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Nirmal Bang Report
After a weak Q1 FY21 owing to Covid-19 led lockdown, the consumer durables industry witnessed a healthy revival in Q2 FY21, led by pent-up demand.
The festive sales in October were also encouraging. However, considerable headwinds are emerging now which make the near term outlook challenging.
These headwinds include -
- steep rise in commodity prices
- higher transportation costs
- shortage of certain components and
- softening of demand.
The key tailwinds to watch out for are -
- how the disposable income and consumer spending pans out in FY22 and
- the intensity of upcoming summer season as majority of the listed companies have higher summer dependency.
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