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.
Denne historien er fra September 28, 2024-utgaven av Business Standard.
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Denne historien er fra September 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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