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Nirmal Bang Report
Revenue growth for capital goods and consumer durables sector in Q2 FY23 is expected to grow by ~18.5% YoY, backed by strong order booking and festive season.
While the consumer durables segment is expected to have witnessed strong growth across various categories like washing machine, refrigerators, kitchen appliances, etc. post Onam, demand for the consumer electricals segment is likely to remain muted in Q2 FY23 on account of dealer/distributor destocking following a steep correction in copper prices from April-May 2022 highs.
Growth momentum for the capital goods segment is expected to continue on the back of strong order booking. Capital goods and consumer durables sectors are expected to show margin improvement on account of lower commodity cost pressures and easing of supply chain constraints.
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