Crisil said in a report on Wednesday. Operating profitability will be a tad lower due to costlier inputs despite price hikes, though, the report said, adding credit profiles will be stable on healthy revenue accruals and low leverage. The Crisil report is based on the analysis of 15 companies which account for 45 per cent of the sectoral revenue. The sector, which clocked Rs 2 lakh crore revenue last fiscal, includes consumer electricals (excluding mobile phones) and white goods. White goods include washing machines, televisions, refrigerators and air conditioners whi

Whirlpool of India's profit sees twofold jump to Rs 413 cr in Sept quarter

However, its revenue from operations during July-September 2021 rose marginally to Rs 1,607.10 crore, compared with Rs 1,598.47 crore in the year-ago period

Consumer durable makers expect double-digit growth during festive season

The consumer durable industry is expecting double-digit growth in the festive season sales this year, despite inflationary pressure on inputs that led to price hike twice in the year

Consumer durables to see sustained growth over few yrs: Whirlpool India

The consumer durables industry is expected to witness sustained growth over the next few years, according to Whirlpool of India.

From households to FMCG companies, commodity inflation bites hard

The higher prices of widely used raw materials such as edible oils, pulses, television panels, and chipsets are burdening household budgets and threatening the margins of leading manufacturers

Home appliance companies seek a place on the list of essential items

This follows similar demands by smartphone and laptop makers