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
Hemanth Kumar
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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
