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Unseasonal rains to impact performance of consumer durables in Apr-Jun qtr

Results of consumer durables to be a dampener despite some green shoots, say brokerages

PLI, Product-linked scheme, electronics, manufactuing, consumer durables, air conditioners, white goods, led lights

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The brokerage also expects the revenues of a few companies to get a leg-up on YoY basis as they opt for the government’s production-linked incentive (PLI) scheme

Sharleen Dsouza Mumbai

3 min read Last Updated : Jul 17 2023 | 8:52 PM IST

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Unseasonal rains watered down the performance of consumer durables companies as temperatures cooled, impacting the sales of refrigerators and air conditioners (ACs) in the 2023-24 (FY24) April-June quarter.

Centrum says in its report on the sector that the trade channel indicates a 25-30 per cent year-on-year (YoY) decline in sales of refrigerators and ACs in April and May due to restricted buying.

“While some green shoots in demand were visible in June, overall growth for the quarter is likely to remain at a negative 10–12 per cent,” observes the brokerage.

The brokerage also says that demand remains impacted in semi-urban

Topics : Consumer Durables Unseasonal rains Q1 results

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