Electrical and kitchen appliances industry to report 8-10% revenue growth in FY23: Crisil
The resilience is underlined by limited cyclicality in demand and relatively smaller ticket sizes of purchases compared with consumer durables. Even as prices of key raw materials--copper, aluminum, steel, and polypropylene--surged last fiscal, stable demand enabled companies to pass on increases in raw material prices to a large extent
NEW DELHI: The organised electrical and kitchen appliances industry is expected to report 8-10% growth this fiscal, driven by greater consumer preference for branded products, according to a note by Crisil Ratings.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more