Consumer Durables Channel Check - June Demand Bounces Back, Sustenance Key: Prabhudas Lilladher
A customer views a refrigerator displayed for sale at the Home Appliance store. (Photographer David Paul Morris/Bloomberg)

Consumer Durables Channel Check - June Demand Bounces Back, Sustenance Key: Prabhudas Lilladher

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Prabhudas Lilladher Report

We interacted with channel partners covering key markets to ascertain demand trends across product categories during the quarter.

Our key observations are:

1. demand momentum sustained till mid-April

2. May was less impacted than last year as lockdowns were state specific and markets/e-com deliveries remained operational in few states

3. post unlock in June, demand intensity was strong in initial days before fizzling out towards the end

4. channel expects intensity of pent-up demand to be weaker versus last year

5. delayed onset of monsoon in North aided sale of seasonal products

6. Indication of 5%-7% price hikes across products categories in July and

7. despite lockdowns channel inventory remains comfortable at near 2019 levels.

Click on the attachment to read the full report:

Prabhudas Lilladher Consumer Durables Sector Update.pdf

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