Consumer Durables

Wednesday, Apr 17, 2024 | Last Update : 01:59 AM IST

Hiring of temporary staff has gone up and this year's hiring would be better than last year, but not as good as pre-pandemic years. There is no slump for the manufacturers. But retailers are cautious. — Representational image/AP

Retailers still cautious about festive season hiring

Retail stores usually hire more hands for in-store promotions and installations during the festive season

13 Sep 2021 8:40 AM

Given current sentiments, 2020 may not register high growth but weather is expected to play a key level for growth. A hot elongated summer may drive growth for cooling products in the first half, said CEAMA President Kamal Nandi.

Consumer durables report steady growth in 2019; slowdown a threat in 2020

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.

23 Dec 2019 9:34 AM

Leading consumer durable maker Samsung, is expecting double-digit growth in TV panel market, during this festive season sales. (Photo: Representational)

Consumer durable manufacturers look forward to festive season for sales revival

Manufacturers expect factors like good monsoon and recent stimulus measures by the government will have positive impact on sales.

29 Sep 2019 3:50 PM

There was a slowdown in the manufacturing sector, which grew at 1.2 per cent in June 2019 as compared to 6.9 per cent a year ago. (Photo: Representational)

Industrial production growth slows to 4-month low of 2 per cent in June

Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7 per cent in June 2018.

09 Aug 2019 7:31 PM

Imports of refrigerators, washing machines and ACs are 150 per cent, 484 per cent and 624 per cent higher than exports.

Imports of consumer durables soar in FY19

FTAs helping imports even as India’s exports come down.

29 Jul 2019 6:54 AM

For consumer durables, the festive season of Q3 and Q4 accounts for a large part of the annual sales.

Consumer durables may also face slowdown heat

As per Equirus Capital pricing may come under pressure due to rising competition as MNCs’ targeting market share gains.

25 Jul 2019 1:02 AM

Traditional distribution account for close to 90 per cent of Usha International's revenue but now the company has drawn a strategy to increase organised retail's share rapidly.

Usha International toying with franchisee model

Now organised retail account for Rs 300 crore sales out of Rs 3,000 crore topline of the company.

23 Jun 2019 11:01 AM

Consumer durables clocked 57 per cent growth on the online platform.

E-commerce discounts hit offline sales of consumer durables

E-commerce platforms account for just 5 to 10 per cent of the entire consumer durable sales.

30 Nov 2018 10:17 AM

Industrial production grew at 6.6 per cent in July on the back of good performance by the manufacturing sector and higher offtake of capital goods and consumer durables.

IIP grows at 6.6 pc in July as manufacturing, capital goods shine

The IIP growth for June was also revised downwards to 6.8 per cent from the provisional estimate of 7 per cent.

12 Sep 2018 7:56 PM

Consumer durables firm Godrej Appliances on Friday said it has reduced the prices of its washing machines, refrigerators, microwave ovens and chest freezers by 10 per cent, passing the benefit of GST rate cut to consumers.

Godrej Appliances slashes prices by 10 pc after GST rate cut

These products were earlier placed under the 28 per cent tax slab, which was recently reduced to 18 per cent.

27 Jul 2018 5:15 PM

Thanks to the GST rate cut, consumer durables, which have been witnessing a slower growth for the past six quarters, are expected to return to double-digit growth with the sentiments improving during the festival season.

GST rate cut to boost consumer durables sales this festive season

The government also had reduced the GST rate of paints from 28 per cent to 18 per cent.

24 Jul 2018 12:54 PM

Shares of footwear, paint makers, consumer durables and FMCG companies surged up to 10 per cent on Monday after the GST Council reduced tax rates on a number of products.

Consumer durables, FMCG stocks surge up to 10 pc on GST rate cut

The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV.

23 Jul 2018 6:29 PM

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.

Industrial output dips to 4.4 per cent

However, despite a low growth RBI is not expected to cut interest rates in the next policy review meeting due to concerns over inflation.

12 May 2018 12:17 AM

Industrial output or IIP contracted by 0.1 per cent in June.

Industrial output enters negative zone, contracts 0.1 per cent in June

Factory output, measured in terms of Index of Industrial Production, grew 8 per cent in June 2016.

11 Aug 2017 7:13 PM

LG is a major player in consumer durables segment.

GST: LG first durables firm to hike LED TV prices

Report says dealer prices have increased in range of 1.3 to 7 per cent in western region in Delhi.

04 Jul 2017 12:38 PM

Godrej Appliances eyes 20 pc of 5-star, inverter AC

Company's 5-star category accounts for almost 22 per cent of Rs 10,000 crore AC market.

07 Mar 2017 6:21 PM

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Skand Tayal

consumer durables