Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sales of apparel, footwear, and home appliances increased over 20% during the Navratri-Dussehra period.
- ✓While car sales grew by 2%, smartphone and television sales fell due to rising chip costs.
- ✓Kamal Nandi said, "This Navratri has been the best for the home appliances industry in the last five-six years."
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
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Kolkata | New Delhi: Sales of apparel, footwear, refrigerators, air conditioners and washing machines increased more than 20% year-on-year during the Navratri-Dussehra festive period, alongside a modest uptick in volume or units sold, according to industry estimates. Executives attributed the growth to accessible financing options.
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The Economic Times
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