[ad_1] Pankaj Murarka, CEO and Chief Investment Officer at Renaissance Investment Managers, which manages over ₹1,000 crore in assets, expects high single-digit market returns in 2025. He remains cautiously optimistic due to India’s high valuations and a cyclical economic slowdown. He believes this will be a year of stock picking, with wide sectoral and stock-level […]
Diwali sales bring festive cheer but retailers remain cautious on demand trends – CNBC TV18
[ad_1] Diwali sales this year delivered a festive boost for retailers, with early data showing a clear improvement over last year’s subdued growth. AK Tyagi, Executive Director at Haldiram’s, reported a 5-15% sales growth across the company’s product range, with premium and mass-market snacks both performing well. “Festival season of 2024 is better than 2023,” […]
Consumer durables see 10% festive boost, led by premium segment and financing offers – CNBC TV18
[ad_1] Sales in the consumer durables segment have grown by 10% ahead of Diwali, though they have not reached last year’s levels. Industry sources indicate that the premium segment has driven this growth, fueled by product upgrades and attractive financing options. Feedback from consumer durable makers reflects a mixed response this season. Many characterise sales […]
Crompton Greaves expects a better second half of the year for Butterfly appliances – CNBC TV18
[ad_1] Mumbai-based Crompton Greaves Consumer Electricals expects growth revival for its subsidiary, Butterfly Gandhimathi Appliances, in the second half of the current financial year. Butterfly posted a 19% year-on-year revenue decline in the April-June 2024 quarter (Q1FY25) at ₹178 crore due to the ongoing channel restructuring. Its margin was at 2.2% versus 7.3% last year. […]