Lower costs, rising demand lift home improvement sector, but valuations raise concerns

The home improvement sector is experiencing significant growth, with Polycab leading the charge.

Polycab India, a prominent player in the electrical sector, has achieved impressive earnings in the first quarter of the fiscal year 2024 (Q1FY24). Notably, their cables and wires business witnessed a 60 percent increase in volume during this period. The Polycab’s stock has soared by 75 percent in 2023.

Another key player in the cables and wires segment, Havells India, has also reported robust growth. The company’s overall revenue surged by 14 percent, while its cables division saw a 24 percent year-on-year growth. Consequently, Havells India’s

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KBB top priority for home improvements, new research shows

Hafele Loox

New consumer research has revealed that kitchens and bathrooms rank high on the priority list for consumers hungry for home improvements.

According to the results of Häfele UK’s ‘Functional Spaces: Homes for Living research almost half (45%) of the 2,000 UK consumers surveyed said they are planning home improvements within the next two years.

The good news for the KBB sector specifically is that a new kitchen (23%) and bathroom renovations (21.4%) were among the top choices for those consumers planning home improvements.

Other planned home improvements include interior decorating (29%), external works such as roofing, gutters and external paintwork

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