Singer March sales soar reflecting robust demand for consumer durables

Singer (Sri Lanka) PLC reported some solid top and bottom-line performances for the three months ended March 2025, on the back of strong demand for its durable products as well as at its financial services business, amid the declining interest rates.

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The consumer durables juggernaut reported revenues of Rs.24.14 billion for the January-March quarter, up by as much as 50 percent from the same period in 2024.

This sharp increase in the sales, which was broad-based across all its business segments, was a testament that the company is seeing that the consumers for durable goods are returning in strides, as the borrowing costs are lower, incomes are improving while the costs they may have to incur are relatively lower, due to the stronger rupee compared to a year ago.