Consumer Durables

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand

Constraints still easing for auto firms; companies wary of commodity prices as Chinese demand may push them up

Any proposal to boost manufacturing, demand would help sector and listed companies

Margins expected to bottom out; brokerages prefer category leaders

Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent on consumers, depending on the models. Besides tightening the labelling, the new norms also mandate separate star labelling for freezers and refrigerator provisioning units (storage part) of the frost-free models. "Now, we have to declare labelling for both. That is the new change," said Godrej Appliances Business Head and Executive Vice President Kamal Nandi told PTI. When asked about the price increase, he said: "In every energy efficiency tightening, cost inputs go up a little bit to achieve those efficiencies through better insulation and around 2-3 per cent price hike because of this will be happening, depending on various models and star ratings". Moreov

Worried over soaring COVID-19 cases in China, consumer durable makers are stocking up on raw materials to deal with contingencies in case their global supply chains are disrupted again. With Chinese New Year holidays starting from the third week of January, if the factories there are not able to resume full production in February when they open due to the COVID situation worsening, the Indian industry may once again face supply chain issues, experts said. The consumer durable makers normally maintain inventory for about a month, but they are now increasing it to cover at least 2-3 months. Any possible disruption may impact categories such as air conditioners and LED TV panels, where a high proportion of components are sourced from China. Leading electronics manufacturing firm Dixon Technologies said it is keeping its fingers crossed over the situation in China. "Till now the supply chain (from China) is fine and not impacted. Our suppliers are assuring us about delivering on time

Agrawal joins Surya from Luminous Power Technology Pvt Ltd, where he was senior vice president and responsible for the company's home electrical business

Shashank Srivastava, senior executive officer (sales and marketing) at Maruti Suzuki India, said that though higher retail loan rates could adversely impact demand, the industry would have to wait

Industry players say lockdown could have an impact on the supply of components used in consumer durables

While input costs have eased, lower volumes could impact margins

Consumer durables firm Whirlpool of India Ltd on Tuesday reported a decline of 88.13 per cent in its consolidated net profit at Rs 49.02 crore for the second quarter ended September 2022 on account of commodity headwinds and a one-time gain last fiscal. The company had posted a net profit of Rs 413.19 crore during the July-September period of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations was marginally up at Rs 1,611.54 crore. It was 1,607.10 crore in the September quarter of the last fiscal. Whirlpool of India's total expenses were at Rs 1,566.89 crore, up 3.33 per cent. Its profit after tax was down "mainly on account of rising commodity costs and inflation partially offset by cost-based price increases and cost productivity actions," Whirlpool of India said in an earnings statement. In the last fiscal, Whirlpool of India had acquired additional shareholding of 38.25 per cent in Elica PB I

In Q2FY23, Amber reported a net loss of Rs 2.3 crore as against profit of Rs 8 crore in the year ago period, dragged by fall in EBITDA margin and higher interest costs.

White goods have 25-75 per cent of their components coming from China, with air-conditioners being the most dependent on them with 75 per cent.

Televisions, microwave ovens, vacuum cleaners, washing machines are expected to drive the growth of the consumer durable industry during this festival season

Consumer durables industry coming back in terms after the setback of pandemic, says Vishal Bhola

Consumer durables maker Whirlpool of India on Thursday said it expects domestic washing machines market to grow in double digits in the next 2-3 years with a rise in demand for mid and premium products. However, the company's entry level segment is struggling at present. The company, which has forayed into the front load segment of washing machines with its new XpertCare range, is aiming to have a higher growth rate than the industry volume growth, Whirlpool of India Managing Director Vishal Bhola said. In the last two years, the market has been very volatile but the expectation is that in the next two to three years, the washing machines segment will grow in double digits, he said here in an interaction. The Indian washing machine market is estimated to be around 60 lakh units this year. For the company, he said, "We want to grow ahead of the industry." With Whirlpool of India entering into the front load washing machines category, which accounts for 30 per cent of the total mar

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

This will impact the flow of finished products into the Indian market, unlike last year, this impact will be felt post Diwali

Despite increasing margin pressure, the consumer durables sector is likely to witness a double-digit volume growth, pushing its revenue up by 15-18 per cent to Rs 1 lakh crore this fiscal, according to a report. According to the report, a 10-13 per cent spike in demand/volume, which will be driven by both urban and rural segments -- led mostly by the AC and refrigerator segments, though rural demand will come into play in the second half of the fiscal. The industry had crossed the pre-pandemic mark in value terms last fiscal, and this fiscal, it will scale past the pre-pandemic volume mark by 3 per cent, a Crisil report said on Wednesday. The Crisil report said a 10-13 per cent spike in volume will boost the top-line of the sector by 15 to 18 per cent this fiscal, taking past the size of the durables industry to over Rs 1 lakh crore, which will be 3 per cent above the pre-pandemic size. However, margins are under pressure given the run-away commodity prices of inputs like copper, .