Home appliance maker Crompton Greaves Consumer Electricals reported better than expected performance in the second quarter (Q2) of 2024-25 (FY25), outperforming peers due to a strong showing in the electrical consumer durables (ECD) segment.
The company's standalone sales rose by 10.5 per cent, while the ECD segment continued its growth momentum with a 12.5 per cent increase in revenues, driven by volume and pricing gains.
Both the ECD and lighting segments saw growth, but margin improvements were primarily led by the ECD segment.
Within the ECD segment, which accounts for 74 per cent of total revenues, the appliance business delivered robust year-on-year (Y-o-Y) growth of 26 per cent, driven by air coolers, water heaters, room heaters, and mixer grinders.
The management observed that it has secured a leadership position in the mixer grinder business, supported by Butterfly Gandhimathi Appliances' manufacturing facility.
The proportion of the premium portfolio within large domestic appliances rose by 270 basis points (bps) compared to the same quarter last year.
هذه القصة مأخوذة من طبعة November 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Maha Kumbh 2025 to give state a chance to wave tourism potential
To leverage its religious and spiritual tourism potential, the Uttar Pradesh government is pitching for global branding of Maha Kumbh Mela 2025, one of the world's largest congregations of pilgrims.
Highways: UP's path to become first $1 trn state
Uttar Pradesh (UP), one of India's top state economies, is aiming to become the nation's first $1 trillion economy.
'UP has largest investment portal in the country'
Nivesh Mitra offers 491 online services and is adding more, say senior bureaucrat
Chips to tourism: State marks out sectors for support and growth
Uttar Pradesh is on the track to become a $1 trillion economy by 2027-28 due to a host of factors, including increased spending on infrastructure, improved law and order, and better business environment.
'Industry has to heed the environment'
In the era of rapid industrialisation, businesses are required to adopt processes and technologies that are environment-friendly and achieve the goal of sustainability. RAVINDRA PRATAP SINGH, chairman of Uttar Pradesh Pollution Control Board (UPPCB), in an interview with Siddharth Kalhans in Lucknow said the board had been nudging industries to adopt eco-friendly technologies. He also spoke about the steps being taken to make people environment-conscious. Edited excerpts:
UP green plan: Use tech to help boost agriculture
Over the next few years, the state aims to increase value of farm exports from ₹20,000 crore to ₹50,000 crore by boosting productivity and food processing
Wheels of change turn electric as state expands its green fleet of buses
The Yogi Adityanath government in Uttar Pradesh (UP) will expand its electric bus fleet to improve public transportation.
'UP has extensive land bank for industries'
As several investments come to Uttar Pradesh (UP), the demand for industrial plots is rising. The Global Investors Summit, held in Lucknow last year, fetched investments worth more than ₹40 trillion. The state government is expanding existing industrial areas and creating new ones. Sector-specific industrial parks are also being set up. MAYUR MAHESHWARI, Chief Executive Officer (CEO) of UP State Industrial Development Authority (UPSIDA), in an interview with Siddharth Kalhans in Lucknow spoke about plans to help industries. Edited excerpts:
'Investments in UP spread across regions'
Leaving behind the tag of being a Bimaru’ state, Uttar Pradesh UP) has marched forward to become one of the most favoured destinations for investors. The state government has introduced a new industrial policy providing more sops, incentives, and rebates to industries. Various sectoral policies have been implemented to support these industries. Minister for Industrial Development, Export Promotion, NRI Investment Promotion of UP, in an interview with Siddharth Kalhans of the Business Standard Samriddhi round table, shared details of the steps taken to boost the economy, exports, and industries in UP. Edited excerpts:
State's priority sectors need ₹5.73 trn lending in FY25
Signalling a major boost to the $1 trillion economy target of Uttar Pradesh, the priority sector credit flow is estimated to touch ₹5.73 trillion in the current financial year 2024-25 (FY25), marking an over 50 per cent growth year-on-year.
