Factory output grew 5.2% in January supported by a broad-based expansion in manufacturing, mining and electricity output. The growth in the index of industrial production or IIP marked the third straight month of expansion, and it was the highest since June 2022, when output expanded by double digits. Consumer non-durables, which are items of mass consumption, grew at 6.2% in …
For consumer durables companies, the seasonally weak December quarter means financial results would be tepid. View Full Image Graphic: Mint Thus, Crompton Greaves Consumer Electricals Ltd and Orient Electric Ltd’s fans volumes are expected to see pressure in Q3. In Q3, analysts at PhillipCapital estimate a year-on-year revenue growth of 10% and earnings drop of 0.1% for consumer durables companies …
