Consumer Electricals - ECD Demand Revival Underway; Moderation In Cables, Wires A Blip: Systematix

Despite general elections, volume growth in cables continued to outpace wires, says the brokerage.

Washing machines on display inside Vijay Sales store in Mumbai. (Source: Usha Kunji / NDTV Profit)

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Systematix Research Report

Electrical consumer durable products are seeing green shoots of demand revival; after revival in fans volume, companies expect demand uptick in small domestic appliances during festivals (Q3).

Our sanguine outlook on the cables and wires industry factors in continuing healthy traction in infrastructure and housing activities; premium valuation after significant re-rating in the last few years would sustain backed by strong growth and potential of earnings upgrade.

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Systematix Consumer Electricals - Sector Update.pdf
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Also Read: Q1 FY25 Results Review - Domestic Cyclicals Ignite Resilience; OMCs Temper Corporate Earnings: Motilal Oswal

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