Consumer Durables - Lower Stocking Due To Fear Of Third Covid-19 Wave; Price Hike Imminent: Nirmal Bang

Home appliances are displayed for sale at an appliance store in San Jose. (Photographer David Paul Morris/Bloomberg).

Consumer Durables - Lower Stocking Due To Fear Of Third Covid-19 Wave; Price Hike Imminent: 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 17 major Indian cities indicate that business sentiment is low and possibility of a third Covid-19 wave has led to reduced stocking by dealers.

Weak business sentiment and poor off-take from rural areas have resulted in muted business activity in June 2021.

Pick-up in the vaccination program may give boost to business sentiment in the near term.

The Air Conditioner segment has seen poor off-take in June-21 and inventory levels remain high in the system.

April-May-21 saw muted business activity due to lock-down. Business activity has picked up in June-21 with gradual unlocking.

Click on the attachment to read the full report:

Nirmal Bang Consumer Durables Sector - Channel Checks Update - 28 June 2021.pdf

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