Consumer sales swell as demand crowds unlocked markets
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Sales of these categories increased 30-40% from the same period of June, manufacturers and dealers said. These also expanded 10-20% despite a strong base last year, when pent-up demand after a long lockdown had driven up sales.
Agencies
Sales have been strong in large-ticket or discretionary products as well, from mobile phones and home appliances to cars.
From groceries to smartphones, refrigerators and cars, sales of essential goods and discretionary items in the first two weeks of July rose at the fastest pace in a year, as concerns over the pandemic eased and most states including several in the south unlocked their markets.
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Havells India is confident of medium to long-term demand trends : CMD Anil Rai Gupta
Now consumer preferences are changing towards reliable and quality brands, creating a unique opportunity for organised players driving premiumisation with products that are feature-led, energy-efficient and have a digital footprint, Gupta said
PTI | June 4, 2021 | Updated 19:18 IST
In FY21, Havells reported revenue growth of 11 per cent to Rs 10,428 crore
Inflationary trends in commodity prices and the second wave of COVID-19 would impact consumer sentiment in the short term but consumer electric goods maker Havells India is confident of the medium to long-term demand trends , its Chairman and Managing Director Anil Rai Gupta said. Now consumer preferences are changing towards reliable and quality brands, creating a unique opportunity for organised players driving premiumisation with products that are feature-led, energy-efficient and have a digital footprint, Gupta said in the company s