Price hikes likely in consumer durables in March-April
Price hikes likely in consumer durables in March-April
Last Updated: Wed, Mar 17th, 2021, 09:35:36hrs
New Delhi: With a strong uptick in commodity prices, there exists a possibility of price hikes in consumer durables towards the end of March or beginning of April, as per Motilal Oswal Institutional Equities.
"Our channel checks suggest that underlying retail sales are yet to pick up meaningfully (or match primary sales), but the confidence level is good among dealers, especially for Cooling products. The possibility of a price hike in April could lead to strong primary sales for brands by the end of March, a similar phenomenon which happened towards the end of December 2020," the report said.