Consumer Electricals - Demand Scaling Back; Commodity Costs Remain Elevated: Motilal Oswal
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.
Motilal Oswal Report
With consumer electrical and durable companies having reported their Q1 FY22 results, and post the conclusion of the Onam festival in Kerala, we have analysed some important trends for the entire sector. Here are the key highlights:
While April–May 2021 sales were muted due to the lockdowns, consumer electrical companies posted healthy sales in June 2021.
While the base year was modest, the two-year revenue compound annual growth rate for consumer electrical companies stood flat to -14% – Havells India Ltd.’s core business outperformed with a flat two-year revenue CAGR.
For white goods, the two-year revenue CAGR range stood in the range of -10% to -30%, with room air conditioner companies affected the most due to the washout summer season.
Post June, demand has been robust for electricals, while the real test for white goods would be the upcoming festive season.
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.