Care Ratings: Consumer Durables - First Half FY21 Review
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Care Ratings Research Report
Consumer Durables, as defined under Index of Industrial Production includes cooking appliances, air conditioners, television sets among other products.
Consumer durables index saw a YoY fall of 39.1% for the period of H1 FY21 in comparison with a fall of 5.1% in H1 FY19.
This decline in first half of FY21 reflects the impact of nationwide lockdown and consequent fall in consumer demand.
Surrounded by uncertainties due to Covid-19 and with reduced income in their hands, consumers became prudent in terms of spending their money for discretionary items.
Interestingly, some of the products reported nil sales during the month of April 2020.
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