scorecardresearchCorrection in input prices are positive for consumer durable firms, says ICICI Securities

Correction in input prices are positive for consumer durable firms, says ICICI Securities

Updated: 11 Jul 2022, 08:02 AM IST
TL;DR.
In Q4FY22, the consumer durables sector reported better-than-expected growth in revenues at 15% YoY, despite being on a higher base (+41% YoY in Q4FY21) and pandemic-led supply disruptions.
ICICI Securities picked Havells and Crompton Greaves as their top picks and noted that the higher-than-expected rise in crude oil prices was a key risk for the industry.

ICICI Securities picked Havells and Crompton Greaves as their top picks and noted that the higher-than-expected rise in crude oil prices was a key risk for the industry.