The consumer durables sector's revenue in India is likely to grow 15-18 per cent to Rs 1 trillion in the current financial year on back of 10-13 per cent increase in volume, CRISIL said in a release
Hypercompetition, high-cost inventory, and volume-over-margins delay gains
Given raw material pressure, margin trend is another factor
The impact will be seen with a lag and will help only partially
The first of a four-part series looks at its impact on consumer durables
After two bad summers, the consumer durable sector is seeing signs of recovery this year. But the soaring inflation can cap the overall demand. Find out if you should bet on consumer durable stocks
The depreciating Indian rupee against the US dollar has put woes on manufacturers as imported components have become costlier, with the industry largely being dependent on imports for key components
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Consumer durable companies in India have stocked up on components, but inventory could start to dry-up from mid-May onwards.
CAIT said it is a myth that about 3,000 big brands of corporate houses are catering to the needs of the people of the country
The last of the five-part series looks at why durables companies are planning to raise prices by up to 15%
Freight costs had only recently started to stabilise, which were on the rise during the pandemic.
Consumer durables market is however expected to return to normal this summer as demand increases post omicron chill.
Volumes were also under pressure as consumers cut back spending on high inflation
Govt's PLI sops encourages Adani, Jindal to show interest in VIL's consumer durable business
Tata Consumer Products Ltd (TCPL) on Wednesday reported a 22.19 per cent jump in its consolidated net profit to Rs 290.07 crore for the third quarter ended December 31, 2021.
Consumer durables makers have also witnessed a slowdown in rural demand due to inflationary trends coupled with weak festive season sales
Prices of air conditioners and refrigerators have shot up in the new year as consumer durables makers pass on the impact of rising raw material costs and higher freight charges to customers
Long term growth prospects and valuations are key positives
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