Demand slowdown across segments and pre-buying in cooling products in the June quarter are expected to weigh on revenues going ahead.
In addition to pre-buying in the preceding quarter, demand conditions are soft on account of lower consumer spending due to inflationary conditions, weakness in rural demand and the fact that Q2 remains a soft quarter after a strong summer. At the start of the festival season, Onam saw soft demand conditions in Kerala.
After broad-based growth in the June quarter, demand is expected to recover in the second half of FY25. Nuvama Research believes that the fans' category growth remains on the expected trajectory. However, with the expectation of BEE 2.0 ratings, there could be a temporary impact on the fans' portfolio, given product rejig, channels and prices.
この記事は Business Standard の September 28, 2024 版に掲載されています。
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この記事は Business Standard の September 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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