Emerging Market Shares

Blue Star aims to corner 15% share in residential AC market by FY25

Blue Star aims to corner around 15 per cent share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network, its Managing Director B Thiagarajan said on Wednesday. The company is witnessing a pick up in the markets of West and South regions and expects a 20 to 25 per cent volume growth this season. Blue Star, which is launching affordable products targeting the mass premium segment catering to price-sensitive and first-time buyers especially from non-metro towns, has introduced 75 products across the inverter, fix speed and window ACs. "We are aiming for 20 to 25 per growth in volumes in AC business this year," Thiagarajan said at a press meet here. According to him, the company targets to achieve a market share of 15 per cent by FY25 in the room air conditioner segment. The domestic residential AC market is estimated to be around 8 million units and had a double-digit growth last fiscal. Blue S

Sheela Foam to buy rival mattress maker Kurl-on for Rs 2,000 crore

The combined entity will have a market share of more than 50 per cent in India's organised mattress space

beatXP enters into smartwatch segment, targets 10% market share by 2023

Fitness gear maker beatXP has entered into the smartwatch segment with an aim to capture 10 per cent market share by the end of 2023, the company said on Friday. beatXP Business Director Ashish Dhuwan told PTI that the company has garnered an average sale of Rs 1 crore per day during the limited launch about 10 days back which gives it a confidence to comfortably achieve the set target. Founded in late 2021, beatXP's consolidated business has crossed the Rs 100 crore mark. Dhuwan said the company has incorporated six physical sensors including one for ECG (electrocardiogram) to target the affordable segment market. "beatXP aims to capture 10 per cent of the smartwatch market share by the end of 2023 to become one of the top-selling brands in this category. There is a huge gap in the wearables category where most brands in the affordable segment offer non-accurate sensors such as heart-rate, SPo2. beat XP's Exact smartwatch is offering ECG and family remote health monitoring which is

Lupin set to gain market share in US flu season; shares up 6% in 2 sessions

The stock has underperformed peers and the benchmark over the past year

Maruti's share in Suzuki's sales revenue jumps to a 7-year high

Suzuki holds a 56.37 per cent stake in Maruti Suzuki

EV growth, mkt share to forge gains for auto component maker Sona Comstar

Margins could improve given softening commodity prices

Triumph Motorcycles India aims to increase market share to 25% in 12 months

Triumph Motorcycles India has seen a growth of 30 per cent in the last 12 months, with sales of "a little over" 1,200 units, he said

Be prepared for a volatile phase as risks to markets on a rise: Analysts

Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)

India leads earnings growth hope in EM pack despite economic slowdown

The consensus earnings per share (EPS) growth estimate in 2020 for the Indian market is 20.3 per cent, while the same for the EM pack is 14.1 per cent

Emerging market shares could double in 2 years, says BofA-ML

Since 2016, EM equities have outperformed global ones by 27 per cent