Havells, Dixon, PG Electroplast — Nirmal Bang's Top Stock Picks In Consumer Durables; Q1 Results Preview

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Nirmal Bang Report

Consumer durables and consumer electricals are expected to witness margin contractions of 130bps and 8.9bps YoY, respectively. Despite this, non-cooling categories such as water heaters and solar products continue to show healthy traction.

Overall, we expect another strong quarter from Polycab and Dixon, whereas Voltas, Crompton, and Whirlpool are likely to report muted performance.

Within segments, Polycab (wires and cables) along with Dixon and Amber are expected to outperform on both revenue and profitability, whereas Voltas may disappoint on the sales front.

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