Quote on outlook for FY24 AC Industry By Avinash Pathak LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the quote on outlook for FY24 AC Industry from Avinash Pathak, Research analyst at LKP Securities.
The room ACs industry volume is expected to grow further in FY24 supported by an under penetrated market and expected harsh summers this year. Earlier healthy growth seen during FY23 due to the extended and intense summer and pent up demand. The industry has significant growth potential considering its low penetration of around 9-10% of total urban households, compared to much higher percentages in developed countries. Increasing urbanisation, growing disposable income, improving consumer finance availability and increasing RACs per household are further expected to support volumes as well as growth.
Above views are of the author and not of the website kindly read disclaimer
Top News
Stock Pick of the week
More News
Quote on JP Morgan announces inclusion of Indian Government Bonds in the JP`s Emerging Marke...
