Consumer Durables Q2 Preview - Growth Recovering; Higher Raw Material Costs Impact Margins: Axis Securities

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..Axis Securities Report.Business sentiments have improved with economic unlocking and increasing vaccination. Demand across categories have been witnessing strong traction with the re-opening of markets and retails outlets along with permission for more hours for operations. Distributors and channel partners are stocking up to capitalise on this recovery and strong demand expected in the upcoming festive season.Demand recovery was seen during the quarter post unlocking. Our channel checks indicated strong demand in July 2021 (especially room air conditioners) due to the extended summer in North India and a demand uptick during the Onam festival in South India. Dealer check indicated that demand across categories such as air conditioners, televisions, washing machines, refrigerators, cables and wires, and other fast moving electrical goods witnessed an uptick despite price hikes during the past two quarters..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

Consumer Durables Q2 Preview - Growth Recovering; Higher Raw Material Costs Impact Margins: Axis Securities

Consumer Durables Q2 Preview - Growth Recovering; Higher Raw Material Costs Impact Margins: Axis Securities

Choose a plan