Page 3 - Festive Sales

Consumer companies expect strong sales revival this festival season

There are expectations of a good kharif crop as well

Dismal festive season for artisans due to 70% cut in post-Covid demand

As Delhi gears up to celebrate Navaratri and Durga Puja with fervour after a two-year Covid pandemic lull, the situation continues to remain gloomy for the city's idol-makers due to curtailed spending by individuals and budget cuts by puja committees. According to the artisans, orders have reduced by almost 70 per cent this year as compared to pre-Covid times and most of the orders are for smaller and cheaper idols, which results in thin profit margins. "Our business got impacted due to the pandemic and the subsequent restrictions. We have returned to work after two years but the business hasn't revived. It is not even even 25 per cent of what it used to be (before Covid) and because of this, we had to reduce our staff," owner of an idol-making shop at Chittaranjan Park Govind Nath told PTI. Eleven idol makers from West Bengal, who used to work in here, went back to their respective hometowns during the first lockdown in 2020, he said. "People have been ordering idols of smaller ..

India's online festive sales to register 28% increase to hit $11.8 bn

The festive month is generally defined as a period starting from the first sales event and lasting roughly till Diwali week

Over 2 years after Covid outbreak, consumer firms see strong festival sales

The sentiment is robust even in the consumer durables segment

Sweets-snacks trade can touch all-time high of Rs 1.25 trn: Manufacturers

As markets are regaining the traditional excitement this festive season after lacklustre sales during the COVID-19 pandemic, the trade of sweets and namkeen (snacks) in the current financial year is likely to reach an all-time high of Rs 1.25 lakh crore, says an industry body representative. During the Rakshabandhan festival last month, the trade of sweets and snacks witnessed a tremendous growth, Federation of Sweets and Namkeen Manufacturers director Firoz H Naqvi told PTI. "The demand of modak and other sweets has also increased in the ongoing Ganesh festival and this trend is expected to continue during the forthcoming Dussehra, Diwali and Holi festivals too, he said. The federation is an apex body of sweets and other snacks manufacturers. In view of the current trend in the market, the total trade of sweets and snacks during this financial year is likely to cross all previous figures and touch an all-time high of Rs 1.25 lakh crore, as the online sale and home delivery of thes

Flipkart social commerce biz Shopsy's revenue grew 4x on festive purchases

Shopsy, which competes with players such Meesho, DealShare, BulBul, GlowRoad, Mall91, and simsim is on track to enable over 25 million online entrepreneurs by 2023.

Real estate sector lights up with festive cheer as demand spikes

The Indian real estate sector has seen a spike in demand during the festive period, a recent report by Knight Frank, India informed

Diwali festive sale crosses Rs 1.25 trn, breaks all records in 10 yrs: CAIT

Local shops on Amazon clocked a 2x spike and sold over 10 products every minute

Tips to curb revenge spending and avoid a debt trap this festive season

Planning your expenses and comparing offers is a good way to start; use your plastic wisely and don't buy every claim the manufacturer tries to sell you

HDFC launches festive offer; home loan starting from 6.7%

Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent.

April likely to be a washout for appliances as fresh Covid-19 curbs hit biz

Durables players admit that restrictions have hit festive sales

Volume growth, market share gains key for Hero MotoCorp, going ahead

Its ability to make further inroads into premium bikes, scooters will be critical

Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued

The company is cautious on passing on raw material cost hikes to protect volumes

Crompton Consumer: Strong demand, mkt share gains may help sustain growth

Jefferies estimates a 13% annual growth in topline during FY20-23, as well as margin expansion

Festive sales and pent-up demand push Titan closer to growth in Q3

While jewellery division crosses recovery phase to growth phase, watches & eyewear divisions near full recovery

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

GST mop-up crosses Rs 1 trn for second straight month on festive sales

Experts attribute it to festive season demand; warn it may not be sustainable

Amazon, Flipkart, and others clock $8.3 billion in festive gross sales

The festive season this year saw 88 per cent customer growth from last year, which was driven by 40 million shoppers from tier-2 cities and beyond

Auto firms buoyed by festive sales, unsure of sustained demand after Diwali

Dealerships have asked manufacturers to be cautious, warning that over-stocking will hit their margins in case sales soften

Apple turns the tide in India with record sales; 800,000 iPhones sold in Q2

Apple regained momentum in India in Jul-Sept, with double-digit growth, according to analyst firm Canalys