For sectors such as jewellery, apparel, hotels, and even automobiles, this season has created a ripple effect, turning what might have been a sluggish year for many businesses into one of strong recovery.
The apparel industry, which faced significant challenges earlier in the year, is now experiencing a revival. Store visits had started to increase during the festive months, beginning with Navratri, and now weddings are providing an added boost.
"Wedding demand is higher by 20 per cent compared to last year. This uptick started in October and has continued post-Diwali," says Mayank Mohanlal, CEO of Mohanlal Sons, a New Delhi-based fashion retailer. He believes this surge in demand could help the sector match last year's sales after months of decline.
He expects the momentum to sustain for at least another two months.
In southern India, designer sarees are particularly in demand, with an expected 22-25 per cent rise in sales, according to Jhansi Rani Chalavadi, co-founder of Sai Silks Kalamandir.
"The wedding industry is a major driver for saree sales in the South, contributing significantly to the market," she notes. Each South Indian wedding, she adds, typically involves the purchase of 50-100 sarees in a range of prices. The southern wedding and festive saree market alone contributes 50-55 per cent to the overall saree sales on these occasions, she says.
この記事は Business Standard の November 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の November 20, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
39 of World's 100 most polluted cities are from India
China ranks 2nd with 30 cities in S&P Global Mobility survey
One tonne of paddy stubble burnt leads to 20 kg nitrogen loss in soil: Scientists
As Delhi and its adjoining areas reel from a thick blanket of bad air, senior scientists belonging to the Indian Council of Agricultural Research (ICAR) have said each tonne of stubble burnt leads to a loss of no less than 12-13 kg of phosphorus, 35 kg of potassium, and 20 kg of nitrogen in the soil.
Air woes: Delhi hospitals see 50% jump in OPD visits, admissions
Hospitals are witnessing a 40-50 per cent surge in patient visits due to respiratory illnesses, including symptoms of bronchitis and breathlessness, with major cities recording a severe jump in air pollution levels in the last 20 days.
New-age firms' growth gains priced in: Analysts
Investors advised to wait a few quarters before betting on these stocks
Rely on credit cards and unsecured loans, build emergency corpus
Handling the financial aspect of a medical emergency is often a daunting task, since it requires coming up with a significant sum at short notice. Households must prepare in advance for this challenge.
Moderated NTPC Green IPO price band with changing market sentiment: CMD
NTPC Ltd, which is the parent firm of the NTPC Green Energy Ltd (NGEL), on Tuesday said it moderated the price band of the initial price offering (IPO) to be in sync with the changing market sentiments.
Sebi notifies pro-rata distribution norms for AIFs
The Securities and Exchange Board of India (Sebi) has notified the changes in regulations governing alternative investment funds (AIFs) mandating them to provide investors rights and distribution of proceeds in proportion (pro-rata) to their commitments in the scheme.
BALANCED ADVANTAGE FUNDS REMAIN LOW ON EQUITIES
Majority ofthe larger balanced advantage funds (BAFs) raised their equity exposure in Octoberaftertrimmingthe allocation in the previous months. However, in most cases, the equity exposure remained closerto their respective multi-year low levels.
NeW initiatives, margin gain hopes positives for Delhivery
Logistics major Delhivery has had promising Q2FY25 results.
PE ancl VC companies adjust to longer holds after public listing
Startup IPO boom reshapes their investment strategies
