Page 5 - Home Appliances

Godrej forays into dishwashers; eyes 15% mkt share by end of 2021-22

Godrej & Boyce, the flagship company of the Godrej Group, on Tuesday announced its foray into the dishwashers market and is eyeing 15 per cent market share by the end of this financial year in this segment. The pandemic has upped stress level of consumers significantly. City-based consumers particularly... are juggling their office work with household chores while trying to limit their dependence on domestic help to avoid health risks. This has led to a surge in effort minimising appliances like dishwashers. We believe that this category will continue to see growth even post pandemic as more and more consumers discover the value this product can add to their lives," Godrej Appliances Business Head and Executive Vice President Kamal Nandi told reporters at a virtual press conference. He further stated that the dishwasher segment is at a very nascent stage and the total market size is expected to cross USD 90 million (Rs 667-700 crore) by 2025-26. "We are targeting 15 per cent ...

LG converting smartphone production lines to manufacture home appliances

LG Electronics is fast converting its overseas smartphone manufacturing lines into facilities to make home appliances following its decision to withdraw from the mobile business

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

This follows similar demands by smartphone and laptop makers

Appliance firms staring at brief production halt amid lockdown

Panasonic set to shut its Jhajjar plant for a week starting Monday

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

Durables players admit that restrictions have hit festive sales

Home appliance, auto firms fear localised lockdowns will hit festive sales

Real estate companies remain optimistic on strong order book

Star MNC: Home appliances major Whirlpool makes a strong comeback

By expanding its product portfolio, adding new markets and widening its retail footprint, the home appliances major has emerged a clear winner

TV makers jump on PLI bandwagon as more AC companies evince interest

Apart from offering inducement to any incremental production over the next five years, the scheme has the potential to transform the manufacturing landscape in the country

Stove Kraft IPO subscribed 18 times despite secondary market sell-off

Institutional portion garners 8x, HNI subscribed 33 times, while retail quota saw 26x subscription

Kitchen appliances firm Stove Kraft's IPO subscribed 3x, closes tomorrow

The company is looking to raise Rs 95 crore through the IPO. The issue also comprises of secondary share sale worth Rs 318 crore

Stove Kraft mobilises over Rs 185 cr from anchor investors ahead of IPO

Stove Kraft is a manufacturer of kitchen appliances

LG sees record fourth quarter earnings on solid home appliance sales

LG Electronics on Friday forecast robust fourth-quarter earnings as sales from its mainstay home appliances apparently remained solid

Cool ride for Whirlpool's investors on healthy pick-up in demand

Healthy demand improves earnings visibility; shares scale to all-time high and post the highest daily gain since March

Durables makers end 2020 at record low, sales down 30% amid Covid-19

While the countrywide lockdown between late March and May wiped out sales for three months, falling demand after Diwali has been a crippling factor

Hitachi to sell overseas home appliance biz to Turkey's Arcelik: Report

The Japanese industrial conglomerate aims to improve profit via the deal with the Turkish company, says Nikkei.

Diwali cheer for auto, durable makers as need for convenience drives sales

While retailers, manufacturers said that sales growth has been in double-digits for home and kitchen appliances during the Diwali period this year, car dealers say some models have stocked out

Voltas impresses street, scores over peers with strong show in Sep quarter

Better than expected performance, market share gains in room ACs improve earnings outlook

Rush for premium appliances fires up festival shopping despite downturn

Industry leaders are hoping that the extraordinary festival demand for premium products would translate into a sharp rebound that stays on

Cost controls power Orient Electric's six-fold jump in quarterly profit

The electrical appliances maker posted a net profit of about Rs 32 crore, while expenses fell nearly 9 per cent

Appliance sales up 30% in festive season; e-commerce contribution rises

Appliances and consumer electronics companies have reported high double-digit growth in sales during this Navratri season