Economy · India
Heatwaves Drive Sales Surge for Consumer Goods and Appliances
Record heatwaves across India have led to a significant increase in sales for various consumer brands and appliances. Quick-commerce platforms reported a substantial rise in demand for cooling products like ice creams and beverages, with ice cream sales doubling in May. Similarly, air conditioner manufacturers experienced a surge in demand, though rising input costs pose a challenge to profit margins.
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- Centre (2): Mint, The Times of India