Page 7 - Festive Season

E-commerce firms focusing on quick deliveries this festival season

The e-commerce industry is poised for a 35 per cent surge in sales during the upcoming festive season, according to a TeamLease report

Festival season fuels temp hiring across industries, 700k new jobs expected

The festive season - which begins on August 19 with Raksha Bandhan through to Christmas and the New Year - is likely to see a boost in consumer spending, leading to a surge in temporary hires

V-Mart Q3 results: Profit rises 41.3% at Rs 28.23 cr, revenue up 14.4%

V-Mart Retail Ltd on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing by the value retailer. Its revenue from operations was up 14.43 per cent to Rs 889.05 crore during the quarter under review. It was at Rs 776.88 crore in the corresponding quarter. "Good festive demand in the quarter helped increase footfalls by 23 per cent reflecting an improved consumer sentiment. Winter season was delayed and remained muted during the quarter. Working capital improved with a decrease in inventory by 12 per cent from last quarter," said an earning statement from the company. V Mart's total expenses were up 15.18 per cent to Rs 865.20 crore, up 15.18 per cent in the December quarter of FY24. Its revenue from retail trade was at Rs 872.04 and Rs 17.01 crore from digital market p

Nykaa Q3 results: Net profit doubles to Rs 16.19 cr on festive demand

The company's consolidated net profit rose 97% to 161.9 million rupees ($1.95 million) in the third quarter ended Dec. 31. It had posted a drop in net profit in three of its previous five quarters

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 21%

Consolidated profit for the three months ended Dec. 31 was Rs 11.71 crore ($1.41 million) compared with a loss of Rs196 crore a year earlier, the company said in an exchange filing

Blue Dart Express Q3 profit rises to Rs 888.9 mn on festive demand

Logistic companies have been grappling with increased competition, slow demand and volatile air turbine fuel (ATF) rates, which form a major part of their expenses

TVS Motor beats Q3 profit view on strong festive demand, sales up by 25%

Sales of motorcycles jumped about 20%, accounting for nearly half of the total business, while sales of less-expensive scooters surged 36.5%, boosting TVS' revenue by 26% to 82.45 billion rupees

Result preview: Subdued festival sales may reflect in Q3 retail numbers

The third quarter of the financial year typically witnesses higher sales since it coincides with the festival season

Credit card spending take 10% dip in Nov as festive season comes to end

Point of Sale (PoS) transactions increased to Rs 59,014.93 crore in November from Rs 57,774.35 crore in October

Retail automobile sales at new peak in Nov, car stocks loom large

3.8 mn weddings in Nov 23 and Dec 15 helped business, says dealers' association

Versuni witnesses great festival season with premium products driving sales

Taurani added that the festival season also reversed the post-Covid slowdown that the small appliances market was witnessing

Dining out to getting fit, Indians pumped life into experience economy

The insights are based on the purchasing trends and patterns from the two months leading up to Diwali

Elections, festivities, and pollution weigh on India's cement demand

While the festive season slows down construction activity, some dealers expect the lull to extend for the entire month as multiple states enter election mode

Festival season fail to light up apparel sales, consumer durables shine

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has pegged the growth this festive season at 20 per cent

Three-fold increase in special train trips this festive season: Vaishnaw

Dismissing reports of a shortage of berths for passengers opting for non-AC coaches, Railway Minister Ashwini Vaishnaw on Thursday said there has been a nearly three-fold increase in the number of special train trips this festive season as compared to last year. The railways is operating 6,754 additional train trips this festive season between October 1 and December 31 to clear the rush of passengers as compared to 2,614 in the same period last year, he said. Till date 2,423 trips have been completed and the remaining trips will be made in the coming days, the minister said. "Every year we do a very serious planning to make arrangements for passengers for Diwali and Chhath. We monitor the reservation and waiting list trends three months before the beginning of the festive season and take a call on making arrangements for the additional train trips," Vaishnaw said during an interaction with journalists. The railways also takes into account last year's passenger figures in the planni

Hero MotoCorp posts its best festive season with sale of 1.4 mn 2-wheelers

Riding on robust demand across rural markets as well as steady retail off-take in key urban centres, the company registered a 19 per cent growth over the festive season last year

Wakefit.co reports 35% increase in revenue during 2023 festive season sale

While mattresses and accessories continue to be the highest contributors to the revenue, furniture now commands 30 per cent of the business

Festive boom: Mumbai property sales between Navratri and Diwali up 30%

The daily average registration rate in Mumbai climbed 26% during the October 15 and November 15 period to 407 units from 322 units last year

Car makers break festive season records, do record sales of Rs 1.3 trillion

Driven by consumer demand, automobile companies sold 1.14 million vehicles, averaging nearly 13,000 units daily

EMI to warrants: What to know about discounts in festive shopping season

A go-to guide to on what to look for in the fine print of deals being offered