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Sharp GST cuts that fired up auto sales and rate cuts are tailwinds that are revving up sales across vehicle segments
Shift to credit-based spending accelerates during Navratri; credit cards outpace debit by sixfold
India's biggest jewellers also stepped up their retail game by opening more stores during the quarter. Steady online sales gave a boost to the numbers as well
UPI transaction volume was lower in September, compared to August, even with the boost from lower GST rates and online festive sales
Interestingly, the debit card payments online is likely to be much below last October’s figures, an indication that more people are shifting their online purchases to credit cards to avail offers
The ongoing festive season is crucial for FMCG majors, coming after several quarters of dampened urban demand owing to persistent inflation
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Platforms are looking to profit from the better economics in these categories. Premium stock-keeping units (SKUs) not only have higher ticket sizes but also offer better margins.
As brands enhance their focus on online sales, quick-commerce platforms are also expanding their offerings, capacity ahead of the festive rush.
This means a rise in jobs, even if temporary, in places outside the list of big cities, with staffing companies saying they are getting requests from cities like Coimbatore, Jaipur and Nagpur.
Kalyan Jewellers said that the demand was visible in both gold and studded categories, with a healthy same-store-sales-growth of around 24%. The company launched 24 showrooms in India during the quarter, and there is a strong pipeline of showrooms for the current quarter as well.
Out of the total transaction volumes, the mobility segment contributed 5.5 million and the non-mobility segment contributed 8.4 million which has grown by 10 percent and 7.6 percent
CEO Niranjan Gupta added this was the second year in a row that the company clocked record festive sales, and rural demand has been reviving.
The increase in demand from non-metro consumers, and rise in purchases of luxury brands boosted the sales.
Maruti Suzuki, the country's largest automaker, expects robust retail sales in November due to the onset of the marriage season
Maruti Suzuki said it has been calibrating production to reduce dealer inventory, which had reached well over 30 days, and the measures will start showing results from the end of this month.
Industry players say that the jump in retail sales witnessed in the first 25 days of this festival season is attributed to factors including attractive discounts, tailor-made financing options, new models and rising incomes.
Shaktikanta Das said there is 'some narrative' that the festive season sales this year may have slowed down or that there was some unseasonal rain, however, these negatives are outweighed by positives.
Bajaj played down the stock price reaction after the results, saying the selloff was due to a 'some what temporary understanding' of how the festive sales were being captured.
In quick commerce purchases, speed of delivery appeals to more consumers than discounts, according to a survey by Datum
Online festive sales can be tempting, with their flashy discounts and limited-time offers. However, it’s important to approach these sales with caution to avoid pitfalls. Keep the following tips in mind.
Analysts said the upcoming festive season will help increase the share of smartphones priced above Rs 1 lakh in the second half. They said the upcoming launch of the latest iPhone 16 series and Samsung's latest foldable and S24 Ultra series will drive the growth.
Two-wheeler stocks, which have gained up to 23 percent in the last month, are already fairly valued due to its sharp rally and margins in electric 2Ws may remain a challenge in the near term, CLSA has said
The passenger vehicle industry crossed the one million mark for the first time during the festive season. The easing of semiconductor supplies made it easier for OEMs to complete manufacture on time
Consumers bought costlier mobiles, more jewelry and high-end beauty products even as order volume grew at a slow pace during the festive season
