Consumer Durables Channel Checks -  Pent-Up Demand Not Comparable To Last Year: Nirmal Bang

A customer browses  goods on display in the retail outlet in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Consumer Durables Channel Checks - Pent-Up Demand Not Comparable To Last Year: Nirmal Bang

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.

Nirmal Bang Report

Our channel checks across major Indian cities indicate that business sentiment has still not improved meaningfully across product categories.

Although the vaccination program has picked up pace, still there are fears of a possible third Covid-19 wave among the channel partners, leading to low stocking.

Pent-up demand is not equal to last year’s level and business-to-business demand is recovering with a gradual opening up.

There are expectations of demand revival in the upcoming festive season.

The air conditioner segment saw strong offtake in July 2021 due to the extended summer season, which would have resulted in inventory level normalising, in our view.

Click on the attachment to read the full report:

Nirmal Bang Consumer Durables Sector - Channel Checks Update.pdf

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