Festive Season Sale

Shoppers Stop Q3 results: PAT rises 41% to Rs 52.23 cr, revenue grows 11.5%

Spending on beauty and lifestyle products surged during India's festive season between October and December, which typically accounts for the bulk of retailers' annual sales

Slowdown in urban demand hits FMCG growth; rural recovery offers hope

Initial data from NielsenIQ for October shows overall FMCG growth at 4-5 per cent, with volume growth at around 3 per cent and price growth at just 1-2 per cent

Senco gold shines with Rs 1,000 cr festive sales despite record high prices

Senco Gold dazzles with over Rs 1,000 crore in October sales, defying record-high gold prices with strong rural demand and festive cheer

Festive sales boost e-commerce to $14 bn GMV as tier-II+ cities lead growth

Fashion segment and electronics driven by quick commerce platforms in major cities Delhi, Mumbai, and Bangalore

Maruti Suzuki aims to boost festive sales with November wedding surge

With a record October month behind, the country's largest carmaker Maruti Suzuki India is banking on a "few lakhs marriages" slated for November to carry forward the festive sales momentum, according to a senior company official. The company clocked retail sales of 2,02,402 units last month, which is its highest for any October month on the back of festive sales, breaking the previous record of 1,91,476 units posted in October 2020. "We are made to understand that some 'few lakhs' marriages are being planned across the country (in November). So we are pretty hopeful that it will also give us good traction in terms of our retail sales," Maruti Suzuki India Ltd Senior Executive Officer, Marketing and Sales, Partho Banerjee told PTI. He was responding to a query on whether the company would be able to carry on the momentum of festive season sales for the next few months. "We have to see actually but we feel there are a good number of marriages this time in the month of November. The .

Amazon India records high growth in premium product sales during festivals

Demand for premium products across categories, including television, smartphones, and large appliances, dominated the Diwali season sale during the Amazon Great Indian Festival (AGIF) 2024 that commenced from September 27, a senior company official said on Saturday. Amazon India Vice President Saurabh Srivastava told PTI that the company recorded 10-times growth in Apple iPad sales and five-times growth in Samsung tablets during the Amazon Great Indian Festival (AGIF) 2024. "One clear trend that was there is premiumisation. When we look at it, whether it is televisions or fashion and beauty, gaming laptops, home and kitchen appliances, we have seen a clear trend of premiumisation. People are preferring more premium products. Again, this is not limited to just top cities," Srivastava said. He said large-screen TVs contributed to about 30 per cent of the total unit sales in the segment and there was 10-times growth in their demand on a year-over-year basis with Samsung, Xiaomi, and So

From Reliance to Unilever, firms worried about low consumer demand in India

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

Compare festive housing offers and resale rates to ensure authenticity

Larger reputed developers do not see much of a need to sweeten the deal since demand remains reasonably strong for them

Diwali sales set to hit Rs 4.25 trillion; traders prep for festive boom

Buoyed by the success of recent festivals, traders are attracting Diwali shoppers with vibrant lights, festive decor, and special discounts

Amid slackness, RBI report confident of festive season boost to economy

"Stage is set for the private sector to deploy capital and invest in growth"

E-commerce GMV to increase 23% to $12 bn in 2024 festival season: Report

Growth led by digital penetration in India's Tier-II and Tier-III cities, according to Shiprocket

Bajaj Auto, TVS, Hero slip up to 11% on below expectation festive demand

At 10:15 am, the BSE Auto index, the top loser among sectoral indices, was down 3 per cent, as compared to the 0.33 per cent decline in the BSE Sensex

Not price cut, but festive discounts: Ola Electric on ARAI notice

The Boss sale of Ola is already under regulatory scanner as the Automotive Research Association of India (ARAI) has raised concerns over the company's recent pricing practices

Ola Electric's BOSS sale under regulatory lens: What are ARAI's concerns?

Not updating ARAI about discount could risk subsidy claim

Women bring home the sales, delivering festival wins for e-commerce firms

Flipkart said that among the blue-collar workforce it has hired for this festive season, there is a 24 per cent growth in women hired compared to the Big Billion Days (BBD) sale event in 2023

E-commerce order volumes grow 20% in first 4 days of festive season sale

Despite only a marginal increase in volumes, the home decor category reported an impressive 50 per cent increase in GMV over last year

Festival season sales kick off to record-breaking start for e-com majors

Meesho reported a 100% increase in Day 1 orders compared to last year

Flipkart, Amazon eye 20-25% sales growth during festive shopping season

From September 26 to 28, online retailers experienced approximately a 26 per cent increase in sales compared to the previous year, amounting to around Rs 26,500 crore

E-commerce firms witness huge jump in festive sales from towns, cities

Flipkart recorded 330 mn user visits during Early Access and Day 1 combined, during The Big Billion Days (TBBD) 2024 sale event. Another e-commerce firm Meesho said it achieved 100 per cent increase

Meesho sees 65 mn unique visitors on Day 1 of festive sale; orders double

SoftBank-backed e-commerce platform Meesho on Saturday said it recorded about 6.5 crore unique visitors on its portal on Day 1 of the annual festive season 'Meesho Mega Blockbuster Sale'. Meesho Founder and CEO Vidit Aatrey said the company's app downloads reached around 1.5 crore ahead of the sale and the number of purchase orders has doubled on the first day of the sale on Friday as compared to that of the previous season. "By just 2 PM yesterday, we had already surpassed our previous best of highest orders placed on Day 1 previous year, and by the end of the day, that number had more than doubled. Around 6.5 crore unique customers visited the mobile app on Day 1," Aatrey said on a social media platform. According to a report by research firm Statista, the number of online shoppers was estimated to be about 25 crore across India in 2023 and it is likely to increase to 42.5 crore in 2027. Meesho claimed that the orders on Day 1 doubled compared to last year while it tripled compar