The aroma burner, scented candle, and incense stick industry in India has seen significant growth, driven by increasing demand for home fragrances, wellness products, and a rising interest in mindfulness practices. Companies like ITC (with its brand “Mangaldeep”), Emami Agrotech, and Dhoop have been key players in the incense stick market, while brands like Bombay Perfumery and D.U. Candles are prominent in the scented candle segment.
The rise in disposable income, urbanization, and growing awareness about aromatherapy have contributed to this sector’s boom. The future scope looks promising, with expanding markets both domestically and internationally, particularly in wellness and home décor. As consumers prioritize eco-friendly and sustainable products, the industry is likely to evolve with innovative offerings to meet these demands.
Share Price
The shares of Mayukh Dealtrade Ltd are trading at Rs. 2.11 up by 2.43% from its previous close of Rs. 2.06 as of November 29, 2024
Recent Updates
Mangalam Brands Pvt Ltd has recently awarded a single order for the supply of Electric Kapoor Dani (Wooden) to Mayukh Electric Kapoor Dani. The order includes a total quantity of 10,000 units. The significant terms of the contract include the delivery of the specified electric Kapoor Dani, which is a key product for the company.
The deal highlights the growing demand for traditional yet modernized products like the electric Kapoor Dani, catering to evolving consumer preferences. The exact timeline and pricing terms for the order are yet to be disclosed but will be communicated shortly.
About the Company
Mayukh Dealtrade Limited, established in 1980 at Kandivali West, Mumbai, is a public limited company engaged in manufacturing and exporting a variety of products, including Electric Kapoor Dani, Wood Kapoor Dani, T Light Holders, Portable Steam Vaporizers, and Glass Table Lamps.
The company is known for offering high-quality products at affordable prices, which has led to significant demand in the market. Mayukh Dealtrade Limited ensures the timely delivery of its products, contributing to its strong client base. The company’s commitment to premium quality and customer satisfaction has positioned it as a reliable name in the industry.
Conclusion
In conclusion, the recent order win by Mayukh Dealtrade Ltd. showcases the growing demand for traditional yet modernized home fragrance products in the Indian market. As a micro-cap company, Mayukh Dealtrade has established itself as a reliable manufacturer and supplier, offering high-quality products at competitive prices.
The surge in consumer interest in wellness, aromatherapy, and eco-friendly solutions has fueled the expansion of this niche industry, presenting further growth opportunities for companies like Mayukh Dealtrade that can innovate and cater to evolving customer preferences. This order win represents a positive step for the company’s business and its positioning within the dynamic aroma products sector.
Written By: Dipangshu Kundu
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