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Consumer durables' near-term appears hazy, says Edelweiss; earnings recovery not anytime soon

Updated : July 03, 2020 04:15 PM IST

Demand revival can be seen in tier 2-3 cities as inventories are normalising and brands are prioritising profitability and not resorting to heavy discounts.
The brokerage also highlighted the headwinds that lay ahead for the sector, like fall in consumer financing by NBFCs, down-trading by consumers, margin pressure and tepid demand environment.
Consumer durables' near-term appears hazy, says Edelweiss; earnings recovery not anytime soon

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