4Q has seen positive demand environment despite pre-buying in Dec & multiple rounds of price hikes (commodity inflation). We expect consumer durables universe to register healthy growth rates and end the year on a high given 1) positive consumer sentiment, more so in rural India 2) soaring temperatures aiding cooling products portfolio 3) share gains by large organized players and 4) low base in 4Q20 due to complete lockdown impact. We expect Sales/EBITDA/PBT/Adj. PAT growth of 34.3%/ 56.8%/ 58.8%/ 52.6% across our coverage universe. Commodity prices continued to show...