Durables
Buying ACs or cookware may get costlier as copper hits record highs
Consumers may face higher prices for appliances, bathware and kitchenware in the new year due to a sharp surge in copper prices. Manufacturers are passing on increased input costs, with some appliance and cookware brands planning 5-7% price hikes. The bathware industry has already seen a 12% increase, with further rises expected.
Star ratings mandatory for refrigerator, TV, LPG stove, cooling tower, chillers from January 1
New Delhi. Energy efficiency star-labelling is now mandatory for refrigerators, televisions, LPG stoves, cooling towers, chillers, deep freezers, distribution transformers, and grid-connected solar inverters starting January 1. This regulation applies to various appliances, enhancing energy conservation efforts across the nation. The Bureau of Energy Efficiency has issued a gazette notification for these changes.
P&G Home Products FY25 profit jumps 19.1% to Rs 683 crore; revenue up 3.4%
Procter & Gamble Home Products Ltd saw a significant profit jump of 19.1 percent to Rs 683.29 crore in FY25. Revenue from operations also grew by 3.4 percent to Rs 9,054.11 crore. The company's advertising and sales promotion expenses increased. Total tax expense saw a substantial decline. Procter & Gamble operates in India through four entities.
Syska LED insolvency draws four bidders, including promoter and Mutares Group
Four parties, including the promoter and Germany's Mutares Group, have shown interest in acquiring Syska LED Lights, which has admitted claims of ₹226 crore. Lenders are scrutinizing bids due to a lack of formal board authorization from one applicant. The resolution process is advanced, with lenders anticipating over 50% recovery.
Premiumisation, smart products to drive appliances and consumer electronics sector in 2026
India's appliance and consumer electronics market is set for significant growth. It is expected to become the fourth-largest globally by FY27. Revenues are projected to reach Rs 3 lakh crore by FY29. This expansion is fueled by rising incomes and better access to consumer finance. Companies are investing in manufacturing and innovation.
Samsonite makes India its biggest manufacturing base, domestic travel & weddings to fuel demand
Samsonite has significantly expanded its Nashik plant, making India its largest manufacturing hub with a capacity of 7 lakh units monthly. This Rs 250 crore investment positions India ahead of global facilities. The company anticipates further growth and is scouting for new locations within India to meet rising demand driven by travel and increasing disposable incomes.
Samsonite is happy with its roll in India
Samsonite, a global luggage leader, faces new digital-first competitors in India. The company prioritizes brand value over deep discounts, resisting pressure to match rivals' pricing. Domestic travel and weddings fuel demand. Samsonite sees India as a key market, with its brands catering to various price points. Repeat purchases are expected to favor established names.
How India's poor went on a 'durable' shopping spree
India's poorest households are now buying more durable goods like bikes, cars and fridges. Mobile phones are almost everywhere. This shows a narrowing gap between the rich and the poor in owning key assets. Spending on food has decreased as non-food items, especially durables, take up more of the budget. This shift reflects improved living standards across the country.
Haier aims to touch $2 bn revenue by 2027-end, to invest Rs 3,500 cr in 3-4 yrs
Haier India is set to invest Rs 3,500 crore in the coming years. This expansion aims to boost capacity and achieve USD 2 billion in sales within two years. The company is establishing a new plant in southern India. This investment will create 12,000 jobs. Haier India is also investing Rs 1,900 crore in 2026 for manufacturing units.
Advent's $1 billion deal talks for Whirlpool India stake said to have collapsed
Advent International's plan to buy Whirlpool's India business has fallen through. Talks ended because both sides could not agree on a price. Whirlpool wanted to sell a stake to raise money for debt repayment. Advent sought a lower valuation due to market challenges. This deal would have given Advent a controlling stake in Whirlpool India.
Must Watch
NCLAT rejects insolvency plea against Voltas, upholds NCLT order
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea seeking insolvency proceedings against Voltas. Upholding an earlier NCLT order, the tribunal found evidence of ongoing disputes regarding work certification and payments between Voltas and operational creditor Air Wave Technocrafts.
Haier seeks Rs 1,000 cr capital boost; files Press Note 3 for India expansion
Haier Appliances India seeks Rs 1,000 crore capital infusion from its parent company, potentially for a third manufacturing plant in South India. The company has surpassed Whirlpool India in sales, becoming the third-largest consumer electronics firm. This move comes as Haier is also reportedly in advanced talks to sell a 49% stake to Bharti Group.
Bajaj Electricals puts loss-making cookware unit Nirlep on the block
Bajaj Electricals is bidding adieu to its Nirlep cookware division to sharpen its focus on the lucrative consumer electronics market. After a thorough evaluation of its cookware operations, the company is considering various options for Nirlep, including a possible sale.
Breathless air ahead: Delhiites rush to add 'air-purifying' plants to shopping carts, demand surges as AQI worsens
As Delhi's air quality turns hazardous, residents are flocking to nurseries for air-purifying plants. Varieties like Areca Palm, Snake Plant, and Peace Lily are in high demand. Nurseries report doubled sales as people seek natural ways to improve indoor air. Experts confirm these plants absorb pollutants and release oxygen, offering a green solution to urban pollution.
Advent International frontrunner to buy Whirlpool’s India arm in likely $1bn deal
Sale process gets boost after October agreements between US parent and local arm; block trades a fallback option for appliances giant if PE talks fail. Advent strives for a third deal in the appliances space in India after CG Consumer and Eureka Forbes
Before 'I do', Delhi couples say yes to air purifiers
Delhi weddings are adapting to severe air pollution, with families now incorporating air purifiers as a must-have. Planners report clients spending extra for clean air, with some even opting for venues outside the city. Health-conscious guests are also arriving prepared, highlighting a significant shift in wedding priorities amidst the smog.
