New Delhi, Feb 27 (IANS) As India’s consumer durables market is expected to grow at an 11 per cent compound annual growth rate (CAGR), reaching Rs 3 lakh crore by 2029, India’s salaried class, especially young professionals, will be the driving force of the sector, a report said on Friday.The report from GI Group Holding said that young professionals account for 37 per cent of fast‑moving consumer durables sales and nearly 45 per cent of financed purchases.Around 74 per cent of Gen Z consu…
Latest Consumer Durables Market News & Updates
Mumbai, Jan 31 (IANS) Stove Kraft on Saturday posted a 66.6 per cent year-on-year fall in profit for the December quarter (Q3 FY26) as weak demand in the consumer durables market affected sales.The company’s net profit dropped to Rs 4 crore as compared to year-ago period, according to its stock exchange filing.Revenue also declined by 6.4 per cent to Rs 378.3 crore compared to the same period last financial year (Q3 FY25).Operating performance softened, with EBITDA falling 15 per cent to Rs 34…