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