External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<div><div><div><div><ul><li>While the overall consumer durables demand during the quarter stood moderate, the seasonal products such as fans, coolers, and AC witnessed some demand uptick in Jan’23 and Feb’23 in the anticipation of a strong summer season.</li><li>However, in the season category, volumes of fans got impacted due to higher channel inventory built-up in Q3FY23 ahead of the implementation of the BEE norms.</li><li>Moreover, the unseasonal rains impacted the demand momentum during Mar’23 which affected the volumes of RACs and Coolers. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

While the overall consumer durables demand during the quarter stood moderate, the seasonal products such as fans, coolers, and AC witnessed some demand uptick in Jan’23 and Feb’23 in the anticipation of a strong summer season.However, in the season category, volumes of fans got impacted due to higher channel inventory built-up in Q3FY23 ahead of the implementation of the BEE norms.Moreover, the unseasonal rains impacted the demand momentum during Mar’23 which affected the volumes of RACs and Coolers. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q4FY23 - Consumer Durables Preview