Capital Goods And Consumer Durables Sector Q3 Earnings Preview: Business Recovery On Track, Says Nirmal Bang 
Employees work on the outdoor units of split system air conditioners on an assembly line at the Daikin Air Conditioning India Pvt. factory in Neemrana, Rajasthan, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Capital Goods And Consumer Durables Sector Q3 Earnings Preview: Business Recovery On Track, Says Nirmal Bang 

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Nirmal Bang Report

Recovery in business operations witnessed in Q2 FY21 also continued in Q3 FY21 as most of the companies are now operating at nearly 100% of the pre-Covid-19 levels.

The business-to-consumer sales momentum for consumer durables and electricals industry continues to hold post the festive season.

However, the quarter also witnessed challenges such as steep rise in commodity prices, higher transportation costs (both overseas ocean freight and domestic transport) and shortage of certain imported components.

The rise in costs has led to price hikes across product categories in 5% to 20% range, which will be visible at the secondary sales level from Q4 FY21 onwards.

Click on the attachment to read the full report:

Nirmal Bang 3QFY21 Capital Goods Consumer Durables Sector -Q3FY21 Result Preview-7 January 2021.pdf

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