Nirmal Bang: Consumer Durable Sector - Considerable Headwinds Emerging 
Customers shop for a washing machine at a store in Bengaluru. (Photographer: Namas Bhojani/Bloomberg)

Nirmal Bang: Consumer Durable Sector - Considerable Headwinds Emerging 

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.

Nirmal Bang Report

After a weak Q1 FY21 owing to Covid-19 led lockdown, the consumer durables industry witnessed a healthy revival in Q2 FY21, led by pent-up demand.

The festive sales in October were also encouraging. However, considerable headwinds are emerging now which make the near term outlook challenging.

These headwinds include -

  1. steep rise in commodity prices
  2. higher transportation costs
  3. shortage of certain components and
  4. softening of demand.

The key tailwinds to watch out for are -

  1. how the disposable income and consumer spending pans out in FY22 and
  2. the intensity of upcoming summer season as majority of the listed companies have higher summer dependency.

Click on the attachment to read the full report:

Nirmal Bang Consumer Durables Sector Update - 14 December 2020.pdf


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.

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