INSUBCONTINENT EXCLUSIVE:
ET Intelligence Group: Several companies catering to retail consumers have reported higher sales volume growth for the December 2018 quarter
reflecting a sustained demand across various segments of consumption.
Asian Paints, Kajaria Ceramics, Reliance Retail, Hindustan Unilever,
Bajaj Consumer Care, and Interglobe Aviation are some of the prominent companies that have shown strong volume growth
In addition, some of the companies increased product prices by 2-5 per cent sequentially.
Asian Paints, which commands over half of the
market share in the paints business, recorded volume growth of 20 per cent
This was not only better than the 14 per cent growth estimated by analysts but also the strongest in any of the quarters in eight years
The festive demand during Q3 and reduction in GST rates on paints were key growth factors
It hiked prices by 7.3 per cent in the past nine months.
In the building-products segment, Kajaria Ceramics posted volume growth of 16 per
cent, the highest in the last 16 quarters
cent for the fourth consecutive quarter
Its average ticket prices improved by 6 per cent year-on-year to 4,176, the highest rate in five quarters
The company has guided for 30 per cent capacity addition in the March 2019 quarter
Its capacity in terms of available seat kilometres rose by 29 per cent and 33 per cent in the September and the December quarter.
HUL
recorded double-digit volume growth for the fifth consecutive quarter supported by rural growth, which was 1.3 times the growth in urban
Its average realisation grew by 3.8 per cent year-on-year
Bajaj Consumer Care reported volume growth of 9.4 per cent in almond hair oil segment, the highest in the last 15 quarters.
The volume
momentum in consumer goods has also resulted in advertisement growth of media companies
per cent growth in revenue for the December quarter and 108 per cent growth in the past nine months.
The festive season sales and new store
openings resulted in high revenue growth and its operating area rose by 42 per cent to 20.6 million square feet in the first nine months of
