Stay updated with breaking news from Consumption Slowdown. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Wedding Dates: As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium products bucked the trend of sales decline mirroring the overall trend in consumption, chief executives said.
Sandip Sabharwal acknowledges the reality of the consumption slowdown and believes that it will likely bottom out when inflation stabilizes and a pickup occurs. However, he cautions that next year may not be as good as expected, citing disappointing results from largecap technology companies, insurance companies, HDFC Bank, and IndusInd Bank. When asked about buying HDFC Bank, Sabharwal advises caution for those already heavily invested in the stock and suggests considering other stocks.
Despite the robust consumption growth in Phoenix Mills, its like-to-like business witnessed flat growth in YoY basis leading resulting the sharp fall in the stock, , stock market, nifty, sensex, phoenix mills, national stock exchange, retail investors, Intraday, consumption slowdown
Sridhar Sivaram believes that the Indian market is overenthusiastic, and is underperforming as compared to other emerging markets. He highlights the impact of future US rate hikes on India's long-standing low interest rate environment.
As per a new report from ratings agency NielsenIQ, consumers continued to prefer buying smaller packets amid companies increasing prices in response to inflationary pressures.