Page 3 - Consumer Durables

Downgrades may pressure Voltas stock, QCO norms could impact sales

While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend "Buy/ Accumulate" in expectations of strong overall growth through FY26

Consumer durables firms see double-digit growth on festive shopping

Volume growth is expected to be in the range of 10-12 per cent

Tailwind ahead for consumer durables sector during festival season

There are hopes of better offtake and margin gains

Analysts bet on these consumption pockets ahead of the festive season

Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months

Consumer durable co Eureka Forbes Q1 net profit rises 28.5% to Rs 25.44 cr

Eureka Forbes, a consumer durable maker which operates in the health and hygiene space, on Tuesday reported a 28.48 per cent increase in its consolidated net profit at Rs 25.44 crore in the June quarter. It had reported a net profit of Rs 19.80 crore in the April-June period a year ago. However, its revenue from operations was down 4.06 per cent to Rs 504.81 crore in the first quarter of the ongoing fiscal as against Rs 526.22 crore in the year-ago period, Eureka Forbes said in a regulatory filing. "This represented a sequential improvement in the trajectory of the business," said an earnings statement from Eureka Forbes. Total expenses of Eureka Forbes, which was earlier owned by construction major Shapoorji Pallonji and Company, was at Rs 471.17 crore in the first quarter of FY 2023-24. "During the quarter, the company's net debt stood at Rs 32 crore, a reduction of 85 per cent year-on-year," it said. Last year, Advent International-backed Lunolux acquired the majority stake in

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

Untimely rains dent summer sales; to keep durable stocks in check: Analysts

Analysts expect the stocks to remain weak in the near-term as lower sales offtake will lead to companies missing their earnings estimates for the April-June quarter (Q1FY24)

Consumer durables companies' Q4 performance dampened by unseasonal rain

Industrial demand buoyant during Jan-March period

Consumer durables in IIP down 4% in FY23 compared to pre-covid FY20

Segment falls 12% in FY23 over that in FY19 due to muted demand

Analysts see more upside in consumer appliance stocks as temperatures soar

White goods stocks: With the mercury currently on the boil, analysts remain bullish on the sector as they see more upside over the near-term and advise investors to pick stocks selectively

With rising mercury across India, sales of white goods pick up finally

According to consumer durable retailers and manufacturers, orders for compressor-driven products are on the rise, especially in northern India

Consumer durable firm Haier aims Rs 10,000 cr turnover in next two years

Consumer durable firm Haier India on Wednesday said it is targeting a turnover of Rs 10,000 crore in the next two years. Haier, which had closed last year at Rs 6,000 crore, expects a "growth of 40 per cent and 30 per cent in revenue in the years 2023 and 2024, respectively," said a statement from the company. With its strong presence in refrigerators and washing machines, Haier India plans to take lead in air conditioners and TVs as their next biggest growth drivers for the Indian market, it added. Haier India's market outlook is backed by the persistent commitment to product innovation and building manufacturing excellence in the industry, the company said. By "leveraging a strong research arm to assimilate market feedback and technology-driven solutions by global R&D", Haier India has built the widest portfolio of home appliances in the consumer durable industry. "In line with customer demands, Haier has constantly brought the best-in-class products to India by consistently ...

Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Early summer to boost white goods, premium segment to grow in double digits

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand

Supply chains back to pre-Covid levels for consumer durable firms

Constraints still easing for auto firms; companies wary of commodity prices as Chinese demand may push them up

Budget measures key trigger for consumer durable firms battling high prices

Any proposal to boost manufacturing, demand would help sector and listed companies

Valuations, growth hopes to limit downsides for white goods firms

Margins expected to bottom out; brokerages prefer category leaders

Refrigerator prices may rise up to 5% as BEE labelling norms kick in

Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent on consumers, depending on the models. Besides tightening the labelling, the new norms also mandate separate star labelling for freezers and refrigerator provisioning units (storage part) of the frost-free models. "Now, we have to declare labelling for both. That is the new change," said Godrej Appliances Business Head and Executive Vice President Kamal Nandi told PTI. When asked about the price increase, he said: "In every energy efficiency tightening, cost inputs go up a little bit to achieve those efficiencies through better insulation and around 2-3 per cent price hike because of this will be happening, depending on various models and star ratings". Moreov

China Covid crisis: Consumer durable makers stocking up on inventories

Worried over soaring COVID-19 cases in China, consumer durable makers are stocking up on raw materials to deal with contingencies in case their global supply chains are disrupted again. With Chinese New Year holidays starting from the third week of January, if the factories there are not able to resume full production in February when they open due to the COVID situation worsening, the Indian industry may once again face supply chain issues, experts said. The consumer durable makers normally maintain inventory for about a month, but they are now increasing it to cover at least 2-3 months. Any possible disruption may impact categories such as air conditioners and LED TV panels, where a high proportion of components are sourced from China. Leading electronics manufacturing firm Dixon Technologies said it is keeping its fingers crossed over the situation in China. "Till now the supply chain (from China) is fine and not impacted. Our suppliers are assuring us about delivering on time

Jitendra Agrawal new CEO of Surya Roshni's lighting, consumer durables biz

Agrawal joins Surya from Luminous Power Technology Pvt Ltd, where he was senior vice president and responsible for the company's home electrical business