Festive season lights up consumer durables sector

Festive demand is estimated to have grown in the range of 7-9% year-on-year," noted Harshit Kapadia, an analyst at Elara Securities (India)..

This includes categories such as cables & wires, fans, switches, and lighting, he added..

In the case of fans, companies such as Havells India stand to benefit as they cater to the premium segment, where customers are less price-sensitive..

In a recent interaction with Dolat Capital Market, Orient Electric Ltds management said it expects its fans portfolio to be subdued in Q3 owing to a high base and the new BEE rules, and because demand for fans generally doesnt spike during the festive season. ..

As a result, Crompton's electrical consumer durables segment is anticipated to outperform the sector in Q3 FY24, with expected year-on-year growth of around 12-13%, akin to Q2 FY24," said Prabhudas Lilladher in a channel check update note..

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