ICICI Securities: White Goods Sector Check - Diversified Players Bigger Beneficiaries Of Government Incentives
A customer views a refrigerator displayed for sale at the Home Appliance store (Photographer David Paul Morris/Bloomberg)

ICICI Securities: White Goods Sector Check - Diversified Players Bigger Beneficiaries Of Government Incentives

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Government has announced spate of incentives to push consumer spending.

Amongst the same, the cash for leave travel concession can particularly boost sales of white goods as the ticket size of the spend and eligibility best fit the industry.

The definitive thesis remains that diversified players are better placed to capture this benefit.

Special festive package announced by ministry of finance will provide an interest free cash advance of Rs 10,000 to all central government employees.

Government has estimated loans worth Rs 40 billion to be disbursed and Rs 40 billion if 50% of states follow the suit.

Uttar Pradesh government has approved Rs 19.6 billion in the form of special festive package and LTC cash voucher scheme.

Click on the attachment to read the full report:

ICICI Securities White Goods Sector Update.pdf

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