HAIER GROUP
Handset, TV makers set to slash production on festive sales shock
Smartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and unit sales down sharply year-on-year. Surging memory-chip costs have pushed up device prices, hurting demand particularly in entry- and mid-range segments and forcing brands to scale back output over the next few months.
India Inc eyes a festive boom, but the bottom line holds a twist
Festive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increased demand but are also facing rising costs that impact profitability. Many consumers are driven by discounts and affordable payment options during this festive season. Businesses are adapting pricing strategies to balance consumer affordability with input cost pressures.
Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
Want an early signal on the economy and stocks this festive season? Watch 19 stocks, and what their managements say in the next 20 days
There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Despite price hike, appliance makers expect double-digit growth in festive sales
Air-conditioner and consumer appliance prices have risen 5-8% ahead of the festive season, but manufacturers expect sales to grow in double digits, driven by premiumisation, replacement demand, easy financing and improving consumer sentiment.
Festive shopping gets costlier as brands plan to hike AC, TV and appliance prices from October 1
Consumer electronics and appliance manufacturers in India will increase prices of products by 5-8% starting October 1. The rise in prices is attributed to higher costs of raw materials like copper and steel. Companies including Blue Star and Haier have confirmed these increases ahead of the festive shopping season. Despite the increases, some dealers have inventory stocked at old prices for the upcoming festivals.
Australia's Ingenia rebuffs revised $1.5 billion takeover bid from Warburg Pincus
Ingenia Communities has rejected a second takeover bid from Warburg Pincus. The private equity firm's improved offer valued the company at over two billion dollars. Ingenia's board stated the offer substantially undervalued the firm and was not in shareholders' interests. Analysts suggest a higher cash price would be compelling given the uncertain residential environment. The company remains confident in its strategic direction and growth trajectory.
Haier India revenue crosses $1 billion despite sluggish market
Haier India has achieved over one billion dollars in revenue, marking significant growth. The company's sales reached ₹9,974 crore in fiscal year 2025, a 21% increase. Net profit also rose by 8% to ₹517 crore, demonstrating strong financial performance. Haier India is now the third-largest home appliance maker, surpassing competitors. The company is focused on expansion and strengthening its market position.
Haier aims for $2 billion sales in India in next 3-4 years, to invest Rs 1,000 cr in manufacturing
Haier Appliances India aims to achieve USD 2 billion in sales within the next 3-4 years, driven by product category expansion and channel growth. The company plans to invest over Rs 1,000 crore in new production facilities, projecting significant capacity increases to meet rising demand in the Indian market.
Family offices, PEs team up for $1 bn stake in Haier's India operations
Family offices of prominent industrialists and leading private equity funds, including Warburg Pincus, Bain Capital, and others, are considering acquiring a majority stake in Haier Appliances India's operations. Talks and non-binding offers are being made to take a 51% controlling interest, with efforts to include significant Indian business families and additional financial investors.
China's Haier Group plans JV with JSW Group envisaging Rs 1K cr investment
Chinese appliance giant Haier Group has submitted a proposal to the Indian government to form a joint venture with India's JSW Group. The proposed venture represents a significant investment of Rs 1,000 crore and requires government approval due to regulations on investments from countries sharing land borders with India.
Haier plans ₹1,000 crore expansion push: Haier India president Satish NS
This includes ₹400 crore currently lined up to set up a plant for injection molding and sheet metal, which are major input materials used in refrigerators and washing machines.
Haier announces ground-breaking ceremony for its 2nd industrial park in India
With this investment, Haier India aims to scale up the production capacity of refrigerators, washing machines, air conditioners, LED TVs and water heaters.
Consumer durables maker Haier to invest Rs 465 crore to expand Pune facility
The company expects to close the calendar year with a turnover of Rs 2,150 crore, a 23% jump over the previous year, Braganza said.
Haier plans to set up new plant in north India; south on radar
After completing its ongoing $20 million (around Rs 120 crore) expansion at the Pune plant by May 2015, Haier would start work on the proposed new new plant.
Haier to break even this fiscal with 33% increase in turnover
Haier India today said it expects 33 per cent increase in its turnover to Rs 1,600 crore which will help it to break even in the current financial year.
Haier to break even this fiscal with 33% increase in turnover
Haier India has so far invested Rs 500 crore in the country, while its accumulated loss is Rs 55 crore till date.
Haier eyes 43 pc growth in 2013
Haier India is 100 per cent subsidiary of Haier Group, which started its commercial operations in January 2004.
Haier India eyes Rs 1,800 crore sales turnover in 2012
Haier India on Friday said it is targeting a sales turnover of Rs 1,800 crore in the country in 2012.
Load More
