Sony India records 21% growth in 2023-24; bets big on premium TV segment

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Sony India records 21% growth in 2023-24; bets big on premium TV segment - Business Standard

Quick Summary:

Consumer electronics giant Sony India recorded a 21 per cent growth in 2023-24 and expects to continue the momentum going forward led by the trend of premiumisation in the TV and consumer electronics space, Managing Director Sunil Nayyar said on Monday.

Sony India is quite upbeat after having almost 40 per cent growth in festive sales during Onam in the southern market and expects a similar kind of double-digit growth in the rest part of the country during the festive season starting from Durga Puja.

However, the company expects a moderation in the growth rates in the current fiscal, he said, adding it "may be not to the level which we have registered last year, because of the high base effect".