What Companies Are In The Consumer Durables Field? Anyone seeking paid employment in the consumer durables industry must be aware of the available job types and, more importantly, the consumer durables companies. This will make it easier for you to land a job and understand the environment you’re entering.
Durables, also known as durable products or consumer durables, are products that do not need to be replaced frequently and typically last at least three years. Durable consumer goods can be purchased on a consistent basis. Examples of consumer durable products include furnishings, automobiles, books, and metal. There are numerous manufacturers and distributors of durable consumer goods in India. The market for this industry will be worth approximately $3 trillion in the coming year. So, let’s take a look at the leading durable companies in India.
Companies such as Tesla, Toyota, General Motors, and Ford Motors comprise the largest consumer durables stocks in the automobile industry. Whirlpool, Roku, Mohawk Industries, Malibu Boats, Sony, Apple, Microsoft, and Samsung are some of the most prevalent brands in the consumer durables industry.
In this article, we will discuss a subset (but not all) of the aforementioned businesses. Keeping in mind that market value can fluctuate over time, we do not believe that rating provides a measure of how long these companies will maintain their position.
What Companies Are In The Consumer Durables Field?
The most well-known and popular consumer goods consist of food and beverages, clothing, household products, electronics, furniture, tools, toys, and sporting goods. Nevertheless, any product may be sold to consumers.
There are currently numerous types of consumer goods available. They consist of toys, books, apparel, food, and entertainment. However, each is made of a distinct material. For instance, food is composed of a variety of components, such as plant and animal products. Cotton, wool, and silk are utilised to create garments. Toys are made from a variety of substances, including plastic, wood, and metal. Typically, plastics, rubber, and wood are used to make entertainment.
Numerous businesses produce consumer goods. Nonetheless, it is difficult for them to produce these goods. Time and money are required for their production. This is the reason why there are so many companies that provide these products today. Some businesses specialise in offering only a particular product. One company, for instance, produces only toys, while another produces only clothing.
1. Whirlpool of India Ltd – Companies In Consumer Durables Field
- Revenue: Rs 5,993 Cr
- Market Cap: 27,827 Cr.
- Dividend Yield: 0.23 %
- ROE: 20.27 %
- Sales Growth (3Yrs): 14.99 %
- Face Value: 10.00
- Promoter holding: 75.00 %
It entered the market through a joint venture with the TVS group and established its first Whirlpool washing machine manufacturing facility in Pondicherry.
Through its 1995 acquisition of Kelvinator India Limited, Whirlpool entered the refrigerator market. Kelvinator and TVS merged in 1996 to form Whirlpool of India Limited, subsequently renamed from Whirlpool of India.
The company’s product offerings on the Indian subcontinent now include washing machines, refrigerators, microwave ovens, and air conditioners.
In Faridabad, Pondicherry, and Pune, the organisation owns three state-of-the-art manufacturing facilities. Each manufacturing facility at Whirlpool reflects the company’s dedication to providing innovative solutions to its customers.
2. Voltas Ltd – Companies In Consumer Durables Field
- Revenue: Rs 7,658 Cr
- Market Cap: 21,259 Cr.
- Dividend Yield: 0.62 %
- ROE: 13.11 %
- Sales Growth (3Yrs): 8.28 %
- Face Value: 1.00
- Promoter holding: 30.30 %
Voltas Limited is a 60-year-old Indian company that specialises in Air Conditioning and Cooling technology. The business is broadly divided into project and product businesses. Domestic Projects Group (DPG) and International Operations Business Group (IOBG) categorise the projects business (IOBG).
While the products business is segmented into the Unitary Products Business Group (UPBG), the Mining & Construction Equipment Division (MCED), and the Textile Machinery Division (TMD), the business is categorised as Unitary Products Business Group (UPBG), Mining (TMD). Voltas is the leading AC manufacturer in India and has the most extensive infrastructure.
Voltas was established in 1954. Voltas’ Unitary Products Business Group introduced the concept of air conditioning and refrigeration to India.
3. Honeywell Automation India Ltd – Companies In Consumer Durables Field
- Revenue: Rs 3,290 Cr
- Market Cap: 29,088 Cr.
- Dividend Yield: 0.23 %
- ROE: 25.05 %
- Sales Growth (3Yrs): 10.93 %
- Face Value: 10.00
- Promoter holding: 75.00 %
Honeywell Automation India Limited (HAIL) is a $350 million-plus market cap company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) (NSE). HAIL is the foremost provider of integrated automation and software solutions, including process solutions and building solutions.
It offers global clients engineering services in the field of automation and control, in addition to a comprehensive product line in environmental and combustion controls, and sensing and control.
HAIL is a Fortune India 500 company with over 3,000 employees located in nine offices in India: Pune, Baroda, Bangalore, Hyderabad, Mumbai, Chennai, Gurgaon, Kolkata, and Jamshedpur.
4. Crompton Greaves Consumer Electrical Ltd – Companies In Consumer Durables Field
- Revenue: Rs 4,520 Cr
- Market Cap: 16,485 Cr.
- Dividend Yield: 0.76 %
- ROE: 38.69 %
- Face Value: 2.00
- Promoter holding: 26.20 %
Crompton Greaves Consumer Electricals Limited is one of the most prominent consumer companies in India, with a brand heritage that spans over 75 years.
As of February 2016, The Company is an independent company with two business segments: Lighting and Electrical Consumer Durables. The Company markets its products in India and select export markets under the brand name “Crompton.”
5. Blue Star Ltd – Companies In Consumer Durables Field
- Revenue: Rs 5,360 Cr
- Market Cap: 6,100 Cr.
- Dividend Yield: 1.58 %
- ROE: 17.51 %
- Sales Growth (3Yrs): 6.92 %
- Face Value: 2.00
- Promoter holding: 38.76 %
The company has 6000 stores that sell room air conditioners, packaged air conditioners, chillers, cold rooms, and refrigeration products and systems, as well as 1060 service representatives who serve customers in over 900 cities.
Blue Star’s integrated business model as a manufacturer, contractor, and after-sales service provider enables it to offer a complete solution to its customers, which has proven to be a significant competitive advantage in the marketplace. In India, a Blue Star product is installed in one-third of all commercial buildings.
A large number of corporate, commercial, and residential clients rely on the business for their cooling needs. Blue Star has also entered the residential water purifiers market with a stylish and differentiated product line, which includes India’s first RO+UV Hot & Cold water purifier, as well as the air purifiers and air coolers markets.
In addition to executing specialized industrial projects, the company offers turnkey solutions for allied contracting activities such as electrical, plumbing, fire-fighting, and industrial projects.
The company’s manufacturing facilities in Dadra, Himachal Pradesh, Wada, and Ahmedabad are equipped with modern, state-of-the-art machinery to ensure that its products are of consistent quality and dependability. The company has a manufacturing footprint of approximately 1 lakh square meters, with energy-efficiency and eco-friendly and sustainable products as its primary focus in product development and R&D.
6. Bajaj Electricals Ltd – Companies In Consumer Durables Field
- Revenue: Rs 6,662 Cr
- Market Cap: 5,783 Cr.
- Dividend Yield: 0.69 %
- ROE: -0.74 %
- Sales Growth (3Yrs): 5.43 %
- Face Value: 2.00
- Promoter holding: 63.17 %
Bajaj Electricals Limited (BEL), a globally renowned and reputable company with a turnover of 6,744 crores (FY 18-19), belongs to the “Bajaj Group.” Consumer Products (Appliances, Fans, Lighting), Exports, and EPC make up Bajaj Electricals’s business portfolio (Illumination, Transmission Towers and Power Distribution).
Bajaj Electricals is supported by a network of distributors, authorised dealers, retail outlets, ‘Bajaj World’ exclusive showrooms, and approximately 500 customer care centres in addition to its network of 20 branch offices located throughout the country.
7. Dixon Technologies (India) Ltd – Companies In Consumer Durables Field
- Revenue: Rs 4,400 Cr
- Market Cap: 9,741 Cr.
- Dividend Yield: 0.05 %
- ROE: 26.21 %
- Sales Growth (3Yrs): 21.44 %
- Face Value: 10.00
- Promoter holding: 36.11 %
In India, Dixon Technologies (India) Limited has dominated the market for electronic manufacturing services (EMS). In Uttar Pradesh, Uttarakhand, and Andhra Pradesh, the company has eleven state-of-the-art production facilities.
Dixon, which was founded in 1993 and began manufacturing colour televisions in 1994, has now expanded its operations to encompass multiple subsegments of the electronics industry.
As a domestically based manufacturer, Dixon Technologies provides design-focused solutions in consumer durables, home appliances, lighting, mobile phones, and security devices to customers around the world, as well as repair and refurbishment services for a variety of products, including set top boxes, mobile phones, and LED TV panels.
8. IFB Industries Ltd – Companies In Consumer Durables Field
- Revenue: Rs 2,551 Cr
- Market Cap: 1,958 Cr.
- ROE: 4.18 %
- Sales Growth (3Yrs): 13.59 %
- Face Value: 10.00
- Promoter holding: 74.96 %
- Debt to equity: 0.53
- Price to book value: 3.03
IFB Industries Limited, formerly known as Indian Fine Blanks Limited, began operations in India in 1974 with the assistance of Hiener Schmid AG of Switzerland.
The range of products includes Fine Blanked components, tools, and associated machine tools such as Straighteners, Decoilers, and Strip loaders, among others.
Kolkata and Bangalore house the Engineering divisions. In addition to producing Fine Blanketed components, the Bangalore facility also produces motors for use in White Goods and Automotive applications.
9. Johnson Controls-Hitachi Air Condition. India Ltd – Companies In Consumer Durables Field
- Revenue: Rs 2,197 Cr
- Market Cap: 5,833 Cr.
- Dividend Yield: 0.07 %
- ROE: 13.10 %
- Sales Growth (3Yrs): 4.65 %
- Promoter holding: 74.25 %
- Debt to equity: 0.27
- Price to book value: 8.47
Hitachi Appliances, Inc. and Johnson Controls, Inc. founded Johnson Controls–Hitachi Air Conditioning on October 1, 2015 as a joint venture.
Hitachi Appliances has separated and contributed its air conditioning division to the Joint Venture. Hitachi Global Life Solutions, Inc. continues to hold a 40 percent stake in this venture. Johnson Controls acquired a 60 percent stake in the spun-off business.
With this joint venture, two illustrious cultures and histories with a combined age of 100 years have come together to form an exciting new company that serves the most diverse product portfolio in the air conditioning industry to our combined customers.
10. Amber Enterprises India Ltd – Companies In Consumer Durables Field
- Revenue: Rs 3,963 Cr
- Market Cap: 5,703 Cr.
- Dividend Yield: 0.18 %
- ROCE: 17.14 %
- ROE: 15.14 %
- Sales Growth (3Yrs): 33.87 %
- Promoter holding: 44.02 %
In India, Amber Enterprises India Ltd is a prominent provider of solutions for the air conditioner OEM/ODM industry. It has a dominant presence in the RAC unit as a whole and deals in major RAC components with ten manufacturing facilities in India focusing on different product segments.
With expertise in heat exchangers, sheet metal components, injection moulding components, system tubing, and motors, Amber is well-positioned with its backward integration to derive the core deliverables in terms of quality, cost, and delivery.
The company provides indoor, outdoor, split, and window air conditioners with greater energy efficiency and expert knowledge. We also deal in components that are not AC-related.
11. Prestige – Companies In Consumer Durables Field
It is an Indian company that makes kitchen appliances and cookware under the Prestige brand. Pressure and induction cookers, mixer grinders, glass top, and electric cookers are among their most popular products. The TTK Group, a commercial conglomerate that was founded in 1928, includes the TTK Prestige consumer durables division. TTK Prestige is a reputable and well-known brand.
In India, Prestige is one of the leading manufacturers of durable goods. As of 2 August 2021, its market cap is 12,060 billion rupees. All of their products fall under the category of kitchen appliances, and roughly 60 percent of their clients are loyal and return customers. The corporation was also given the power brand award for its efforts in the industry.
12. Philips India – Companies In Consumer Durables Field
The Dutch multinational conglomerate Philips India Ltd. has its headquarters in Amsterdam. They are one of the largest consumer durables companies in the world. Radios, razors, and lights, among other items, are well-known and commonly purchased. Clinical intelligence, imaging systems like CT and MRI, diagnostic monitoring, and defibrillators are a few of their healthcare offerings.
Philips has taken a number of environmental improvement measures. Their innovations and new processes have earned them widespread recognition, and they are now one of India’s leading consumer durables companies.
13. Voltas – Companies In Consumer Durables Field
Voltas, a division of the well-known Tata group, is one of the leading durables companies in India. Professionally, the business establishes market dominance through inventive solutions. It is a multibillion-dollar home appliance conglomerate renowned for its premium air conditioners and cooling systems. There are two divisions within their project businesses. The domestic segment is one while the international segment is another.
To ensure profitability, they provide products of the highest standard. Among their most popular products are air conditioners, air and water purifiers, water dispensers and cleaners. Their work was lauded by a number of prestigious organisations, and they were awarded a number of prizes.
14. Hitachi – Companies In Consumer Durables Field
Hitachi is a Japanese multinational corporation that ranks 129th among the Fortune 500 companies around the world. The company’s first offering was an induction motor. They manufacture and distribute a vast array of products, including automotive systems, construction machinery, defence systems, and digital media products, among others.
Many hospitals across the globe have purchased equipment from their electronic division, such as particle treatment and cell therapy technology. Also purchased and traded internationally are wires and cables. Hitachi is one of the most prominent consumer durables companies in India, providing social and infrastructure system facilities such as elevators and escalators.
15. Godrej and Boyce – Companies In Consumer Durables Field
With over 616 million active consumers in the nation, Godrej has been a success since its inception. Additionally, it has contributed to the growth of India’s economy and its stakeholders. It is the first Indian business to receive a nomination for the global cooling prize.
According to 2019-2020 revenue projections, the company’s total revenue exceeds 11,500 Cr. Lighting and security solutions are among the most trusted of their categories. The company has established global footprints on roughly five continents through its foreign subsidiaries and affairs.
Thousands of people are actively contributing to the growth of the company, which has a current ROE value of 20,5%. Numerous individuals have placed their trust in the nation’s satellite launches and other aviation endeavours, which makes it one of India’s leading consumer durables companies.
16. Apple – Companies In Consumer Durables Field
White screens with rounded corners and seamless touch technology. The image Apple has created for itself is well-known. Steve Jobs is responsible for a significant portion of the hype surrounding Apple products such as iPhones and Macbooks.
One of the primary reasons for Apple’s success (and why people are willing to pay a premium for their products) is that their products typically work best together. Apple’s branding strategy incorporates exclusivity, which has been profitable.
17. Toyota – Companies In Consumer Durables Field
Toyota’s reputation for producing reliable and durable automobiles is well-known among car enthusiasts. Many of their advertisements emphasise that their automobiles experience fewer breakdowns than those of competing brands.
Toyota distinguishes itself from other consumer durables manufacturers because consumers have higher standards for the quality and durability of its vehicles. Potential buyers are willing to sacrifice the flex of owning a status symbol vehicle for the reliability of a Toyota; this is what keeps customers purchasing their vehicles.
18. Samsung – Companies In Consumer Durables Field
This South Korean business conglomerate consistently ranks among the top ten most valuable consumer durables brands in terms of brand value. They have been operating in the electronics industry since the 1960s and have consistently produced high-quality, yet reasonably priced products.
Although Samsung has a diverse portfolio and operates in multiple industries, its activity in the consumer durables sector involves the production of consumer electronics such as home and kitchen appliances, personal electronics, smartphones, and many others.
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