Page 4 - Consumer Durables

Consumer-facing firms see no 'immediate impact' of RBI's rate hike

Shashank Srivastava, senior executive officer (sales and marketing) at Maruti Suzuki India, said that though higher retail loan rates could adversely impact demand, the industry would have to wait

Pharma, consumer durables sectors likely to feel China curb heat

Industry players say lockdown could have an impact on the supply of components used in consumer durables

Consumer durable demand outlook likely to remain weak in Q3FY23

While input costs have eased, lower volumes could impact margins

Whirlpool India Q2 profit down 88% to Rs 49 cr; revenue flat at Rs 1,611 cr

Consumer durables firm Whirlpool of India Ltd on Tuesday reported a decline of 88.13 per cent in its consolidated net profit at Rs 49.02 crore for the second quarter ended September 2022 on account of commodity headwinds and a one-time gain last fiscal. The company had posted a net profit of Rs 413.19 crore during the July-September period of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations was marginally up at Rs 1,611.54 crore. It was 1,607.10 crore in the September quarter of the last fiscal. Whirlpool of India's total expenses were at Rs 1,566.89 crore, up 3.33 per cent. Its profit after tax was down "mainly on account of rising commodity costs and inflation partially offset by cost-based price increases and cost productivity actions," Whirlpool of India said in an earnings statement. In the last fiscal, Whirlpool of India had acquired additional shareholding of 38.25 per cent in Elica PB I

Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

In Q2FY23, Amber reported a net loss of Rs 2.3 crore as against profit of Rs 8 crore in the year ago period, dragged by fall in EBITDA margin and higher interest costs.

China's zero covid strategy could impact India's consumer durable industry

White goods have 25-75 per cent of their components coming from China, with air-conditioners being the most dependent on them with 75 per cent.

Big ticket items driving growth in consumer durables this festive season

Televisions, microwave ovens, vacuum cleaners, washing machines are expected to drive the growth of the consumer durable industry during this festival season

Whirlpool India expects to grow ahead of industry in festival season: Exec

Consumer durables industry coming back in terms after the setback of pandemic, says Vishal Bhola

Whirlpool India expects washing machine market to see double-digit growth

Consumer durables maker Whirlpool of India on Thursday said it expects domestic washing machines market to grow in double digits in the next 2-3 years with a rise in demand for mid and premium products. However, the company's entry level segment is struggling at present. The company, which has forayed into the front load segment of washing machines with its new XpertCare range, is aiming to have a higher growth rate than the industry volume growth, Whirlpool of India Managing Director Vishal Bhola said. In the last two years, the market has been very volatile but the expectation is that in the next two to three years, the washing machines segment will grow in double digits, he said here in an interaction. The Indian washing machine market is estimated to be around 60 lakh units this year. For the company, he said, "We want to grow ahead of the industry." With Whirlpool of India entering into the front load washing machines category, which accounts for 30 per cent of the total mar

Analysts bet on consumer financiers as festive cheer perks up loan demand

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

China's zero-Covid move could hit India's white goods post festive season

This will impact the flow of finished products into the Indian market, unlike last year, this impact will be felt post Diwali

'Consumer durables sector revenue to rise 15-18% to cross Rs 1 trn in FY23'

Despite increasing margin pressure, the consumer durables sector is likely to witness a double-digit volume growth, pushing its revenue up by 15-18 per cent to Rs 1 lakh crore this fiscal, according to a report. According to the report, a 10-13 per cent spike in demand/volume, which will be driven by both urban and rural segments -- led mostly by the AC and refrigerator segments, though rural demand will come into play in the second half of the fiscal. The industry had crossed the pre-pandemic mark in value terms last fiscal, and this fiscal, it will scale past the pre-pandemic volume mark by 3 per cent, a Crisil report said on Wednesday. The Crisil report said a 10-13 per cent spike in volume will boost the top-line of the sector by 15 to 18 per cent this fiscal, taking past the size of the durables industry to over Rs 1 lakh crore, which will be 3 per cent above the pre-pandemic size. However, margins are under pressure given the run-away commodity prices of inputs like copper, .

Volume vault to lift consumer durables sector's revenue 15-18%, says CRISIL

The consumer durables sector's revenue in India is likely to grow 15-18 per cent to Rs 1 trillion in the current financial year on back of 10-13 per cent increase in volume, CRISIL said in a release

Consumer durables firms may have to wait until Q3 to find their sea legs

Hypercompetition, high-cost inventory, and volume-over-margins delay gains

Refrigerator import ban, volume recovery can help Whirlpool stay cool

Given raw material pressure, margin trend is another factor

Likely reduction in steel prices to offer relief to auto, consumer durables

The impact will be seen with a lag and will help only partially

A weak rupee spells more trouble for consumer durables companies

The first of a four-part series looks at its impact on consumer durables

Will summer cheer hydrate consumer durable stocks?

After two bad summers, the consumer durable sector is seeing signs of recovery this year. But the soaring inflation can cap the overall demand. Find out if you should bet on consumer durable stocks

Consumer durables to see 3%-5% price hikes amid costlier imports: Industry

The depreciating Indian rupee against the US dollar has put woes on manufacturers as imported components have become costlier, with the industry largely being dependent on imports for key components

Stocks to Watch: Tata Steel, HDFC, AEL, AWL, SpiceJet, Titan, BoB, NTPC

Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.