Page 3 - Sales

Ajmera Realty & Infra's FY24 sales booking rises 21% to Rs 1,017 crore

Ajmera Realty & Infra India Ltd on Tuesday reported a 21 per cent annual growth in its sales booking to Rs 1,017 crore during the last financial year, helped by strong housing demand. Its sales booking stood at Rs 842 crore in the year-ago period. In a regulatory filing, the Mumbai-based firm said that the sales booking in carpet area rose 28 per cent to 4,72,751 square feet during 2023-24 fiscal from 3,70,219 square feet in the previous year. "We have achieved our highest ever pre-sales figures, totalling Rs 1,017 crore, in alignment with our stated guidance. The company's relentless efforts have yielded remarkable results across aggressive acquisitions, business development endeavours, and execution strategies, underscoring excellence in every aspect of our operations," Dhaval Ajmera, Director at Ajmera Realty & Infra India, said. During the fourth quarter of 2023-24 fiscal, the company's sales booking rose 63 per cent to 1,12,931 square feet from 69,209 square feet in the ..

Smart TV prices to go up this year, shipments down 16% in 2023: Report

Prices of smart TVs are likely to increase in the first half of the ongoing calendar year as prices of panels have gone up in the international market, according to a report on Thursday. The brands are likely to pass on the increase in rates, resulting in a hike in smart TV prices, according to the latest research from Counterpoint's IoT Service. However, the report also expects "smart TV shipments to increase by 9 per cent" this year, as the demand for premium models will increase and consumers will likely upgrade to a larger screen. "The push towards online purchases is set to increase as consumers' confidence in online platforms is increasing, which will encourage them to buy premium models from these platforms. The increasing preference for premium TVs will drive the overall market's average selling price (ASP) further," it said. In 2023, India's smart TV shipments declined 16 per cent, impacted by a hit in the first half due to macroeconomic challenges and excess inventory, ..

Pernod Ricard's H1FY24 sales in Indian mkt up 4%, expects high growth in H2

French spirit maker Pernod Ricard has reported a 4 per growth in sales in the Indian market during the first half of the current financial year. The company, which follows July to June fiscal year, has witnessed a "strong market demand for spirits" in India, according to the latest earnings statement from Pernod Ricard. Moreover, a "strong growth" is expected in the second half (January to June 24) from India, which is the second largest market globally for Pernod Ricard after the US. Its international brands Jameson, Absolut and The Glenlivet reported a "very strong growth" in the Indian market during the period, the company said. Besides, its Indian whisky portfolio Seagram's which includes IMFL (Indian-made foreign liquor) brands such as Blenders Pride, Imperial Blue and Royal Stag also reported over 4 per cent growth in sales, Pernod Ricard added. The company had an "acceleration in Q2 net sales against easing comparables", according to the earnings statement. Globally in the

Pent-up demand fuels Blue Star's air conditioners sales growth by 30%

Robust demand from Tier-III and Tier-V towns spurs growth

Nike trims sales forecast; to cut $2 billion in costs over next three years

Nike said its revenue in the full year, ending May 2024, is expected to be down by about 1 per cent

H&M reports 4% drop in Sep-Nov sales, slightly more than expected

H&M has been losing ground to Zara owner Inditex, which on Wednesday reported a 15% rise in local-currency sales for the nine months through October, and a 14% rise for the following six weeks

China Nov industrial output rises 6.6%, retail sales below expectations

The data on output released on Friday by the National Bureau of Statistics (NBS) exceeded analysts' expectations for a 5.6% rise in a Reuters poll and made it the strongest growth since September 2022

Pizza Hut India operator 'cautious' on expansion after 20% sales slump

Shares of Sapphire slid as much as 8.8% post-results

Vyapar Revolutionizes Retail with V-POS: The Ultimate Point of Sale Solution

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China's Country Garden signals default, hires advisers as sales plunge

Country Garden, which has become a symbol of China's property debt crisis, said that it had not made a due payment in the amount of HK$470 million ($60 million) under certain of its indebtedness

AI, cloud services disrupting retail industry: Experts at Walmart event

Today's consumers expect options in products, pricing, payments and delivery, and technology powers transformations across each

Vizag Steel Plant logs highest monthly sales of value-added steel in Aug

Rashtriya Ispat Nigam Ltd (RINL) or Vizag Steel Plant logged its best ever monthly sales of value-added steel products in August since inception at 1.57 lakh tonne, said an official on Saturday. In August, the steel plant sold 99,000 tonne of rounds (steel variety), which is the best ever sales milestone for this variety, and also logged similar performances in the sale of wire rod coils (79,000 tonne), rebars (2 lakh tonne) and structurals (46,000 tonne). "The sales volume of 1,57,000 tonne of value-added steel achieved in August 2023 by RINL is the best ever monthly sales of value-added steel sales for any month since inception," said the official in a press release. Including value-added steel products, Vizag Steel Plant achieved overall sales of Rs 2,502 crore in August 2023, which is 39 per cent higher than Rs 1,806 crore logged in the corresponding period last year. Besides August highlights, the steel plant located in the port city of Visakhapatnam achieved the highest ...

Samsonite grows 40% in H1 2023, eyes Rs 3,600 crore sales by December

Premium luggage manufacturer Samsonite has grown close to 40 per cent in the first half of 2023 and it aims to touch Rs 3,600 crore sales by December, a top company official has said. Samsonite, having 35 per cent share in the Rs 15,000-crore domestic organised luggage market, leads the premium segment with its various products labelled with the original name as well as under the brand of American Tourister. While its recent addition of Kamiliant brand competes with Safari and VIP in the value segment, American Tourister is positioned between Samsonite and Kamliant as a mass-premium brand. The company said it gets 20-25 per cent business from premium segment where it faces little competition. Founded by Jesse Shwayder in 1910 in Colorado, Denver, the American parent Samsonite International is traded on the Hong Kong exchange which earlier in the day reported a USD 1.04 billion in gross profit for the first six months of 2023, up 47.5 per cent on-year. Its revenue climbed 44.5 per

Mercedes-Benz drives in new SUV GLC in India, eyes double-digit sales

Luxury auto maker Mercedes-Benz on Wednesday launched the latest version of its premium SUV GLC in India with price starting at Rs 73.5 lakh (ex-showroom). The second generation GLC comes with petrol and diesel power trains tagged at Rs 73.5 lakh and Rs 74.5 lakh, respectively. The auto maker said the company has received over 1,500 bookings for the model since the start of the booking process. In an interaction with PTI, Mercedes-Benz India Vice-President (Sales and Marketing) Lance Bennett said the company is looking at a double-digit sales growth this year with GLC sales expected to account for 15 per cent of the company's total sales. "We've got some really good demand in the first couple of weeks of order taking. The GLC is a very important product for us," he said. Bennett said Mercedes-Benz has sold over 13,000 units of the previous generation GLC in India and expects robust demand for the new GLC as well. Locally assembled at the company's manufacturing plant at Chakan in

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Macrotech Developers Q1 bookings up 17% at Rs 3,350 cr; adds 5 new projects

Realty firm Macrotech Developers has reported a 17 per cent increase in sales bookings at Rs 3,350 crore in the first quarter of this fiscal and added five new land parcels to develop projects with sales potential of around Rs 12,000 crore. Macrotech Developers, which sells properties under the Lodha brand, had sold properties worth Rs 2,860 crore in the year-ago period. In a regulatory filing, Macrotech Developers informed that the company achieved its best-ever first quarter pre-sales performance at Rs 33.5 billion (Rs 3,350 crore) showing a growth of 17 per cent on a year-on-year basis. The company also announced the addition of five new projects with GDV (gross development value) potential of around Rs 12,000 crore across different micro-markets. Abhishek Lodha, MD & CEO of Macrotech Developers, said, "with a strong start for the year, the performance achieved is in line with our guidance of 20 per cent pre-sales growth for FY24." The demand conditions remain robust with a ...

Zuckerberg's fortune jumps $10 bn on Meta's robust first-quarter sales

Meta shares rose 14% after the earnings report, lifting Zuckerberg's fortune to $87.3 billion

The Importance of Salesforce Training for Sales Teams

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Tata Housing net sales bookings rise 40% in FY23 on strong demand

Tata Housing, a subsidiary of Tata Sons, on Wednesday said its net sales bookings grew by 40 per cent during the last fiscal year on a strong demand for residential properties in its projects. The company did not disclose the sales bookings value for the 2022-23 fiscal. In a statement, Tata Housing said it has achieved the highest-ever annual residential sales. "Owing to positive consumer sentiments and a strong business proposition, Tata Housing witnessed an exponential demand from North, West, South & East markets...," the company said in a statement. Sanjay Dutt, MD & CEO of Tata Realty & Infrastructure Ltd, said, "We have a strong foothold in the realty market and are actively capitalising on the latest consumer sentiments." "Trends like the rise in millennial home-buying sentiments as well as the surge in NRIs and HNIs investing in the residential segment have allowed us to leverage our diverse portfolio offering homes with an array of residential solutions to a wide