Consumer Durables

LG Electronics India posts 7% revenue growth, 12% rise in profit for 2024

In its segment-wise revenue, LG reported Rs 5,672 cr from the home entertainment division, under which it sells televisions, audio systems, DVDs, monitors, and security cameras, among other products

IFB Industries zooms 20%, hits record high on stable demand outlook

IFB Industries share price: The management highlighted that the washer business showed good signs in August, 2024, and is well poised for a good performance in Q2 and Q3 of FY25

India's consumer durables market to be world's 4th largest by 2027: CII

India's consumer durables market is expected to touch a size of Rs 5 lakh crore by FY30 and will become the fourth largest in the world by 2027, industry body CII said on Monday. While the country's products are inching towards global reliability, it is imperative to build a robust quality ecosystem and adopt standardisation in the sector and also export Indian standards globally, said B Thiagarajan, Chairman, CII National Committee on Consumer Electronics and Durables. Speaking at the CII Consumer Electronics & Durables Summit 2024, Thiagarajan, who is also the Chairman and Managing Director, Blue Star Ltd, further said the next decade is expected to create multiple opportunities across the value chain in the sector. "From finished goods as well as development of an indigenous component ecosystem, with the right focus on domestic scale, India's prospects of becoming a global manufacturing powerhouse holds great promise," he asserted. Thiagarajan said, "India is already the ...

Havells' valuation factors in gains from buoyant demand, expansion

Industry revenue has risen above the long-term average, due to the heatwave

Foreign portfolio investors turned net buyers in second half of August

After regaining their risk appetite, FPIs pumped money into consumer durables and information technology (IT) stocks. Power and metals stocks saw the maximum net outflows

Whirlpool of India stock jumps 7%, hits 52-week high; up 86% in 6 months

Earlier in February, Whirlpool Mauritius Limited, the promoters, had sold 30.4 million equity shares or 24 per cent stake of Whirlpool India via open-market trade for $468 million to reduce debt.

Why are India's consumer durable makers locked in intense warranty war?

Brands are offering warranties on washing machines and dishwasher motors for up to 20 years, which are being marketed as 'lifetime' guarantees

Prices of consumer durables may go up; container prices up 4-fold in a mth

However, Super Plastronics, a Kodak brand licensee, plans to hike prices in the range of 3-5 per cent in June and another 3-5 per cent in July on its televisions

Crompton Greaves Consumer Electricals Q4 net profit rises to Rs 133.43 cr

Crompton Greaves Consumer Electricals Ltd on Thursday posted a 1.43 per cent increase in consolidated net profit to Rs 133.43 crore in the March 2024 quarter. The company reported a consolidated net profit of Rs 131.55 crore a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. During the quarter under review, consolidated revenue from operations was Rs 1,961 crore over Rs 1,790.96 in the year-ago period. The electric consumer durables (ECD) segment clocked revenue of Rs 1,515.98 crore as compared to Rs 1,325.74 crore in the same period a year ago. Lighting products revenue in the quarter was marginally higher at Rs 281.12 crore, up from Rs 278.57 crore in FY23. On the other hand, the revenue from Butterfly, which it acquired last year, was lower at Rs 163.9 crore in the fourth quarter as compared to Rs 186.65 crore in the year-ago period, the filing said. Total expenses were higher at Rs 1,808 crore from Rs 1,637.3 crore in the corresponding

Dow sees quarterly sales below estimates over weak consumer durables demand

Retail sales in Germany, Europe's largest economy, fell unexpectedly in February, while the continent's manufacturing activity continued its decline during the first quarter

With mercury rising, analysts foresee summer surge for consumer durables

IMD forecasts that most parts of the country will experience hotter-than-average temperatures from March through May, leading to an uptick in the frequency of heatwave days

Whirlpool of India Q3 results: Profit up 12% to Rs 30 cr, revenue up 18%

Consumer durables maker Whirlpool of India Ltd on Friday reported a 12 per cent growth in its consolidated net profit at Rs 29.93 crore for the third quarter ended December 2023, helped by volume growth. The company had posted a net profit of Rs 26.71 crore during the October-December quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said in a regulatory filing. Its revenue from operations was up 17.9 per cent to Rs 1,535.65 crore during the quarter under review. It was at Rs 1,302.46 crore in the corresponding period of the previous fiscal. Whirlpool of India's total expenses were at Rs 1,528.92 crore in the December quarter, up 17 per cent. Its total income in the December quarter was up 17 per cent Rs 1,571.17 crore. Commenting on the result, Managing Director Narasimhan Eswar said: "We had a strong quarter on revenue and volume growth on the back of our recently launched innovations being fully available in the marketplace, competitive .

Consumer durables see premiumisation shift, affordable segment lags

The premiumisation trend was visible among all key categories like televisions, refrigerators, and washing machines

Consumer durables see single-digit growth as penetration remains low

CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost

Havells' consumer durables brand Lloyd enters Middle East market

Havells India Ltd on Wednesday said its consumer durables brand Lloyd has forayed into the Middle East market through a distribution partnership with Dubai-based TeknoDome. Lloyd's focus in the Middle East encompasses a range of technologically advanced and energy-efficient products and the company has introduced a portfolio, including a premium range of ACs, front-load and semi-automatic washing machines, frost-free and side-by-side refrigerators and LED TV range, Havells India said in a statement. Havells India Chairman and Managing Director Anil Rai Gupta said the company's commitment has been expanding its international presence. "...We take pride in Making in India for the world. Lloyd has been synonymous with innovation and trust in India, and we are confident that our range of products will resonate with the preferences and lifestyle of the Middle East market," he added. On the partnership with Havells, TeknoDom Chairman and Managing Director Saket Gaurav said, "This ...

RBI tightening on unsecured loans: White goods firms fear margin squeeze

While the consumer won't bear the brunt of RBI's move, companies, however, still await clarity but expect their margins to take some hit

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

Consumer durables sales see a pick-up on lucrative festival finance schemes

Premiumisation gets a push due to longer term EMIs and lower upfront payments

Whirlpool's India arm posts 22% fall in net profit to Rs 38.2 crore

Whirlpool India Q2 result: The company's revenue from operations was down 5.58 per cent to Rs 1,521.56 crore during the quarter under review against Rs 1,611.54 crore last year

Downgrades may pressure Voltas stock, QCO norms could impact sales

While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend "Buy/ Accumulate" in expectations of strong overall growth through FY26