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Ecommerce Discounts: Flipkart and Amazon started their first festive sales – christened Big Billion Days and Great Indian Festival respectively – on October 8 with early access for member customers on October 7.
Super Plastronics: In FY 2022-23, SPPL had a revenue of around Rs 700 crore and sold 4.5 lakh units of smart TV.
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Smartphone and television makers expect strong festive sales, driven by higher consumer demand and the cricket World Cup.
Retailers in the consumer goods, white goods, and fashion sectors are expected to prioritize sales growth over profit margins during the festive season. Despite rising raw material prices, companies are reluctant to increase prices and instead opt for promotions to drive demand. This decision may have a negative impact on margins in the October-December quarter.