Care Ratings: Consumer Durables - First Half FY21 Review  
Customerslook at televisions at a retail showroom in the Jayanagae area in Bangalore(Photographer Namas Bhojani/Bloomberg)

Care Ratings: Consumer Durables - First Half FY21 Review  

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Care Ratings Consumer Durables Update H1FY21.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.