August has seen double-digit growth across the large appliances and electronics segments.
Most brands have avoided price increases as commodity prices are stable. The average selling prices for large appliances has increased by 14 per cent as demand for premium products have been driven by no-costs monthly instalments.
Independence week has seen holding 40-45 days of inventory going into the festival season.
Brands like Voltas-Beko, Lloyd and Whirlpool are doing better apart from LG, which is the market leader in the large appliances category. Industry revenue has risen above the long-term average, due to the heatwave.
The aggregate Q1FY25 revenue for the consumer durables sector rose about 24 per cent year-on-year (Y-o-Y). The long-term growth rate is 13 per cent, aided by a low base.
The aggregate gross margin improved slightly, with better product mix and stronger double-digit footfalls, reckoned to operating leverage play, leading to be the best in three years.
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