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Consumer durables industry may contract 12-15% in FY21: Godrej Appliances


Godrej Appliances on Thursday said the consumer durables industry is likely to contract 12-15 per centin 2020-21, compared to the previous year mainly due to the loss witnessed in June quarter and the worst hit was the air conditioner segment.
Talking to reporters at a virtual press conference, Godrej Appliances Business Head and Executive Vice President Kamal Nandi said the company too faced challenges because of the unprecedented rise in commodity prices all across, which resulted in huge rise in input costs in air conditioners and refrigerators.
Roughly at an industry level we re expecting about 12-15 per cent de-growth at an overall level. And the worst hit has been the air conditioner segment, which is expected to de-grow somewhere around 30-35 per cent. And the reason behind this is the loss in first quarter, which contributes about 35-40 per cent to the overall revenue, he said. ....

Madhya Pradesh , Kamal Nandi , Godrej Appliances , Godrej Appliances Business Head , Executive Vice President Kamal Nandi , மத்யா பிரதேஷ் , கமல் நந்தி , கோதுரேஜ் உபகரணங்கள் , கோதுரேஜ் உபகரணங்கள் வணிக தலை , நிர்வாகி துணை ப்ரெஸிடெஂட் கமல் நந்தி ,

Consumer durables industry may contract 12-15 pc in FY21: Godrej Appliances


Consumer durables industry may contract 12-15% in FY21: Godrej Appliances
Godrej Appliances Business Head and Executive Vice President Kamal Nandi said the company too faced challenges because of the unprecedented rise in commodity prices all across, which resulted in huge rise in input costs in air conditioners and refrigerators.
Godrej Appliances on Thursday said the consumer durables industry is likely to contract 12-15 per cent in 2020-21, compared to the previous year mainly due to the loss witnessed in June quarter and the worst hit was the air conditioner segment.
Talking to reporters at a virtual press conference, Godrej Appliances Business Head and Executive Vice President Kamal Nandi said the company too faced challenges because of the unprecedented rise in commodity prices all across, which resulted in huge rise in input costs in air conditioners and refrigerators. ....

Madhya Pradesh , Kamal Nandi , Godrej Appliances , Godrej Appliances Business Head , Executive Vice President Kamal Nandi , மத்யா பிரதேஷ் , கமல் நந்தி , கோதுரேஜ் உபகரணங்கள் , கோதுரேஜ் உபகரணங்கள் வணிக தலை , நிர்வாகி துணை ப்ரெஸிடெஂட் கமல் நந்தி ,