As a result, the HerfindahlHirschman Index (HHI), a common measure of market concentration in an industry, reached a new high in FY24 in industries such as telecom, airlines, cement, steel, and tyres.
In a Business Standard analysis, paints was the only industry that reported a decline in the HHI or a rise in competitive intensity due to market share gains by new players such as JSW Paints.
Market concentration in paints is expected to decline further with the entry of the AV Birla group.
The numbers indicate a steady rise in the revenue share of the top two firms across industries in the last 10 years, leading to a rise in HHI scores. For example, in airlines the revenue share of the top two players increased from 53.1 per cent in FY14 to 92.6 per cent in FY23.
In telecom, the rise was from 46.5 per cent in FY15 to 71.9 per cent in FY24. In steel it rose from 44.5 per cent to 57.6 per cent in the period.
This story is from the July 08, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 08, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
FEF and Dharmatic Entertainment Collaboration Unveiled at the 3rd FEF Annual Gala
The Fashion Entrepreneur Fund (FEF) and Dharmatic Entertainment Pvt.Ltd., the digital content arm of Dharma Productions, announced an exciting new alliance during the 3rd FEF Annual Gala on September 05.
Guindy Race Course jockeys for survival
The hearts of horse racing enthusiasts across India have been racing since Monday morning after Tamil Nadu's revenue department sealed the Madras Race Club in Guindy, the country's oldest horse racing venue.
Raj Kapoor's restored Awara to musings from Manipur
World premiere to include Indian film Superboys of Malegaon on the life of auteur Nasir Shaikh
Smart choice: Consider interest rate, collateral, and co-signer
The number of Indian students pursuing higher education abroad doubled between 201920 and 2023-24, according to a recent report by CRISIL Ratings.
Brokerages bullish on Bajaj Housing Finance
BHFL's ₹6,560 cr IPO opened for subscription on Monday
Market buoyancy spurs IPO rush
Since July over three dozen companies from diverse sectors have filed their DRHPs
Ather Energy looks to raise ₹3,100 cr
Electric two-wheeler (e2W) maker Ather Energy has submitted preliminary papers to the Securities and Exchange Board of India to raise funds through an initial public offering (IPO).
Linde India seeks SAT relief on valuation diktat
Industrial gases and engineering firm Linde India has sought relief from the Securities Appellate Tribunal regarding the valuation diktat stated in an order passed by the Securities and Exchange Board of India (Sebi).
FVCIs now get FPIs' governance playbook
Sebi mandates disclosure of beneficial ownership, allocates registration and monitoring responsibilities to DDPS
Growth recovery, higher margins to drive gains for IT companies
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services.
