Redington Expects More Smartphone Price Hikes, Sees Demand Holding Firm

Smartphone prices are unlikely to decline soon and may rise further before stabilising in the third quarter, Redington’s V.S. Hariharan told NDTV Profit. He said consumer demand remained strong, with premiumisation driving growth in the mobility business. Redington also reported robust first-quarter revenue and profit growth, supported by software solutions, data centres and international operations, despite geopolitical disruptions. The company expects its overseas business to return to double-digit growth after the war-related uncertainty eases.