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.
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