Within the consumer goods space, which of the following two segments has fared better during the post-COVID period, in your view? Consumer durable businesses have registered growth to the tune of 20.8 per cent per annum in three financial years till March 2024, in stark contrast to an expansion of 12.3 per cent per annum in consumer goods companies, according to a report by Mumbai-based think tank Centre for Monitoring Indian Economy (CMIE). The same trend was witnessed in the two segments’ respective markets, with expansion rates of 76 per cent and 41 per cent over the three-year period, according to the report. 

The class-market consumer durables category has been “driving the Indian consumer markets juggernaut”, wrote Mahesh Vyas, Managing Director and CEO, CMIE.

The consumer durables industries remains the fastest growing segment of the country’s consumer market, also one of the most profitable, highlighted the CMIE report. “Growth in the consumer durables industry is reflective, largely, of demand momentum in the upper strata of the Indian consumer markets,” it noted. 

Year-on-year growth in net sales, operating expenses, and net profits of consumer durable companies

Source: CMIE

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