The Indian consumer durable sector is expected to continue its double digit growth momentum this fiscal, driven by sustained urban demand and expected pickup in rural demand.
While intense heat waves this summer boosted the sales of cooling appliances like air conditioners and refrigerators, the upcoming festive season is expected to drive further growth, fueled by optimistic consumer sentiment and increasing rural spending.
Further, premiumization trend shall continue in this segment, led by increasing aspirations, changing lifestyle and greater adoption of easy finance schemes.
The financial risk profile of organized consumer durable players remains strong, with robust capital structure and healthy liquidity. Benign raw material prices, combined with benefits of operating leverage and minor price hikes, are expected to support profitability. However, with a significant portion of raw materials being imported, consumer durable companies would look to mitigate any supply chain disruptions risks.
In this context, Crisil Ratings is hosting a webinar on October 25, 2024, to analyse sectoral trends and share their views on:
Trends in each category of appliance
Key demand drivers
Revenue growth and profitability expectations
Credit outlook
The session will be followed by a panel discussion by industry experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of Crisil. Any use of the same without written permission of Crisil is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
