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22 Sep 2022
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Consumer Durables
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ICICI Securities Limited
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Sector Update
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While we model EBITDA margin expansion for the sector in H2FY23 due to steep correction in input prices.
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21 Sep 2022
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Consumer Durables
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ICICI Securities Limited
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Sector Update
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MRF Paints, a 100% subsidiary of MRF Ltd, has a 0.7% share of the paint market in India in FY22 and is largely focused on the southern region of the country.
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09 Sep 2022
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Consumer Durables
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ICICI Direct
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Sector Update
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07 Sep 2022
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Consumer Durables
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ICICI Securities Limited
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Sector Update
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The repainting cycle is shrinking rapidly. The consumers want to repaint their houses even if there are smaller functions such as birthdays.
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24 Aug 2022
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Consumer Durables
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BOB Capital Markets Ltd.
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Sector Update
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Consumer durables sector to post sustained volume growth of 5-14% over five years, per Crisil. ACs to grow fastest at ~14%, TVs slowest at ~5%
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23 Aug 2022
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Consumer Durables
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ICICI Securities Limited
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Sector Update
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The tile & bathware companies under our coverage reported better-than-expected revenue/EBIDTA performance in Q1FY23 aided by continued strong demand from tier-2, tier-3 & below cities.
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19 Jul 2022
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Consumer Durables
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Axis Direct
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Sector Update
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Q1FY23 - Earnings Preview - Consumer Durables
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08 Jul 2022
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Consumer Durables
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ICICI Direct
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Sector Update
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07 Jul 2022
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Consumer Durables
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Prabhudas Lilladhar
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Sector Update
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06 Jul 2022
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Consumer Durables
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ICICI Securities Limited
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Sector Update
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Copper, steel and aluminium prices have corrected 21%, 19% and 36%, respectively, in the past three months. We expect the decline in input prices to provide margin tailwinds in H2FY23. We believe it will also provide a much-needed breather from raising selling prices after increasing prices by 20%+ in the past two years.
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