Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Consumer Durables1

Consumer Durables1

Ratings: (0)|Views: 22|Likes:
Published by neha_arora1486

More info:

Published by: neha_arora1486 on Sep 04, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

09/26/2010

pdf

text

original

 
Ghalla Bhansali Stock Brokers Pvt. Ltd
.
21
st
April, 2010www.ghallabhansali.com 1 
Consumer Durables
The
 
Indian
 
consumer
 
durables
 
industry
 
has
 
witnessed
 
a
 
considerable
 
change
 
in
 
the
 
past
 
couple
 
of
 
years.
 
Changing
 
lifestyle,
 
higher
 
disposable
 
income
 
coupled
 
with
 
greater
 
affordability
 
and
 
a
 
surge
 
in
 
advertising
 
has
 
 been
 
instrumental
 
in
 
 bringing
 
about
 
a
 
sea
 
change
 
in
 
the
 
consumer
 
 behavior
 
pattern.
 
This
 
industry
 
consists
 
of
 
durable
 
goods
 
used
 
for
 
domestic
 
purposes
 
such
 
as
 
televisions,
 
washing
 
machines,
 
refrigerators,
 
microwave
 
ovens,
 
mobile
 
phones
 
etc.
 
The
 
growth
 
in
 
the
 
consumer
 
durables
 
sector
 
has
 
 been
 
driven
 
primarily
 
 by
 
factors
 
such
 
as
 
the
 
 boom
 
in
 
the
 
real
 
estate
 
&
 
housing
 
industry,
 
higher
 
disposable
 
income,
 
emergence
 
of
 
the
 
retail
 
industry
 
in
 
a
 
 big
 
way
 
coupled
 
with
 
rising
 
affluence
 
levels
 
of
 
a
 
considerable
 
section
 
of
 
the
 
population.
 
As
 
per
 
a
 
survey
 
conducted
 
 by
 
FICCI
 
on
 
the
 
Indian
 
consumer
 
durables
 
industry,
 
a
 
shift
 
in
 
consumer
 
preferences
 
towards
 
higher
end,
 
technologically
 
advanced
 
 branded
 
products
 
has
 
 been
 
quite
 
discernable.
 
This
 
shift
 
can
 
 be
 
explained
 
 by
 
narrowing
 
differentials
 
 between
 
the
 
prices
 
of
 
 branded
 
and
 
unbranded
 
products
 
added
 
with
 
the
 
high
 
quality
 
of
 
after
 
sales
 
service
 
provided
 
 by
 
the
 
 branded
 
players.
 
The
 
shift
 
has
 
also
 
 been
 
triggered
 
 by
 
the
 
availability
 
of
 
foreign
 
 branded
 
products
 
in
 
India
 
owing
 
to
 
lower
 
import
 
duties
 
coupled
 
with
 
other
 
liberal
 
measures
 
as
 
introduced
 
 by
 
the
 
government.
 
The
 
Indian
 
consumer
 
durables
 
industry
 
can
 
be
 
segmented
 
into
 
three
 
key
 
groups
 
White
 
goods
 
Kitchen
 
appliances/brown
 
goods
 
Consumer
 
electronics
Refrigerators
 
Grinders
 
Mobile
 
phones
 
Washing
 
machines
 
Microwave
 
ovens
 
Televisions
 
Air
 
conditioners
 
Irons
 
MP3
 
players
 
Speakers
 
Electric
 
fans
 
DVD
 
players
 
audio
 
equipment
 
Cooking
 
range
 
VCD
 
players
 
Chimneys
 
 
Ghalla Bhansali Stock Brokers Pvt. Ltd
.
21
st
April, 2010www.ghallabhansali.com 2 
Growth
 
accelerates
The
 
demand
 
for
 
consumer
 
durables
 
is
 
rising
 
with
 
increase
 
in
 
credit
 
availability
 
at
 
finer
 
rates
 
and
 
change
 
in
 
the
 
lifestyle
 
of
 
the
 
people
 
Indian
 
consumer
 
durable
 
sector
 
is
 
witnessing
 
medium
 
term
 
recovery
 
from
 
1.05%
 
fall
 
in
 
FY
 
2007
08
 
to
 
4.5%
 
increase
 
in
 
FY
 
2008
09,
 
which
 
has
 
given
 
way
 
for
 
impressive
 
25.5%
 
rise
 
in
 
April
Feb
 
2010.
 
Infact,
 
the
 
sector
 
witnessed
 
single
 
digit
 
/
 
negative
 
growth
 
in
 
most
 
of
 
the
 
months
 
of
 
FY
 
2007
08
 
and
 
reported
 
double
 
digit
 
growth
 
in
 
only
 
two
 
months
 
(July
 
and
 
September
 
2008)
 
in
 
FY
 
2008
09.
 
As
 
against
 
this,
 
the
 
sector
 
reported
 
double
 
digit
 
growth
 
in
 
all
 
the
 
11
 
months
 
of
 
April
 
to
 
February
 
2010
 
of
 
the
 
current
 
fiscal.
 
What
ʹ
s
 
more,
 
the
 
sector
 
is
 
consistently
 
witnessing
 
above
 
20%
 
growth
 
in
 
each
 
of
 
the
 
8
 
months
 
from
 
 July
 
to
 
February
 
2010.
 
The
 
consumer
 
durables
 
index
 
recorded
 
29.89%
 
growth
 
in
 
February
 
2010
 
compared
 
with
 
5.78%
 
increase
 
in
 
the
 
same
 
month
 
last
 
year.
 
Due
 
to
 
the
 
crisis
 
last
 
year
 
we
 
have
 
seen
 
fall
 
in
 
demand
 
which
 
resulted
 
in
 
nominal
 
4.50%
 
growth
 
for
 
the
 
year
 
2008
09.
 
However
 
till
 
February
 
2010
 
the
 
index
 
recorded
 
25.50%
 
growth
 
rate
 
compared
 
with
 
5.78%
 
growth
 
in
 
April
October
 
2008
09.
 
Trends
 
in
 
Index
 
of
 
Consumer
 
Durables
 
Production
 
2009
10
 
2008
09
 
2007
08
 
Month
 
Index
 
%
 
Chg.
 
Index
 
%
 
Chg.
 
Index
 
%
 
Chg.
 
Apr
 
415
 
17.60
 
352.9
 
3.25
 
341.8
 
2.4
 
May
 
442.5
 
13.17
 
391
 
2.81
 
380.3
0.65
 
 Jun
 
435
 
16.19
 
374.4
 
4.61
 
357.9
3.56
 
 Jul
 
489.1
 
22.12
 
400.5
 
13.94
 
351.5
2.66
 
Aug
 
491.8
 
24.66
 
394.5
 
3.9
 
379.7
6.15
 
Sep
 
553.5
 
24.13
 
445.9
 
14.66
 
388.9
7.27
 
Oct
 
509.7
 
19.99
 
424.8
1.64
 
431.9
 
8.96
 
Nov
 
510.1
 
38.05
 
369.5
 
0.3
 
368.4
5.51
 
Dec
 
494.5
 
45.91
 
338.9
4.18
 
353.7
 
2.79
 
 Jan
 
514.9
 
31.59
 
391.3
 
2.06
 
383.4
0.54
 
Feb
 
536.3
 
29.89
 
412.9
 
5.98
 
389.6
 
3.1
 
Mar
 
n.a.
 
na
 
442.9
 
8.45
 
408.4
2.04
 
LQ.
 
Oct
Oct
 
504.76
 
18.82
 
424.8
1.64
 
431.9
 
8.96
 
YTD.
 
Apr
Feb
 
490.21
 
25.50
 
390.6
 
5.78
 
376
1.39
 
FY.
 
Apr
Mar
 
n.a.
 
n.a.
 
395
 
4.5
 
378
1.05
 
Index
 
=
 
100
 
in
 
1993
94;
 
n.a.
 
=
 
Not
 
available
 
/
 
not
 
applicable;
 
Source:
 
Central
 
Statistical
 
Organization
 
 
Ghalla Bhansali Stock Brokers Pvt. Ltd
.
21
st
April, 2010www.ghallabhansali.com 3 
Key
 
consumer
 
durables
share
 
by
 
value
 
30%18%13%5%34%Colour TVs Refrigerators Air Conditioners Washing Machine Others
 
Growth
 
of
 
Consumer
 
Electronics
 
Production
 
in
 
India
 
28.924.928.321.225.910.4050,000100,000150,000200,000250,000300,000350,000400,000450,0002004-05 2005-06 2006-07 2007-08 2008-09 2009-1005101520253035Production Rs. Cr Growth %
 
Strong
 
growth
 
in
 
production
 
of
 
alarm
 
time
 
pieces,
 
A.C.
 
single
 
phase
 
house
 
service
 
meters,
 
electric
 
fans,
 
 bicycles,
 
passenger
 
cars,
 
motor
 
cycles,
 
refrigerators,
 
two
 
wheeler
 
tyres,
 
Television
 
Receivers,
 
metallic
 
utencils,
 
giant
 
tyres,
 
scooters
 
and
 
mopeds,
 
Washing
 
/
 
laundry
 
machines
 
etc
 
powered
 
the
 
consumer
 
durable
 
index.
 
Over
 
45%
 
of
 
the
 
weight
 
of
 
the
 
consumer
 
durable
 
sector
 
is
 
for
 
automobiles,
 
tractors,
 
 bicycles
 
and
 
tyres
 
and
 
tubes
 
thereof.
 
Accordingly,
 
the
 
strong
 
growth
 
in
 
the
 
auto
 
sector
 
has
 
powered
 
the
 
consumer
 
durable
 
sector.
 

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->