Nifty Consumer Durables – Nifty Consumer Durables Index

Nifty Consumer Durables is a stock market index in India that tracks the performance of top companies in the consumer durables sector listed on the National Stock Exchange (NSE). It includes firms producing goods like home appliances, electronics and other durable products, reflecting the sector’s growth and trends.

The table below shows the Nifty consumer durables index based on the highest market capitalisation and 1-year return.

Stock Name	Close Price ₹	Market Cap (In Cr)	1Y Return %
Titan Company Ltd	3674.95	335529.89	14.98
Havells India Ltd	1972.90	125588.32	42.17
Dixon Technologies (India) Ltd	13619.95	85089.89	157.10
Kalyan Jewellers India Ltd	730.55	77357.89	218.11
Voltas Ltd	1845.65	61364.23	111.16
Blue Star Ltd	2147.15	43093.78	142.51
Whirlpool of India Ltd	2326.70	28981.97	41.02
Crompton Greaves Consumer Electricals Ltd	432.05	27857.03	41.89
Kajaria Ceramics Ltd	1474.30	23592.52	9.28
Century Plyboards (India) Ltd	882.90	19931.14	37.66
V Guard Industries Ltd	436.50	19202.91	44.04
Bata India Ltd	1374.70	18345.38	-15.07
Amber Enterprises India Ltd	4845.70	16388.62	65.15
Cera Sanitaryware Ltd	8146.55	10440.75	-4.52
Rajesh Exports Ltd	283.45	8558.11	-43.08

Introduction To Nifty Consumer Durables

Titan Company Ltd

The Market Cap of Titan Company Ltd is Rs. 335,529.89 crores. The stock’s monthly return is 5.25%. Its one-year return is 14.98%. The stock is 5.77% away from its 52-week high.

Titan Company Limited is an India-based consumer lifestyle company that manufactures and sells a variety of products including Watches, Jewellery, Eyewear and other accessories. The company is divided into segments such as Watches and Wearables, Jewellery, Eyewear and Others. 

The Watches and Wearables segment encompasses popular brands like Titan, Fastrack, Sonata and more. The Jewellery segment includes brands such as Tanishq, Mia and Zoya. The Eyewear segment is represented by the Titan EyePlus brand. The company also operates in other sectors such as Aerospace & Defence, Automation Solutions, Fragrances, Accessories and Indian dress wear.  

Havells India Ltd

The Market Cap of Havells India Ltd is Rs. 125,588.32 crores. The stock’s monthly return is 5.55%. Its one-year return is 42.17%. The stock is 6.75% away from its 52-week high.

Havells India Limited is an Indian company that specializes in fast-moving electrical goods (FMEG) and the manufacturing of power distribution equipment. Its product range includes industrial and domestic circuit protection devices, cables, wires, motors, fans, switches, home appliances, air conditioners, water heaters, power capacitors and lighting solutions for various applications. 

The company operates a network of over 700 exclusive brand showrooms known as Havells Exclusive Brand Stores nationwide, allowing customers to select from a diverse range of products. Additionally, Havells offers a convenient doorstep service through its Havells Connect program.  

Dixon Technologies (India) Ltd

The Market Cap of Dixon Technologies (India) Ltd is Rs. 85,089.89 crores. The stock’s monthly return is 11.91%. Its one-year return is 157.10%. The stock is currently 6.45% away from its 52-week high.

Dixon Technologies (India) Limited is a company located in India that specializes in electronic manufacturing services. Operating within the Electronics Goods segment, the company offers design and manufacturing solutions for a wide range of products such as consumer durables, home appliances, lighting, mobile phones, security devices, set-top boxes, wearables and medical equipment to customers globally. 

Additionally, the company provides repair and refurbishment services for LED TV panels. Dixon Technologies’ divisions cover various areas including Consumer Electronics, Home Appliances, Lighting Solutions, Mobile Phones, Security Surveillance Systems, Reverse Logistics, Medical Electronics, set-top boxes and IT Hardware.  

Kalyan Jewellers India Ltd

The Market Cap of Kalyan Jewellers India Ltd is Rs. 77,357.89 crores. The stock’s monthly return is 17.32%. Its one-year return is 218.11%. The stock is 7.62% away from its 52-week high.

Kalyan Jewellers India Limited is an Indian jewellery retailer specializing in a wide range of jewellery products including gold, diamond, pearl, white gold, gemstone, platinum and silver. 

The company offers various brands such as Mudhra, Anokhi, Rang, Vedha, Tejasvi, Apoorva, Ziah, Laya and Glo, featuring items like chains, rings, necklaces, earrings, bracelets and bangles in gold, white gold and platinum. Services provided by My Kalyan include jewellery purchase advance schemes, gold insurance, wedding purchase planning, booking of purchases to mitigate price increases, sale of gift vouchers and gold buying tips and education.  

Voltas Ltd

The Market Cap of Voltas Ltd is Rs. 61,364.23 crores. The stock’s monthly return is 4.14%. Its one-year return is 111.16%. The stock is 5.38% away from its 52-week high.

Voltas Limited is an India-based provider of air conditioning and engineering solutions, specializing in project execution. The company operates through three main segments: Unitary Cooling Products, Electro-Mechanical Projects and Services and Engineering Products and Services.

The Unitary Cooling Products segment focuses on the manufacturing, sale and after-sales service of cooling appliances and cold storage products, along with facilities maintenance and hard services. This includes operations and maintenance contracts across various sectors, retrofits and energy management services.  

Blue Star Ltd

The Market Cap of Blue Star Ltd is Rs. 43,093.78 crores. The stock’s monthly return is 25.32%. Its one-year return is 142.51%. The stock is 2.44% away from its 52-week high.

Blue Star Limited operates as a company specializing in heating, ventilation, air conditioning and commercial refrigeration services. The company is divided into three segments: Electro-Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products and Professional Electronics and Industrial Systems. 

The Electro-Mechanical Projects and Commercial Air Conditioning Systems segment covers central air-conditioning projects, electrical contracting and packaged air-conditioning services including manufacturing and after-sales support. The Unitary Products segment focuses on cooling appliances and cold storage products, along with manufacturing and after-sales service.  

Whirlpool of India Ltd

The Market Cap of Whirlpool of India Ltd is Rs. 28,981.97 crores. The stock’s monthly return is 3.08%. Its one-year return is 41.02%. The stock is 0.61% away from its 52-week high.

Whirlpool of India Limited is an Indian company that manufactures and markets a wide range of home appliances. It primarily focuses on producing and trading refrigerators, washing machines, air conditioners, microwave ovens, kitchen appliances and small appliances, serving both domestic and international markets. 

Additionally, it provides product development and procurement services to Whirlpool Corporation in the U.S. and other group companies. Its refrigerator range includes single, double, three-door, bottom mount, side-by-side and four-door models. It also offers semi-automatic, top load and front load washing machines, split air conditioners and various microwave ovens, including convection, grill and solo models.

Crompton Greaves Consumer Electricals Ltd

The Market Cap of Crompton Greaves Consumer Electricals Ltd is Rs. 27,857.03 crores. The stock’s monthly return is -7.53%. Its one-year return is 41.89%. The stock is 12.02% away from its 52-week high.

Crompton Greaves Consumer Electricals Limited, headquartered in India, is a company specializing in consumer electrical products. It operates in two key segments: Electric Consumer Durables (ECD) and Lighting. The company produces and sells a wide range of consumer goods in the ECD sector, such as fans, pumps and appliances, as well as a diverse selection of lighting products. 

Its product lineup comprises ceiling fans, table fans, pedestal fans, wall-mounted fans, exhaust fans, air circulators, industrial fans, pumps for residential and agricultural use, solar pumps, heaters, coolers, mixers, irons, LED lights (including lamps, battens, panels, streetlights and floodlights), as well as various other types of lighting.  

Kajaria Ceramics Ltd

The Market Cap of Kajaria Ceramics Ltd is Rs. 23,592.52 crores. The stock’s monthly return is 8.89%. Its one-year return stands at 9.28%. The stock is currently 7.08% away from its 52-week high.

Kajaria Ceramics Limited is an Indian company that manufactures ceramic and vitrified tiles. The company is divided into two segments: Tiles and Others. The Tiles segment focuses on producing and selling ceramic and vitrified wall and floor tiles, while the Others segment is involved in making sanitary ware, faucets, plywood, block boards, bathware and plywood products. 

Kajaria Ceramics offers a variety of product categories, including glazed vitrified tiles (Eternity), ceramic wall and floor tiles, polished vitrified tiles and tile adhesives. The wall tiles are designed for bathrooms, kitchens, outdoor areas, living rooms, bedrooms and commercial spaces, while the floor tiles are suitable for living rooms, outdoor areas, bedrooms, kitchens, bathrooms and commercial spaces.

Century Plyboards (India) Ltd

The Market Cap of Century Plyboards (India) Ltd is Rs. 19,931.14 crores. The stock’s monthly return is 13.55%. Its one-year return is 37.66%. The stock is 5.90% away from its 52-week high.

Century Plyboards (India) Ltd., an Indian company, mainly focuses on manufacturing and selling plywood, laminates, decorative veneers, medium-density fiberboards (MDF), pre-laminated boards, particle boards and flush doors. 

The company also offers container freight station (CFS) services. It has manufacturing facilities located near Kolkata, Karnal, Guwahati, Hoshiarpur, Kandla and Chennai, with its CFS near Kolkata port. The company is divided into six segments: Plywood, Laminate, MDF, Particle Board, CFS Services and Others.  

V Guard Industries Ltd

The Market Cap of V Guard Industries Ltd is Rs. 19,202.91 crores. The stock’s monthly return is -3.19%. Its one-year return is 44.04%. The stock is currently 32.29% away from its 52-week high.

V-Guard Industries Limited, an Indian company, is involved in the manufacturing, trading and sale of electronic products. The company’s operations are divided into four segments: Electronics, Electricals, Consumer Durables and Sunflame. The Electronics segment offers stabilizers, digital uninterruptible power supply (UPS) and solar inverters. 

Electricals comprise Polyvinyl Chloride (PVC) insulated cables, switch gears, pumps and modular switches. Consumer Durables include electric water heaters, solar water heaters, fans, kitchen appliances and air coolers. Sunflame encompasses products marketed under the Sunflame and Superflame brands.  

Bata India Ltd

The Market Cap of Bata India Ltd is Rs. 18,345.38 crores. The stock’s monthly return is -2.50%. Its one-year return is -15.07%. The stock is 25.43% away from its 52-week high.

Bata India Ltd is one of India’s leading footwear manufacturers and retailers, established in 1931. A subsidiary of the global Bata Shoe Organization, the company offers a wide range of footwear for men, women and children, including formal, casual and sports shoes. 

With a vast network of retail stores and a strong online presence, Bata serves millions of customers across urban and rural areas. Known for its affordable and quality footwear, Bata India is a trusted brand in the Indian footwear market.

Amber Enterprises India Ltd

The Market Cap of Amber Enterprises India Ltd is Rs. 16,388.62 crores. The monthly return of the stock is 8.05%. Over the past year, the return is 65.15%. Currently, the stock is 10.64% away from its 52-week high.

Amber Enterprises India Limited specializes in the production of consumer durable items and serves as a provider of solutions for the air conditioner original equipment manufacturer (OEM)/original design manufacturer (ODM) sector in India. 

The company designs and produces a wide range of refrigeration and air conditioning systems, including window air conditioners (WACS) and various components of split air conditioners (SACs) such as indoor units (IDUs) and outdoor units (ODUs) with capacities ranging from 0.75 ton to two tons, spanning different energy ratings and refrigerant types.  

Cera Sanitaryware Ltd

The Market Cap of Cera Sanitaryware Ltd is Rs. 10,440.75 crores. The stock’s monthly return is -13.05%. Its one-year return stands at -4.52%. The stock is currently 32.45% below its 52-week high.

Cera Sanitaryware Limited is involved in the manufacturing, sales and trading of building products in the State of Gujarat, utilizing nonconventional wind and solar power for its operations. The company’s range of products and services encompasses sanitaryware, faucets, tiles, bathroom accessories and related items. 

Among its sanitaryware offerings are EWCs, wash basins, cisterns, seat covers, urinals, electronic flushing systems, specialized products for specific needs, bath accessories, water-saving solutions and a line designed for children. Faucets and showers offered by the company include foot-operated faucets, single lever faucets, quarter-turn faucets, half-turn faucets, sensor and touch faucets, products for special needs, as well as health faucets, bathroom accessories and other related items.  

Rajesh Exports Ltd

The Market Cap of Rajesh Exports Ltd is Rs. 8,558.11 crores. The stock’s monthly return is -1.13%. Its one-year return is -43.08%. The stock is 79.87% away from its 52-week high.

Rajesh Exports Limited is an Indian company that specializes in refining gold and producing a wide range of gold products. The company exports its goods globally and also operates wholesale and retail outlets in India. Under the brand name SHUBH Jewellers, it has retail showrooms. 

With manufacturing facilities in various locations including Bangalore, Cochin and Dubai, the company has a collective capacity to produce around 400 tons of gold jewellery and products annually. Their product range includes handmade, casting, machine chains, stamped, studded, tube and electro-formed jewellery. Rajesh Exports Limited’s subsidiary is REL Singapore Pte Ltd.

What is the Nifty Consumer Durables Index?

The Nifty Consumer Durables Index is a stock market index that represents the performance of companies in the consumer durables sector. This sector includes businesses that produce long-lasting goods such as appliances, electronics and furniture, which are essential for households.  

Investors use the index to gauge the health and trends within the consumer durables market. A strong performance in this index indicates robust consumer demand and industry growth, while a decline may signal economic challenges or shifts in consumer preferences toward non-durable goods.

Nifty Consumer Durables Weightage

The table below shows the weight of nifty consumer durables.

Company’s Name	Weight(%)
Titan Company Ltd.	33.97
Dixon Technologies (India) Ltd.	11.94
Havells India Ltd.	11.66
Voltas Ltd.	9.64
Crompton Greaves Consumer Electricals Ltd.	6.13
Blue Star Ltd.	6.13
Kalyan Jewellers India Ltd.	5.22
Whirlpool of India Ltd.	3.27
Kajaria Ceramics Ltd.	2.79
Bata India Ltd.	2.10

Best Nifty Consumer Durables Based On 1M Return

The table below shows the best Nifty consumer durables based on a 1-month return.

Stock Name	Close Price ₹	1M Return %
Blue Star Ltd	2147.15	25.32
Kalyan Jewellers India Ltd	730.55	17.32
Century Plyboards (India) Ltd	882.90	13.55
Dixon Technologies (India) Ltd	13619.95	11.91
Kajaria Ceramics Ltd	1474.30	8.89
Amber Enterprises India Ltd	4845.70	8.05
Havells India Ltd	1972.90	5.55
Titan Company Ltd	3674.95	5.25
Voltas Ltd	1845.65	4.14
Whirlpool of India Ltd	2326.70	3.08
Rajesh Exports Ltd	283.45	-1.13
Bata India Ltd	1374.70	-2.5
V Guard Industries Ltd	436.50	-3.19
Crompton Greaves Consumer Electricals Ltd	432.05	-7.53
Cera Sanitaryware Ltd	8146.55	-13.05

Nifty Consumer Durables Index Based On Dividend Yield

The table below shows the nifty consumer durables index based on dividend yield.

Stock Name	Close Price ₹	Dividend Yield %
Bata India Ltd	1374.70	0.84
Kajaria Ceramics Ltd	1474.30	0.81
Cera Sanitaryware Ltd	8146.55	0.75
Crompton Greaves Consumer Electricals Ltd	432.05	0.69
Havells India Ltd	1972.90	0.45
Blue Star Ltd	2147.15	0.33
V Guard Industries Ltd	436.50	0.32
Voltas Ltd	1845.65	0.3
Titan Company Ltd	3674.95	0.29
Whirlpool of India Ltd	2326.70	0.22
Kalyan Jewellers India Ltd	730.55	0.16

How is the Nifty Consumer Durables Index Value Calculated?

The Nifty Consumer Durables Index Value is determined based on the weighted market capitalization of the companies included in the index. Each stock’s market value contributes to the total index value, reflecting its relative importance in the consumer durables sector.  

To calculate the index, the combined market capitalization of all constituent companies is first assessed. Then, this total is divided by a specific divisor to arrive at the index value. This methodology ensures that fluctuations in stock prices are accurately represented in the index, providing a reliable benchmark for market performance in consumer durables.

How Stocks Are Selected for the Nifty Consumer Durables Index?

The Nifty Consumer Durables Index is composed of carefully chosen stocks representing companies in the consumer durables sector. Selection criteria typically include factors like market capitalization, liquidity and the overall financial performance of companies engaged in manufacturing durable goods.  

To maintain an accurate reflection of the market, stocks are periodically reviewed and adjusted based on their performance and changes in the sector. This ensures that the index remains relevant and is a true representation of the consumer durables industry, adapting to shifting market dynamics.

History of the Nifty Consumer Durables

The Nifty Consumer Durables Index was launched by the National Stock Exchange (NSE) of India on January 1, 1996. It was created to track the performance of top companies in the consumer durables sector, including those producing household appliances, electronics and other long-lasting goods. The index reflects the growing importance of consumer durables in the Indian economy, driven by rising incomes, urbanization and increasing consumer demand for high-quality, durable products. It serves as a benchmark for the sector’s performance in the Indian stock market.

Key Factors of Nifty Consumer Durables Index Performance

The factor to monitor when evaluating the Nifty Consumer Durables Index’s performance is consumer demand. As disposable income rises, demand for appliances and electronics grows, driving up revenues and stock prices in the sector.

1. Disposable Income Growth: Increased disposable income allows consumers to spend more on durable goods like home appliances and electronics. Higher purchasing power drives demand for these products, boosting the performance of companies in the index.
2. Urbanization and Lifestyle Changes: Urbanization and changing lifestyles increase demand for modern conveniences like washing machines, refrigerators and air conditioners. Companies producing these goods benefit from this trend, driving their stock performance in the index.
3. Technological Advancements: Innovation in consumer durable products, such as smart appliances and energy-efficient devices, increases consumer interest and boosts sales. Companies that adopt new technologies tend to perform better in the index.
4. Cost of Raw Materials: Fluctuations in the cost of raw materials, like metals and plastics, can impact manufacturing costs for consumer durable companies. Rising material costs can reduce margins and negatively affect the index’s performance.
5. Government Policies and Taxes: Changes in government policies, such as import duties or tax incentives for energy-efficient products, can directly impact the sales and profitability of consumer durable companies, influencing the index’s overall performance.

Benefits of Investing in the Nifty Consumer Durables

The primary benefit of investing in the Nifty Consumer Durables Index is gaining exposure to leading companies in the growing consumer durables sector, which benefits from rising consumer demand and increasing disposable incomes.

1. High Growth Potential: As income levels rise and urbanization spreads, demand for consumer durables like home appliances and electronics increases. This offers investors the potential for capital appreciation as companies in the sector grow.
2. Diversified Exposure: The Nifty Consumer Durables Index provides exposure to a range of companies from different industries, such as electronics, appliances and furniture, offering diversification and reducing sector-specific risk.
3. Resilient to Economic Downturns: Consumer durables often have stable demand, even during economic slowdowns. Households still need essential goods like refrigerators and washing machines, making the index relatively resilient in challenging economic times.
4. Technological Innovation: Companies in the consumer durables sector are consistently innovating and introducing smart and energy-efficient products. These innovations drive consumer interest, leading to higher sales and long-term growth for investors.
5. Income from Dividends: Many established companies in the Nifty Consumer Durables Index offer regular dividends, providing investors with a steady income stream in addition to potential capital gains from stock price appreciation.

Risks of Investing in the Nifty Consumer Durables Index

The main risk of investing in the Nifty Consumer Durables Index is its sensitivity to economic conditions. During downturns, consumers may delay purchasing durable goods, which can negatively impact company revenues and stock performance.

1. Raw Material Price Volatility: Fluctuations in the prices of key raw materials, such as metals and plastics, can increase manufacturing costs for consumer durables companies. This can reduce profit margins and affect the index’s performance negatively.
2. Technological Disruption: Rapid technological advancements can render existing products obsolete. Companies that fail to innovate or adapt to new technologies may lose market share, which can lead to a decline in their stock prices and affect the index.
3. Changing Consumer Preferences: Shifts in consumer preferences, driven by trends or new products, can affect demand for certain goods. Companies that are slow to respond to these changes risk losing sales, impacting the overall index performance.
4. Competition: The consumer durables sector is highly competitive, with both domestic and international companies vying for market share. Increased competition can squeeze profit margins, limiting growth opportunities for companies in the index.
5. Regulatory Risks: Changes in government policies, such as new taxes, import restrictions, or environmental regulations, can increase costs for consumer durables companies. These regulatory shifts can impact profitability and, in turn, affect the index’s performance.

How To Invest in the Nifty Consumer Durables Index?

Investing in the Nifty Consumer Durables Index involves a strategic approach. Start by researching the companies within the index to understand their financial health and market trends. Consider using a brokerage like Alice Blue, which provides user-friendly tools and insights for informed decision-making. You can open an account with Alice Blue to start trading and gain access to extensive resources.  

What Are The Tax Implications Of Investing In Nifty Consumer Durables Index?

The tax implications of investing in the Nifty Consumer Durables Index depend on how you invest. If you invest through Exchange Traded Funds (ETFs) or mutual funds, capital gains tax applies. For short-term capital gains (held for less than one year), a 15% tax is levied. Long-term capital gains (held for more than one year) exceeding ₹1 lakh are taxed at 10% without indexation benefits. 

Additionally, any dividends earned are taxable at the investor’s applicable income tax rate. It’s important to consult a tax advisor for specifics, as tax rules and rates may vary based on individual circumstances.

Future of Nifty Consumer Durables

The future of the Nifty Consumer Durables Index looks promising, driven by increasing disposable incomes, urbanization and evolving consumer lifestyles in India. As more households upgrade to modern appliances, the demand for durable goods like refrigerators, washing machines and air conditioners is expected to grow. 

Technological advancements, such as smart and energy-efficient products, will further boost consumer interest. However, the sector must navigate challenges like raw material price fluctuations and competition. Overall, the index offers strong growth potential as consumer spending rises, supported by government policies promoting manufacturing and consumption in the durable goods sector.

FAQs – Nifty Consumer Durables Index

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Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.