Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>The Indian wearable market has declined for the second consecutive quarter.</li><li>The smartwatch segment has recorded a huge decline in shipments in Q3 2024.</li><li>The earwear segment has also declined, while the smart ring segment remains strong.</li></ul>The <keyword id="22725790" type="General" weightage="20" keywordseo="Indian-wearables-market" source="keywords">Indian wearables market</keyword> has declined for the second consecutive quarter, recording a 20.7% year-on-year decline in shipments in Q3 2024. There was a 10% decline in shipments in Q2 2024. According to a report by the International Data Corporation, 38 million devices were shipped in the country’s wearables market in Q3 2024. The decline is being attributed to a reduction in new product launches and a cautious inventory strategy. <h2>Smartwatch shipments decline</h2>The smartwatch category recorded a decline of 44.8% as shipments declined from 16.92 million devices in Q3 2023 to 9.34 million in Q3 2024. Not just the basic smartwatches, the shipments of premium smartwatches also declined by 39.9% year-on-year. The Smartwatch average selling price (ASP) however increased by 1.4% from $25.8 to $26.2. The wristband category, which remained strong in Q2 has also declined in Q3, recording a 48.4% year-on-year decline in shipments. The earwear category also struggled, with a 7.5% decline in shipments from 30.29 million in Q3 2023 to 28.52 in Q3 2024. <h2>The smart ring category continues to shine</h2>The smart ring market has remained strong, with 92 thousand smart rings shipped in Q3 2024. The quarter also recorded a decline in the average selling price of 16.2% to $162.1. Ultrahuman continues to lead the smart ring category in India with a 36.8% market share, boAt comes in second with a 20.5% share and Pi Ring is third with a 16.3% market share. <h2>Smartwatch market share in India</h2><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2023 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">27.40% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">20.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">boAt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">16.80% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.20% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.60% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.10% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fire-Boltt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.80% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">23.60% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Boult </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.30% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.10% </td></tr></tbody></table> Source: IDC Noise continues to dominate the Indian smartwatch market with a 27.4% market share in Q3 2024, up from a 20.7% market share in Q3 2023. boAt comes in second with a 16.7% market share, up from a 14.2% market share in Q3 2023. “Amid market trends like consolidation, premiumization, and evolving consumer expectations, we have not only weathered these changes but thrived, with a 10-15% year-on-year increase in average selling prices across marketplaces,” said Amit Khatri, Co-Founder, Noise in a statement to Business Insider India. “The smartwatch category remains stressed as we head into 2025 due to undifferentiated products and a limited number of brands in play. Its market is expected to remain flat or decline marginally in 2025,” said Vikas Sharma, senior market analyst, Smart Wearable Devices, IDC India. “However, we are seeing early signs of a gradual consumer shift from basic to advanced smartwatches, as the need for better health tracking with efficient sensors and advanced functionality is gradually coming to the fore,” Sharma added. <h2>TWS market share in India</h2><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2023 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">boAt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">36.80% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">38.10% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Boult </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.50% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.10% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Realme </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.90% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.50% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oppo + OnePlus </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.00% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.10% </td></tr></tbody></table> Source: IDC boAt continues to be the market leader in the TWS segment in Q3 2024 despite a decline in its market share. The company leads the market with a 36.8% market share, with Boult a distant second with a 13.5% market share. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/tata-to-buy-a-majority-stake-in-pegatrons-iphone-plant-in-india/articleshow/115414852.cms">Tata to buy a majority stake in Pegatron's iPhone plant in India</a> <a href="https://www.businessinsider.in/stock-market/webstories/ntpc-green-energy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115403791.cms">NTPC Green Energy IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-grow-5-6-in-q3-2024-vivo-leads-the-market/articleshow/115329847.cms">Indian smartphone shipments grow 5.6% in Q3 2024, Vivo leads the market</a>

Indian wearables market declines 20.7% in Q3 2024, smartwatch and earwear categories struggle

<ul><li>The Indian smartwatch market remained flat in <keyword id="21174432" type="General" weightage="20" keywordseo="Q1-2024" source="keywords">Q1 2024</keyword>, recording a 0.3% increase.</li><li>This is the first quarter in which the Indian smartwatch market has stagnated.</li><li>The Indian smartwatch market is expected to decline double in 2024.</li></ul> The <keyword id="21971215" type="General" weightage="100" keywordseo="Indian-smartwatch-shipments" source="keywords">Indian smartwatch shipments</keyword> remained flat in Q1 2024, recording a 0.3% year-on-year increase, recording the market’s first-ever stagnation. The Indian smartwatch market has reported good growth over the past few years. According to a report by Counterpoint Research, the high growth over the past few years has been driven by high demand from the youth. The muted growth in Q1 2024 indicates a decline in replacement rates among early adopters of smartwatches. “The overall market, which has been registering double- and triple-digit growth over the last couple of years, remained flat in Q1 2024 as some top brands faced difficulties in clearing their existing stocks. Consumers are not warming up to buy a new smartwatch or replace an existing one due to low differentiation in terms of features and limited innovation in the market,” said Anshika Jain, Senior Research Analyst, Counterpoint Research. <cmsannotation type="cmsannotation" annotationid="Fire Boltt continues to lead the Indian market" comment="subhead" text="Fire Boltt continues to lead the Indian market"><keyword id="20503201" type="General" weightage="20" keywordseo="Fire-Boltt" source="keywords" meta.keywordsubtype="org" meta.entityname="Fire Boltt" meta.hostid="261" meta.entityid="Fire Boltt">Fire Boltt</keyword> continues to lead the Indian market</cmsannotation> Fire Boltt has emerged as the market leader despite a decline in shipments. The company recorded a 28% market share in Q1 2024, down from a 33% market share in Q1 2024. The company’s shipments have reported a 15% year-on-year decline in Q1 2024. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fire Boltt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">28% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">33% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">24% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">24% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">boAt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">19% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">beatXP </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr></tbody><tbody></tbody></table> Source: Counterpoint Research <keyword id="20109094" type="General" weightage="20" keywordseo="Noise" source="keywords" meta.keywordsubtype="org" meta.entityname="Noise" meta.hostid="261" meta.entityid="Noise">Noise</keyword> is in the second position with a 24% market share in Q1 2024, the same as last year, with a nominal 2% decline in shipments. <keyword id="20021343" type="General" weightage="20" keywordseo="boAt" source="keywords" meta.keywordsubtype="org" meta.entityname="boAt" meta.hostid="261" meta.entityid="boAt">boAt</keyword> reported a decline in its market share from 19% in Q1 2023 to 15% in Q1 2024. The company recorded the highest decline in shipments at 24% year-on-year. <keyword id="20007884" type="General" weightage="20" keywordseo="Titan" source="keywords" meta.keywordsubtype="org" meta.entityname="Titan" meta.hostid="261" meta.entityid="Titan">Titan</keyword>’s market share increased from 4% in Q1 2023 to 8% in Q1 2024, driven by a 113% increase in shipments. <keyword id="21185215" type="General" weightage="20" keywordseo="beatXP" source="keywords" meta.keywordsubtype="org" meta.entityname="beatXP" meta.hostid="261" meta.entityid="beatXP">beatXP</keyword>’s market share doubled from 2% in Q1 2023 to 4$ in Q1 2024, driven by a 123% year-on-year increase in shipments. <cmsannotation type="cmsannotation" annotationid="Analysts predict a double-digit decline in 2024" comment="subhead" text="Analysts predict a double-digit decline in 2024">Analysts predict a double-digit decline in 2024</cmsannotation> According to analysts, the year 2024 will record a double-digit decline in shipments in 2024. “The hyper-growth of smartwatches in the Indian market over the past few years has been primarily driven by its appeal as a low-cost fashion accessory. However, this initial growth phase is now cooling down as the initial excitement of the segment is tapering off. This is also reflected in the dwindling growth rates and a bleak outlook. The market is forecast to witness a double-digit percentage decline in 2024,” said Harshit Rastogi, Research Analyst, Counterpoint Research. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms">May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%</a> <a href="https://www.businessinsider.in/tech/apps/news/truecaller-can-now-detect-if-the-caller-is-using-ai-how-to-use-it-to-prevent-ai-call-scams/articleshow/110556100.cms">Truecaller can now detect if the caller is using AI – How to use it to prevent AI call scams</a> <a href="https://www.businessinsider.in/tech/news/apple-wwdc-2024-to-begin-with-keynote-on-june-10-event-schedule-what-to-expect-and-more/articleshow/110537952.cms">Apple WWDC 2024 to begin with keynote on June 10 – event schedule, what to expect and more</a>

Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline

<ul class="summary-list"><li>Wall Street analysts have high hopes for Meta's third-quarter earnings report on Wednesday. </li><li>Investors are keeping an eye on growth opportunities from AI. </li></ul>Wall Street analysts are upbeat ahead of Meta's third-quarter earnings report on Wednesday after the closing bell. Analysts generally expect positive revenue and earnings figures, thanks to the Facebook parent's AI ad optimization and the firm's <a target="_blank" class="" href="https://www.businessinsider.com/meta-reorganized-major-businesses-eliminated-roles-whatsapp-instagram-reality-labs-2024-10#:~:text=Meta%20has%20gone%20through%20several,%22efficiency%22%20would%20be%20permanent.&amp;text=As%20of%20March%2C%20Meta%20had,of%202022%2C%20BI%20previously%20reported.">sweeping cost cuts</a>, which included several rounds of layoffs in recent years and saw the firm backing away from some of its <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg-cuts-spending-reality-labs-meta-report-2024-7">virtual reality projects</a>. Investors will be keeping a close eye on signs Meta can continue that growth, with the company <a target="_blank" href="https://affiliate.insider.com?h=4d0247c89eeec6faa3e72d5dee88e7c60fa1cc284a9699c5902f9e7a696dc773&amp;postID=6720fbaf3a35c2732d44c2bb&amp;postSlug=meta-q3-earnings-preview-meta-stock-price-ai-growth-guidance-2024-10&amp;site=bi&amp;u=https%3A%2F%2Fwww.theinformation.com%2Farticles%2Fmeta-develops-ai-search-engine-to-lessen-reliance-on-google-microsoft">reportedly</a> working on a new search tool that will surf the web for its AI chatbot. Wall Street is also looking for strong guidance for the current quarter, though analysts see potential for costs to come in higher than expected.Here's what analysts are saying ahead of the tech giant's earnings report. <h2 id="a8b0515c-9d85-4b4d-b1cf-6fce44552568">"Long-term story is as strong as ever": Bernstein</h2>Meta's long-run growth trajectory looks solid, according to Bernstein senior analyst Mark Shmulik. The stock is up 70% this year and is up 550% since bottoming in 2022."Near term risk and reward feels balanced," Shmulik wrote in a note, adding that the firm had a "perma-bull position on all things Meta.""But the long-term story is as strong as ever. As we look ahead we're constructive on the core business with an expected launch of ads on Threads, continued Reels ramp, more AI/Advantage+ ad tools offer investors top-line upside with a potential TikTok ban not currently priced in," he later added.The firm issued an "Outperform" rating on the stock and a $675 price target, implying 15% upside from current levels.<h2 id="dc7c6a08-8f5f-4c79-812c-4fa35a463037">"Uniquely well positioned to monetize search": JMP</h2>Meta's reported search engine could be a huge positive for the company, JMP analysts said in a note."Meta is uniquely well positioned to monetize search given its 200M+ active SMBs and 12M+ active advertisers," the firm wrote. "To that end, we believe Meta could offer a compelling commercial experience for search given its existing advertiser and SMB relationships while also using search intent signal to power its core advertising product on Facebook and Instagram."The search tool, though, could raise capital expenditures and costs, analysts said, possibly by more than investors are expecting. The firm issued an "Outperform" rating on the stock and a $635 price target, implying an 8% increase from current levels.<h2 id="3ae15c9a-d200-4592-ae15-3f19e716186b">"Top AI pick": Bank of America</h2>BofA analysts expect a "modest" earnings beat from the tech giant on Wednesday. They forecast the firm to report as much as $47.5 billion in revenue, which would represent an 18% year-over-year increase.Meta is a "top AI pick," the analysts added, pointing to a handful of tailwinds, like strong growth in Meta's AI-powered ads business, continued growth among younger users, and more AI growth opportunities in general."Our checks suggest Meta could see strength from: 1) new AI tools and new CRM integration driving higher ROI and incremental ad spend, 2) ramping messaging and Reels monetization, and 3) modest (100-200bps) political ad spend benefit," analysts wrote.The bank reiterated its "Buy" rating and $630 price target on the stock, implying 7% upside from current levels.<h2 id="2fdf202a-5a5b-4d15-a99d-48ed4f86b7d1">"Clear leader in social media": Morningstar</h2>Meta is a "<a target="_blank" href="https://affiliate.insider.com?h=8e3a91b023e95d600e3f54d96021a46339a33c3d1cf4d2a1d57384a4edc6bc4a&amp;postID=6720fbaf3a35c2732d44c2bb&amp;postSlug=meta-q3-earnings-preview-meta-stock-price-ai-growth-guidance-2024-10&amp;site=bi&amp;u=https%3A%2F%2Fwww.morningstar.com%2Fstocks%2Fraising-fair-value-meta-stock-ai-ad-leadership">clear leader</a>" on an "unmatched scale" in the social meaning space, Morningstar said in a recent note, pointing to the firm's 4 billion monthly active users across its applications.Investors though, are keeping hawkish eye over signs Meta can sustain its growth, according to Dave Sekera, Morningstar's chief US market strategist."The market is going to be listening for any update on capex spending, specifically on generative AI. I'd really like to hear from them more specifically about how and when they will be able to monetize that spending. That's the big question for Meta," Sekara said. "Other than that, I'll be listening for an update on growth and digital ads; they had a big benefit from ad spending in Temu and Shein over the past couple quarters, so the question is whether that growth will continue or will it start to slow."The firm previously issued a 3-star rating for the stock and a fair value of $560, implying 5% downside from current levels.<h2 id="b7a7a27b-67d4-4195-b1a2-3e4d05b93099">"A tough bar to surpass": CFRA Research</h2>Meta could face challenges ahead due to the risk that growth decelerated in the last quarter, CFRA Research said."META has a tough bar to surpass in upcoming Q4 2024 and Q1 2025. We estimate Q3 growth decelerated to 18% from 22% in Q2 and see further deceleration to 15% in Q4 2024 and 13% in Q1 2025," CFRA senior equity analyst Angelo Zino wrote. He added that the challenge in the coming quarters will be to keep up with strong growth compared to the year-ago quarters. "We think year-over-year deceleration is due to lapping strong growth from China-based advertisers as well as strong Reels impression growth from a year ago. Still, we think digital ad trends remain healthy, with broad-based health across most regions and verticals," Angelo Zino, a senior equity analyst at CFRA, wrote.CFRA raised its price target on the stock to $650 a share, implying 11% upside.

Wall Street is bullish on Meta earnings as analysts eye an AI boost for the tech titan

<ul><li>The Indian wearable <keyword id="20103884" type="General" weightage="20" keywordseo="shipments" source="keywords">shipments</keyword> have reported a 2.1% year-on-year growth in <keyword id="21174432" type="General" weightage="20" keywordseo="Q1-2024" source="keywords">Q1 2024</keyword>.</li><li>According to an IDC report, 25.6 million <keyword id="20018806" type="General" weightage="20" keywordseo="wearables" source="keywords">wearables</keyword> were shipped in the country in Q1 2024.</li><li>There was a nearly 20% decline in the average selling price of wearables in Q1 2024.</li></ul> The Indian wearables market has continued to perform well in 2024, reporting a 2.1% year-on-year growth in Q1 2024. The wearables market recorded<a href="https://www.businessinsider.in/tech/news/fire-boltt-noise-lead-indias-wearable-market-growth-which-sees-a-34-spike/articleshow/107813888.cms"> double-digit growth</a> in 2023. According to a report by the International Data Corporation (IDC), 25.6 million wearables were shipped in Q1 2024. Wearables include smartwatches and earwear such as truly wireless earbuds (TWS) and neckbands. While a small growth has been recorded in the first quarter, the growth was hindered by high inventory carried over from the festive season in 2023. The share of offline channels in shipments increased to 37.9% in Q1 2024 from 26.1% in Q1 2023. The online channel shipments declined by 14.1% year-on-year in Q1 2024, the second consecutive quarter of decline. “Vendors have started focusing on retail expansion via partnerships with large format national and regional retail chains and bundling wearables with other product categories like smartphones, laptops, etc. It will be interesting to see if these initiatives help bring back the growth momentum, especially in the festive sales period in the second half of the year,” said Anand Priya Singh, Market Analyst, Smart Wearable Devices, IDC India. <cmsannotation type="cmsannotation" annotationid="Decline in average selling price" comment="subhead" text="Decline in average selling price">Decline in average selling price</cmsannotation> Amid the launch of several affordable options, there was a significant decline in the average selling price (ASP) of wearables. In Q1 2024, the ASP declined by 17.8% from $22.62 (approx. ₹1,885) to $18.59 (approx. ₹1,550), a record low in wearables ASP. <cmsannotation type="cmsannotation" annotationid="Fire Boltt leads the smartwatch segment" comment="subhead" text="Fire Boltt leads the smartwatch segment">Fire Boltt leads the <keyword id="21772954" type="General" weightage="20" keywordseo="smartwatch-segment" source="keywords">smartwatch segment</keyword></cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fire - Boltt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">23.50% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">28.60% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-24.00% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">22.80% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">21.60% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.10% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">boAt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.30% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.50% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-61.30% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.70% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.30% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">91.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">BeatXP </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.10% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.10% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">232.10% </td></tr></tbody></table> Source: IDC While the overall wearables segment recorded a slight increase, there was a decline in smartwatch shipments. According to the report, the smartwatch shipments declined by 7.3% to 9.6 million devices, recording the first decline in shipments since Q4 2018. The decline has been attributed to excess inventory in the online channel and fewer new launches. The ASP of smartwatches declined to $20.65 (approx. ₹1,720) from $29.24 (approx. ₹2,435). Fire-Boltt emerged as the market leader, despite a decline in shipments. The company recorded a 23.5% market share in Q1 2024, down from 28.6% in Q1 2023. <cmsannotation type="cmsannotation" annotationid="boAt leads the TWS segment" comment="subhead" text="boAt leads the TWS segment">boAt leads the <keyword id="21772955" type="General" weightage="20" keywordseo="TWS-segment" source="keywords">TWS segment</keyword></cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">boAt </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">33.90% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">30.70% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">31.50% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Boult </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.00% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.60% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-8.00% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.70% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.40% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">116.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Realme </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.60% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.60% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">70.00% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oppo and OnePlus </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.30% </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.50% </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.80% </td></tr></tbody></table> Source: IDC The earwear category reported a growth of 8.3% year-on-year in Q1 2024, shipping 15.9 million units. In the overall earwear category, the share of TWS devices increased to 70.1% from 63.8% in Q1 2023, recording a 19% growth. The ASP of earwear declined to $16.62 (approx. ₹1,385). boAt continues to lead the segment, with a 33.9% market share, up from 30.7% in Q1 2023. The collective share of the top five companies declined from 63.9% to 59.9%. SEE ALSO: <a href="https://www.businessinsider.in/sports/webstories/ipl-2024-purple-cap-indians-dominate-the-top-10-highest-wicket-takers-list/slidelist/110335787.cms">IPL 2024 Purple Cap – Indians dominate the top 10 highest wicket-takers list</a> <a href="https://www.businessinsider.in/business/auto/news/tvs-iqube-st-vs-ather-450x-vs-ola-s1-pro-which-electric-scooter-should-you-buy/articleshow/110330220.cms">TVS iQube ST vs Ather 450X vs Ola S1 Pro – which electric scooter should you buy?</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt-6t-with-snapdragon-7-gen-3-120w-charging-launched-starting-at-30999/articleshow/110328208.cms">Realme GT 6T with Snapdragon 7+ Gen 3, 120W charging launched starting at ₹30,999</a>

India’s wearable shipments rise by 2.1% in Q1 2024, average price declines

The shares of <keyword id="1824765" type="General" weightage="80" keywordseo="titan-company" source="Orion">Titan Company</keyword> dropped 1.66 per cent to Rs 2,495.95 apiece in morning trade on Monday. It is likely that the firm's <keyword id="6357824" type="General" weightage="20" keywordseo="sales" source="Orion">sales</keyword> failed to live up to Street expectations and have influenced the stock's Monday trading. The shares of the <keyword id="150620" type="General" weightage="20" keywordseo="watchmaker" source="Orion">watchmaker</keyword> had declined 2.46 per cent in a span of five days while the firm's shares declined 4.56 per cent in a period of 30 days in 2023. The <keyword id="6359357" type="General" weightage="20" keywordseo="Titan" source="Orion">Titan</keyword> Company said its sales across standalone businesses went up 12 per cent year-on-year in the third quarter of fiscal 2022-23, which is not quite up to Street expectations. The watchmaker had said on Sunday that the positive consumer sentiment helped all categories clock healthy double-digit growths despite a high base in the same period of last year, according to the company statement shared with exchanges. <keyword id="22670" type="General" weightage="20" keywordseo="Watches" source="Orion">Watches</keyword> division's 14 per cent growth year-on-year (y-o-y) was led by strong traction in the wearables space, the company said. A slew of exciting product launches in the fiscal year leading to the festive season contributed well to more than tripling sales from the wearables sub-segment in the quarter compared to same period last year, the company had said on Sunday. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/india-holds-the-potential-to-build-100-adani-groups-says-gautam-adani/articleshow/96843556.cms">India holds the potential to build 100 Adani groups says Gautam Adani</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/meta-hires-vikas-purohit-as-head-of-global-business-group-in-india/articleshow/96849570.cms">Meta hires Vikas Purohit as Head of Global Business Group in India</a>

Titan shares fall as its Q3 sales fail to live up to street expectations

<ul class="summary-list"><li>Bank of America boosted Amazon's price target after earnings to $210, eyeing 17% upside from Wednesday's price levels. </li><li>The confidence was largely driven by accelerating growth of AWS and increased retail margins. </li></ul><a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> stock could soar as its latest earnings herald a "new era" of profits for the tech behemoth, according to Bank of America.Bank of America analysts bumped up their price target for Amazon shares to $210 from $204, marking a 17% jump from Wednesday afternoon prices around $178, thanks to the tech giant's <a href="https://markets.businessinsider.com/news/stocks/amazon-amzn-q1-earnings-report-preview-revenue-outlook-aws-ai-2024-4?_gl=1*n4kg94*_ga*MTYxMjM2MDEyMC4xNzE0NTA0MzM4*_ga_E21CV80ZCZ*MTcxNDU4MDYxMC44LjEuMTcxNDU5MTQ2NC4yMS4wLjA.">estimate-beating earnings</a> in the first quarter. In a note sent to clients on Wednesday, Bofa's global research team led by Justin Post highlighted a major positive sign from the CEO's earnings call: Margins can continue to expand despite the company ramping up its investment.Analysts said "a new era for retail profitability" could be dawning for Amazon. The bank said they remain optimistic about the two key stock drivers for the company: accelerating AWS growth that's outperformed peers, and the potential higher retail profit margins as Amazon expands. The two factors made Amazon the top large-cap pick for Bofa.The AI-fueled AWS racked up $25 billion in sales, leading BofA to forecast an 18% year-over-year revenue growth in the segment for 2024, up from the previous 16.5%. Analysts note that recent launches of new models within AWS Bedrock are set to drive future demand.On the guidance front, Amazon expects Q2 net sales to range between $144.0 billion and $149.0 billion, 2.5% below the estimated $150.21 billion. But Bofa still sees upside ahead, as roughly 120 basis points of this slowdown is due to the leap year benefit in the first quarter and 50 basis points due to a stronger foreign exchange headwind."2Q profit guide at $10-14bn bracketed Street at $12.5bn, suggesting strong 9% margins at high-end," they wrote. Looking ahead to 2025, BofA has revised the profit and EPS estimates to $75 billion and $5.65, respectively, up from the previous estimates of $71 billion and $5.28."This implies a P/E of 31x using AH price of $177, though we expect Street to assume more margin beats and upside vs Amazon's guidance."

Amazon stock has 17% upside as earnings reveal a 'new era' of profits for the tech titan, Bank of America says

ITC, Adani Ports, Bajaj Auto, Titan and other hot stocks to watch out for on October 28

<ul><li><keyword id="15577203" type="General" weightage="20" keywordseo="OnePlus-11-5G" source="Orion">OnePlus 11 5G</keyword> launched in India at a starting price of ₹56,999.</li><li><keyword id="2210217" type="General" weightage="100" keywordseo="oneplus" source="Orion">OnePlus</keyword> also launched its first tablet in India — <keyword id="12649021" type="General" weightage="20" keywordseo="OnePlus-Pad" source="Orion">OnePlus Pad</keyword>.</li><li>Alongside <keyword id="15572676" type="General" weightage="20" keywordseo="OnePlus-Buds-Pro-2" source="Orion">OnePlus Buds Pro 2</keyword>, OnePlus Pad and OnePlus 11 5G, the company also launched its first mechanical keyboard.</li></ul>OnePlus just held its first event of the year, where it took the wraps off the new <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-11-5g-review-high-on-value-low-on-excitement/articleshow/97701701.cms">OnePlus 11 5G</a>, OnePlus 11R 5G, and OnePlus Buds Pro 2 alongside its first Android tablet, the OnePlus Pad. It also unveiled a host of other products to expand its ecosystem, including the OnePlus TV 65 Q2 Pro and its first mechanical keyboard. The events also shared a glimpse of the upcoming smartphone, the OnePlus 11 Concept, which will be showcased at the upcoming MWC 2023 (mobile world conference) event. It is expected that OnePlus 11 Concept can be the first foldable smartphone from the company. In case you weren’t able to watch the event live, you can catch up on all the biggest news from OnePlus’s Cloud 11 event here. <cmsannotation type="cmsannotation" annotationid="OnePlus 11 5G/ 11R 5G" comment="subhead" text="OnePlus 11 5G/ 11R 5G">OnePlus 11 5G/ 11R 5G</cmsannotation> <div type="image" title="Oneplus 11" msid="97705254" hostid="261" sizebytes="24066" caption="&amp;lt;p&amp;gt;Latest device by OnePlus&amp;lt;/p&amp;gt;"></div> The OnePlus 11 5G has been officially launched in India, taking over as the company's top-of-the-line premium smartphone in the country. The OnePlus 11 boasts several upgrades compared to its supposed predecessor, the OnePlus 10 Pro. These include the latest chipset, a better display, enhanced charging capabilities, and upgraded camera sensors. Another notable feature of the device is the highly recognizable alert slider, a staple of the OnePlus brand. The newly launched OnePlus 11 5G in India is available in two variants: 8GB of RAM with a 128GB storage option, and a premium 16GB RAM option with a 256GB storage option. The base model with 8GB RAM is priced at ₹56,999, while the higher-end 16GB RAM version is available for ₹61,999. The OnePlus 11 has been introduced in two color options, Eternal Green and Titan Black. Starting February 7, pre-orders for the smartphone will begin and it will be available for sale from February 14 through various channels such as OnePlus.in, OnePlus Exclusive Stores, Amazon India, and other leading retail stores. To celebrate the launch, those who pre-book the device will receive a ₹6,000 exchange bonus as part of the promotional offers. The OnePlus 11 features a curved AMOLED display protected by Corning Gorilla Glass Victus. This 6.7-inch QHD+ display has a resolution of 3216×1440 pixels and a 20.1:9 aspect ratio, and boasts a dynamic refresh rate of up to 120Hz, dynamically adjusting based on the on-screen content. Additionally, the display supports Dolby Vision and features an in-display fingerprint sensor. The OnePlus 11 also comes equipped with dual speakers with Dolby Atmos support, however, it lacks a 3.5mm headphone jack. The smartphone is powered by the latest Qualcomm Snapdragon 8 Gen 2 chipset, which we have seen in the latest Samsung Galaxy S23 lineup and iQoo 11. The device packs a 5000mAh battery with 100W fast charging support, that is said to fully charge the device in just 25 minutes. But the device lacks wireless charging support. The OnePlus 11 features a triple-camera setup on the back, co-tuned with Hasselblad. The main camera is a Sony IMX890 50MP sensor is accompanied by a 48MP ultra-wide sensor and a 32MP portrait sensor. The front camera is a 16MP hole-punch cutout at the top left corner. Other than these, the rear camera has various camera modes and features, including Hasselblad Camera, Nightscape, Portrait Mode, Pro Mode, and more. <cmsannotation type="cmsannotation" annotationid="OnePlus Buds Pro 2" comment="subhead" text="OnePlus Buds Pro 2">OnePlus Buds Pro 2</cmsannotation> <div type="image" title="OnePlus Buds Pro 2" msid="97705314" hostid="261" sizebytes="15032" caption="&amp;lt;p&amp;gt;Latest earbuds by OnePlus&amp;lt;/p&amp;gt;"></div> The OnePlus Buds Pro 2 has a flat case and a similar earbud design to the previous model, with short stalks and angled ear tips for a secure fit. They support Spatial Audio and head tracking and use the LHDC 4.0 codec for lossless hi-res audio. The earbuds boast a MelodyBoost dual driver system with 11mm and 6mm drivers co-created with Dynaudio. The OnePlus Buds Pro 2 offers up to 48dB active noise cancellation that can be personalized through a companion app, along with a Transparency Mode. They come with a default Dynaudio EQ setting and three customization options. The earbuds have up to 39 hours of playback time without ANC and 25 hours with ANC. They support quick charging with 10 minutes providing 3 hours of audio. Connectivity is via Bluetooth 5.3 and Google Fast Pair, allowing seamless connection to two devices with low latency of 54ms. The OnePlus Buds Pro 2 has a price tag of ₹11,999 but the Buds Pro 2R has a price tag of ₹9999. Pre-orders start on February 7 and the sale will begin on February 14. The devices will be available at OnePlus online and offline stores following Amazon, Flipkart, and selected partnered stores. <cmsannotation type="cmsannotation" annotationid="OnePlus Keyboard 81 Pro features and specifications" comment="subhead" text="OnePlus Keyboard 81 Pro features and specifications"><keyword id="16403315" type="General" weightage="20" keywordseo="OnePlus-Keyboard-81-Pro" source="Orion">OnePlus Keyboard 81 Pro</keyword> features and specifications</cmsannotation> <div type="image" title="OnePlus Keyboard 81 Pro" msid="97705385" hostid="261" sizebytes="40294" caption="&amp;lt;p&amp;gt;First keyboard from OnePlus&amp;lt;/p&amp;gt;"></div> The OnePlus Keyboard features a mechanical switch design with a layout reminiscent of older keyboards and additional special keys in a row to the right, topped by a red toggle. The switches are hot-swappable and the keyboard is compatible with both Mac and Windows. The keyboard boasts a ‘double gasket design’ for a silent typing experience and full RGB LED lighting, a popular feature among keyboard enthusiasts. <cmsannotation type="cmsannotation" annotationid="OnePlus Pad" comment="subhead" text="OnePlus Pad">OnePlus Pad</cmsannotation> <div type="image" title="OnePlus Pad" msid="97705418" hostid="261" sizebytes="46556" caption="&amp;lt;p&amp;gt;First tablet from OnePlus&amp;lt;/p&amp;gt;"></div> OnePlus has announced the OnePlus Pad, its first Android tablet, in India. The tablet offers a 5G connection and stylus support, with immersive audio and visual capabilities. Although pricing and availability are yet to be confirmed, pre-orders will start in April. The tablet will also come with the OnePlus Stylo and Magnetic Keyboard, which will be released later in the year. Talking about specifications and features, the OnePlus Pad features an 11.6-inch IPS LCD screen with a 7:5 aspect ratio and a resolution of 2800x2000 pixels. It boasts a 500-nit brightness and a 144Hz refresh rate. The tablet supports HDR10+, Dolby Vision, and Dolby Atmos for an immersive viewing experience, and has four stereo speakers with Omnibearing Sound Field technology. Under the hood, the tablet has MediaTek Dimensity 9000 chipset which is coupled with up to 12GB of RAM and 128GB of internal storage. Talking about the battery, it packs a 9510mAh battery that is said to last up to 1 month once fully charged. <cmsannotation type="cmsannotation" annotationid="OnePlus TV 65 Q2 Pro specifications and features" comment="subhead" text="OnePlus TV 65 Q2 Pro specifications and features">OnePlus TV 65 Q2 Pro specifications and features</cmsannotation> <div type="image" title="OnePlus TV 65 Q2 Pro" msid="97705457" hostid="261" sizebytes="12868" caption="&amp;lt;p&amp;gt;OnePlus TV 65 Q2 Pro &amp;lt;/p&amp;gt;"></div> The OnePlus TV 65 Q2 Pro is the new flagship TV that boasts improved hardware and software features compared to previous models. It features a 65-inch QLED display with 4K (3840 x 2160) resolution and a 120Hz refresh rate, with 97% DCI-P3 color coverage, 1200 nits of peak brightness, and 120 local dimming zones. The TV runs OxygenPlay 2.0 and supports video formats such as AVI, MKV, MP4, and WMV, with Dolby Atmos sound support. The 70W 2.1 channel soundbar is the key highlight of the TV as it is said to provide a seamless audio experience. The smart TV also supports WiFi and Bluetooth connectivity and is made in India, offering seamless integration with other OnePlus devices. The OnePlus TV 65 Q2 Pro television is priced at ₹99,999 and pre-orders will start from March 6th and will be available for sale from March 10th. SEE ALSO: <a href="https://www.businessinsider.in/science/news/china-clones-three-super-cows-to-produce-milk-by-the-gallons/articleshow/97570773.cms">Holy Cow! China clones three 'Super Cows' to produce milk by the gallons</a> <a href="https://www.businessinsider.in/tech/mobile/news/rumors-suggest-oneplus-is-testing-v-fold-and-v-flip-foldable-smartphones/articleshow/97448675.cms">Rumors suggest OnePlus is testing V Fold and V Flip foldable smartphones</a>

OnePlus launches seven new products at its Cloud 11 event—here’s everything about the OnePlus 11, Buds Pro 2, Keyboard 81 Pro and more

New Delhi [India], May 22 (ANI): The average selling price (ASP) for overall <keyword id="1531471" type="General" weightage="100" keywordseo="wearable-devices" source="Orion">wearable devices</keyword> has declined by more than 17 per cent in the first quarter of 2024—from USD 22.62 to USD 18.59—hitting a record low, the <keyword id="668267" type="General" weightage="20" keywordseo="International-Data-Corporation" source="Orion">International Data Corporation</keyword> (<keyword id="6377157" type="General" weightage="20" keywordseo="IDC" source="Orion">IDC</keyword>) observed in its latest report. Excess inventory in the online channel and fewer new launches were some of the primary reasons behind the decline in prices, the report noted. Citing a similar situation a year ago, it added, that the <keyword id="21764166" type="General" weightage="20" keywordseo="smartwatch-ASPs" source="keywords">Smartwatch ASPs</keyword> dropped to USD20.65 from USD29.24 a year ago on the back of e-tailer sales events and discounts. Although, the share of advanced smartwatches increased from 2.0 per cent to 3.2 per cent in the 1Q24. The <keyword id="21764167" type="General" weightage="20" keywordseo="Indian-wearable-device-market" source="keywords">Indian wearable device market</keyword> grew by 2.1 per cent year-over-year (YoY) to 25.6 million units after growing by at least double digits consecutively since the fourth quarter of 2017. According to the IDC data, the top five vendors namely BoAt, Noise, Fire-Bolt, Boult, and Oppo, remain unchanged from a year ago. Although their collective share declined from 63.9 per cent to 59.9 per cent, the long tail of smaller vendors gained a share. Within the smartwatch category, shipments of the top three vendors declined due to high channel inventory. However, Titan and BeatXP grew by 2X and 3X, respectively. In the earwear category, all vendors from the top five grew their shipments, except Boult, the report observed. "Vendors have started focusing on retail expansion via partnerships with large format national and/or regional retail chains and bundling wearables with other product categories like smartphones, laptops, etc. It will be interesting to see if these initiatives help bring back the growth momentum, especially in the festive sales period in the second half of the year," said Anand Priya Singh, Market Analyst, Smart Wearable Devices, IDC India. Noting the increasing share of offline channels, the report adds that there was an increase of 11.8 per cent in the first quarter of 2023, while online channel shipments declined by 14.1 per cent YoY in 1Q24, its second consecutive quarter of decline.

Wearables devices price hits record low after dropping by 17%; Offline sales grow by 37.9% in Q1 FY25: IDC

<ul><li>India’s largest two-wheeler manufacturer <keyword id="6357252" type="General" weightage="20" keywordseo="hero-motocorp" source="Orion">Hero MotoCorp</keyword> beat analyst estimates to deliver a 37% YoY rise in standalone net profit to ₹859 crore.</li><li> The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore.</li><li> Hero MotoCorp’s revenue growth during Q4 came in at 11.9% YoY at ₹8,307 crore, while for the full FY23, it reported a growth of 17.7% to ₹33,806 crore.</li></ul>India’s largest two-wheeler manufacturer Hero MotoCorp beat analyst <a href="https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-q4-results-pat-beats-estimates-jumps-37-yoy-to-rs-859-cr-revenue-up-12/videoshow/99989882.cms">estimates</a> to deliver a 37% YoY rise in standalone net profit to ₹859 crore in Q4, aided by price hikes, cost cutting and improved product mix. The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore. Hero MotoCorp’s revenue growth during Q4 came in at 11.9% YoY at ₹8,307 crore, while for the full FY23, it reported a growth of 17.7% to ₹33,806 crore. The impact of the triple drivers of its net profit growth during Q4 – price hikes, cost cutting and improved product mix – also reflected in the company’s net margins, which rose by 190 basis points to 10.3% from 8.4% a year ago. However, for the full FY23, net margins improved only a tad to 8.6% from 8.5% in FY22. The company declared a final dividend of ₹35 per share, with the total dividend for FY23 touching ₹100. <table style="width:410.6pt;border-collapse:collapse;mso-yfti-tbllook:1184; mso-padding-alt:0cm 5.4pt 0cm 5.4pt" class="redcator-table-advance"> <tbody><tr> <td style="width:99.0pt;border:solid black 1.0pt; mso-border-alt:solid black .5pt;mso-border-bottom-alt:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Particulars </td> <td style="width:84.8pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> FY23 </td> <td style="width:57.0pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Change </td> <td style="width:84.75pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Q4 FY23 </td> <td style="width:3.0cm;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Change (YoY) </td> </tr> <tr> <td style="width:99.0pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Volume (units) </td> <td style="width:84.8pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 53.29 lakh </td> <td style="width:57.0pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 7.8% </td> <td style="width:84.75pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 12.7 lakh </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 6.8% </td> </tr> </tbody><tbody></tbody></table> Source: Company reports Hero MotoCorp’s Q4 and FY23 in numbers: <table style="width:446.3pt;border-collapse:collapse;mso-yfti-tbllook:1184; mso-padding-alt:0cm 5.4pt 0cm 5.4pt" class="redcator-table-advance"> <tbody><tr> <td style="width:77.75pt;border:solid black 1.0pt; mso-border-alt:solid black .5pt;mso-border-bottom-alt:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Particulars </td> <td style="width:99.2pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> FY23 </td> <td style="width:99.25pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> FY22 </td> <td style="width:3.0cm;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Q4 FY23 </td> <td style="width:3.0cm;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Q4 FY22 </td> </tr> <tr> <td style="width:77.75pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Revenue </td> <td style="width:99.2pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹33,806 crore </td> <td style="width:99.25pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹29,245 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹8,307 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹7,422 crore </td> </tr> <tr> <td style="width:77.75pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Net profit </td> <td style="width:99.2pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹2,911 crore </td> <td style="width:99.25pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹2,473 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹859 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹627 crore </td> </tr> <tr> <td style="width:77.75pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Net margin </td> <td style="width:99.2pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 8.6% </td> <td style="width:99.25pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 8.5% </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 10.3% </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 8.4% </td> </tr> </tbody><tbody></tbody></table> Source: Company reports Commenting on the company's performance, Hero MotoCorp CEO Niranjan Gupta said the company has been able to drive margin expansion and profitable growth this quarter through a judicious combination of pricing, savings, and product mix. "In the coming fiscal year, we have lined up a slew of product launches in different segments with an aim to strengthen our premium portfolio as well as premiumisation of existing models, which will help us deliver improvement in market share," he added. The company is also accelerating its EV rollout, with a plan to be in 100 cities within this calendar year, Gupta said. "Apart from exclusive Vida outlets in certain cities, we will be using our existing distribution system across cities to ensure wider reach. The recent price revision now makes Vida accessible to more customers, and we expect this will increase the EV transition in scooter category," he added. Gupta noted that the economic activity in India continues to build momentum with key indicators moving in the positive direction. "We do expect two-wheeler industry revenue growth to be double-digit in the coming year," he stated. Shares of the company ended 0.43% up at ₹2,514.05 apiece on the BSE. (With inputs from PTI.) SEE ALSO: <a href="https://www.businessinsider.in/business/news/go-first-flight-cancellations-make-summer-travel-and-vacations-expensive/slidelist/99983101.cms">Go First flight cancellations make summer travel and vacations expensive</a> <a href="https://www.businessinsider.in/business/corporates/news/hiring-in-it-companies-like-tcs-wipro-infosys-hcl-tech-plunges-by-66-in-fy23/articleshow/99960690.cms">Hiring in the IT sector plunges by 66% in FY23</a> <a href="https://www.businessinsider.in/business/corporates/news/titan-q4-net-profit-rises-50-to-734-crore-as-wedding-segment-makes-a-comeback/articleshow/99964029.cms">Titan Q4 net profit rises 50% to ₹734 crore as wedding segment makes a comeback</a>

You Searched For "titan q2" and got 10 results

Indian wearables market declines 20.7% in Q3 2024, smartwatch and earwear categories struggle

Sourabh Jain

Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline

Sourabh Jain

Wall Street is bullish on Meta earnings as analysts eye an AI boost for the tech titan

Jennifer Sor

India’s wearable shipments rise by 2.1% in Q1 2024, average price declines

Sourabh Jain

Titan shares fall as its Q3 sales fail to live up to street expectations

ANI

Amazon stock has 17% upside as earnings reveal a 'new era' of profits for the tech titan, Bank of America says

Yuheng Zhan

ITC, Adani Ports, Bajaj Auto, Titan and other hot stocks to watch out for on October 28

Rounak Jain

OnePlus launches seven new products at its Cloud 11 event—here’s everything about the OnePlus 11, Buds Pro 2, Keyboard 81 Pro and more

Rahul Verma

Wearables devices price hits record low after dropping by 17%; Offline sales grow by 37.9% in Q1 FY25: IDC

ANI

Hero MotoCorp Q4 net profit beats estimates, rises 37% YoY to ₹859 crore

Rounak Jain

Popular Keywords

Buying Guides