Consumer Durables Q1 Results Preview - Healthy Demand, Driven By Season: Prabhudas Lilladher

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Consumer durables sector experienced healthy demand during Q1 FY25 led by room AC/cooler/fan with the severe summer driving secondary as well as primary sales. Within the RAC segment, brands have increased prices by 2- 3% and also benefited from the low inventory levels in channels, particularly favoring Voltas and Lloyd according to our channel checks. Fan companies have also increased prices by ~5% in the last couple of months. In Q1 FY25, the wires and cable segment continued to outperform, driven by strong cable demand. However, the wire segment saw slower growth due to a high base, higher copper and aluminum prices, and increased realisations. We expect our consumer durables universe to register sales/Ebitda/profit after tax growth of 14.5%/21.0%/20.6% YoY in Q1 FY25. Furthermore, we anticipate Polycab, Havells and Voltas to outperform, while Bajaj Electricals may underperform in sales. In terms of profitability, Havells and Voltas are expected to outperform..We continue our positive view on W&C companies with a healthy growth and return profile and continuously expanding opportunity market. RR Kabel continues to be our top pick, followed by Polycab. UCP segment witnessed strong growth during the summer season led by increased demand. However, considering the upcoming weak season and the higher valuation for Voltas, we downgrade the stock to Reduce from Hold..Click on the attachment to read the full report:.IT Services, Internet, BPO, KPO Q1 Preview- Seasonality Led Growth; Hike, Visa Costs To Hit OPM: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Consumer Durables Q1 Results Preview - Healthy Demand, Driven By Season: Prabhudas Lilladher

Harsh summer season elevated demand for room AC

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Consumer Durables Q1 Results Preview - Healthy Demand, Driven By Season: Prabhudas Lilladher

Harsh summer season elevated demand for room AC

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