Quote on Consumer Durables from Avinash Pathak, LKP Securities
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Below The Quote on Consumer Durables from Avinash Pathak, Research Analyst at LKP Securities.
"ECD companies in Q1FY24 saw healthy growth in revenue and profit, driven by B2B segment growth. However, B2C demand remained subdued due to factors such as a general consumption slowdown and relatively weak summer conditions. Despite short-term challenges, the industry remains optimistic about demand recovery, anticipating a strong H2 recovery in rural markets and stability in the input cost environment. Prospects remain positive on the industry's medium- to long-term prospects given macro tailwinds, low penetration for some of the categories, and category expansion opportunities for companies. Upcoming festive season is the key to watch for a boost in demand for consumer applications. Our coverage universe includes Havells, V-Guard and Crompton consumers and we remain positive on the same."
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