ELECTRONIC APPLIANCE MAKERS
Tactical investing: 6 stocks for your watchlist as the Gulf rebuild approaches; 4 with positive upside potential of up to 25%
Peace is something that has eluded West Asia a long time. For old Gulf watchers, statements and counter-statements of the kind seen in the last 48 hours are nothing new. That is probably the least to expect in times of conflict. And, when negative headlines dominate, it is tough to think rationally, especially when it comes to the stock markets. In such circumstances, it is useful to have the ability to be somewhat contrarian.
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcing
Indian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, aiming for better supplier prices. Simultaneously, there is a strong push towards sourcing more goods locally. This strategy helps reduce dependence on imported items and manage rising costs. These efforts are crucial for businesses facing currency pressures.
Coming soon: Price hike round 3 in four months for durables
Consumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months. Rising costs of plastics and memory chips are forcing brands to raise prices. Daily essentials like soaps and detergents are also becoming costlier. This trend impacts consumer demand significantly.
India Inc pulls back a bit from Gulf as cracks widen across operations
Indian consumer companies are scaling back West Asian operations due to steep losses and a fivefold surge in container costs amid the US-Israel-Iran war. Expansion plans are on hold as some businesses see up to a 40% decline, with mass consumers leaving the region.
Electric appliance makers to seek GST cut as LPG crisis lifts demand
Electric cooking appliance makers are urging the government to reduce GST on products like induction cooktops and air fryers, while also seeking relief from component import bottlenecks from China. This comes as the Centre aims to boost production to address household LPG shortages, with a meeting scheduled to discuss urgent measures.
Electronics companies stockpile amid rising input costs and supply chain uncertainty
Companies are building up stocks of memory chips and plastics. This is happening because input costs are rising and supplies are uncertain. Prices for electronics have already risen significantly. Manufacturers are buying more components than usual to manage these challenges. This strategy aims to mitigate future price hikes and ensure product availability for consumers.
- Go To Page 1
Summer sales plans of beverage and AC makers run into rough weather
Unexpected rains and inflation from the West Asia war are impacting summer sales for beverage and appliance companies. Manufacturers face rising costs for packaging materials like PET resin and polyolefins. Some are cutting promotions and absorbing losses. Companies are also paying premiums for glass and cans to avoid shortages. This comes after a poor sales season last year.
China's Xiaomi posts first quarterly profit fall in three years
Xiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. However, Xiaomi's electric vehicle business performed well. It surpassed its delivery goals for the year. The company also reported its EV segment achieved its first annual operating profit. Xiaomi plans significant investment in artificial intelligence.
Supply woes spur call for easing quality curbs on critical imports
Indian industries are seeking relaxed quality control rules. This move aims to secure vital components from alternative sources like China. Supply chain disruptions due to the West Asia conflict are impacting sectors such as automotive and electronics. The government is considering these requests to ease the current supply squeeze. A decision is expected soon.
Retailers roll out festival discounts amid inventory pressure, Gulf war concerns
As concerns over the Gulf war loom large, Indian retailers are slashing prices on electronics and home appliances to attract cautious consumers and clear their stock. With a noticeable dip in smartphone and TV sales, many anticipate further hikes in product prices. Shoppers are tightening their belts and re-evaluating their purchasing habits.
French major Thomson eyes aggressive India expansion; to tap refrigerator market after AC
Thomson, a French electronics brand, is set to become more aggressive in India's appliance market. Following its success in LED TVs, the company is entering the refrigerator segment. Thomson sees significant growth potential in India due to low appliance penetration. The brand aims to replicate its European success in the Indian market.
Adani Total Gas, Stove Kraft among 30 stocks that surged up to 20% despite Rs 6 lakh crore wealth wipeout
Despite a sharp market downturn, select gas and water-related stocks delivered strong gains. Adani Total Gas hit the upper circuit on policy support, while Jindal SAW surged after the Jal Jeevan Mission extension, lifting several allied companies even as broader indices like BSE Sensex and Nifty50 fell.
Choked shipping routes jolt Indian manufacturers
India's manufacturing sector faces disruption due to the Iran war. Critical shipping routes are threatened, impacting automakers and component makers. Consumer goods and electronics exporters are already halting shipments and production. Industry bodies seek government support for fuel supplies. Companies are assessing supply chain risks, with some setting up crisis teams.
IIT Bombay's small investment of Rs 4,080 in Sedemac turns to Rs 55 crore in IPO
IIT Bombay’s incubator SINE is set to turn a Rs 4,080 investment in Sedemac Mechatronics into Rs 55 crore as the company’s IPO nears closure. Early backers and founders are monetising stakes, while Sedemac continues its strong growth in automotive electronics, with revenue and profitability rising sharply over recent years.
Rising memory chip prices a global concern, will continue efforts to minimise impact: Samsung
Samsung faces a global memory chip price hike affecting the industry. The company is confident in managing supply through partnerships. A shortage is expected to persist until 2027. This is driven by high AI data center demand. Samsung prioritizes supplying India with essential memory components for its products. The new Galaxy S26 series, manufactured in India, highlights this commitment.
Demand for Chinese smartphones in India falls for first time ever; prices to rise
Chinese smartphone prices: The entry- to mid-level market -- the industry's mainstay -- shrunk last fiscal, pulling down the combined revenue of the nine largest Chinese electronics firms operating in India by quite a bit.
India’s consumer goods makers bet on volume-led growth as inflation eases, GST cuts boost demand
Indian companies expect a strong rebound in sales volume next fiscal year. Easing inflation and lower GST rates will make products more affordable, boosting household demand. This shift from price-driven growth to volume-led expansion signals a recovery in the mass market. Consumer sentiment is improving, with a positive outlook for the upcoming year.
From Bhatinda to Bardhaman, small towns are new money generators
Indian small towns are becoming significant growth engines for major corporations. Companies across FMCG, durables, and apparel sectors are aggressively expanding their presence in these markets. This strategic shift is driven by a nascent demand recovery and a focus on entry-level products and smaller pack sizes to capture new consumers.
Premiumisation takes a pause as consumer firms revive entry-level push amid rural recovery
Consumer goods companies are shifting focus back to entry-level products and smaller pack sizes, driven by early signs of demand recovery in rural markets and among lower-income consumers. This pivot follows a period of premiumisation, with firms like Emami and LG Electronics India introducing new, lower-priced offerings to boost volume growth and capture new customers.
Clearly inform customers about starting date of warranty period: CCPA to electronic appliance makers
CCPA Chief Commissioner Nidhi Khare urges electronic appliance manufacturers to clarify warranty start date and address consumer grievances promptly.
Wedding season: Durable makers witness pickup in sales of entry-level products
Leading home appliance and consumer electronics manufacturers experienced increased sales during the wedding season, driven by demand for entry-level mass products in non-metro cities. Following the festive season's 15-20% growth, companies like LG, Godrej Appliances, and Panasonic extended offers and financing schemes in November for products ranging from washing machines to small kitchen appliances.
Appliance, consumer electronics makers look at production resumption post lockdown
Companies like Panasonic India, Godrej Appliances, Dixon Technologies and Super Plastronics Pvt Ltd said with retail outlets shut there is no point to start production as there is existing unsold inventory of March at warehouses and dealers.
Appliances, consumer electronic makers assist customers virtually amid lockdown
Appliances and consumer electronics makers are using social media platforms and other online tools to reach their customers, who are facing problems with products amid the lockdown.
FirstBuild inks pact with T-Works to set up centre
FirstBuild is an online and physical community dedicated to designing, engineering, building, and selling the next generation of major home appliances.
GE Appliances’ arm to set up incubator FirtsBuild at T-Works
First Build is an incubator for designing, engineering, building, and selling the next generation of major home appliances.
Consumer electronics cos bet big on smart TVs and home appliances
Consumer electronics makers such as LG, Samsung, etc, bet big on smart televisions and home appliances to woo the increasingly aspirational Indian consumer.
Philips buys Indian appliance maker Preethi
Dutch consumer electronics maker Philips said it had purchased leading Indian kitchen appliance maker Preethi for an undisclosed amount to become the leader in India's fast-growing market.
LG changes tack, goes premium
LG Electronics India, the country’s largest consumer electronics and home appliance maker, has started trimming the number of mass-market products as part of its brand makeover strategy to shift focus to premium models.
Panasonic posts first quarterly profit in a year
Panasonic posted a quarterly profit for the first time in a year, buoyed by recovering demand for home electronics and appliances.
Load More
