Consumer Durables Sector Update: Dolat Capital
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Dolat Capital Report
Consumer Durables have continued to rise in valuations, moving from the 30-50 times range to 40-60 times range depending on the company, product and brand, given the strong growth embedded in this sector due to under penetration across products, at varying levels.
Companies continue to see strong growth, improve margins, gain market share, increase prices, incentives like production linked incentive and have a sanguine outlook for the future.
However, we take a closer look at three global trends which could be a potential risk to the sector- rising copper prices, chip shortages and to a lesser extent container shortage.
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