Consumer Durables Q3 Earnings Preview - Pricing-Led Growth; Margin Pressure Continues: 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
The overall demand sentiment improved around and post the festive season. However, some moderation in demand was observed in late November and December 2021.
Wires and cables witnessed higher value growth, while volume growth remained subdued. Higher growth was seen in smaller appliances and seasonal products like water-heaters, air-purifiers. Channel checks indicated 4-5% growth in fans during the quarter.
For room air conditioner’s, the preference for fixed speed Ac’s continues to be high. While most RAC brands have taken price hikes during the quarter, it may impact demand going forward.
For LED lighting, the demand traction remained strong during the festive season but pricing growth outpaced volume growth.
Click on the attachment to read the full report:
This 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.