Car Prices: Prices of discretionary products like cars, TVs, and phones are firming up as manufacturers raise prices due to commodity costs and forex movement. Car and electronics manufacturers are increasing prices of vehicles and smartphones, while television brands are hiking prices due to rising panel costs. Despite the price hikes, companies do not anticipate a major impact on consumer demand.
For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.
Consumer Baskets: For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.
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Aarti Industries posted a 23.3% surge in consolidated net profit to Rs 136.10 crore on 12.4% rise in net sales to Rs 1209.35 crore in Q4 FY21 over Q4 FY20.The chemical maker saw sustained revenue growth driven by volume expansion and 75% contribution from value-added products. The company said that demand for discretionary products has majorly returned to pre-covid levels. The pharma segment revenues were at record levels, profitability sustained as the product basket remains focused on value addition.
Profit before tax grew by 27.2% to Rs 173.05 crore in Q4 FY21 over Q4 FY20. EBITDA rose 18.9% year on year to Rs 260 crore in Q4 FY21. EBITDA margin improved to 19.3% in Q4 FY21 from 18.4% in Q4 FY20. The company added that gross margins have returned to normalized levels.