View on Consumer Durable sector by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below are Views on Consumer Durable sector by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 2HFY21, We saw strong growth momentum on back of pent up demand for home appliances and pre-buying (due to rising commodity price). Further we have seen organised players are gaining market share from unorganised players due to liquidity issues post covid which would continue going ahead. However, there will be an impact on demand in 1QFY22 due to the second Covid wave (resulting in lockdowns, market closures and logistics challenges). We expect, mid-term outlook for the consumer electricals industry continues to be optimistic with increased adoption and shorter replacement cycles, driven by increased work-from-home and shift to energy-efficient products.
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