Consumer durables see robust growth in 3QFY21

The revenue recovery was led by cooling products and Original Equipment Manufacturer (OEMs). The key drivers of growth during the quarter were pre-buying, pent-up demand, reduced restrictions on movement of people and improving sentiment.

Consumer durables industry posted a robust recovery in 3QFY21 with revenue/EBIT growth.

Cooling products saw a strong revival in 3QFY21 after a weak performance in the past three quarters.

Lighting returned to growth in 3QFY21 due to increased construction activity after a weak 1HFY21. Price hikes, which began in 2QFY21, supported margin expansion, and most players saw healthy EBIT growth.