18
Aug
Consumer durables companies had a challenging first quarter of FY26, largely due to weak demand for summer products, as per a Union Bank of India Research report. The early arrival of the monsoon shortened the summer season, significantly impacting sales of cooling appliances like air conditioners and coolers, which dropped over 30% year-on-year. Sales of fans and refrigerators also saw double-digit declines. Overall, combined revenue of the tracked companies remained flat at ₹273 billion. Electrical companies fared better, with a 4% increase in sales to ₹166 billion, while durables declined 8% to ₹107 billion. Wires and cables showed strong growth,…
