Goldman Sachs maintains a positive outlook for the consumer durables sector, projecting accelerated demand growth in FY26, driven by real estate tailwinds. The brokerage expects premiumization to continue across various categories, coupled with an increase in domestic manufacturing.
Among key players, Crompton Greaves stands out for its strong positioning in highly penetrated categories, making it highly leveraged to the ongoing real estate upcycle. Havells India is highlighted for its diversified portfolio, which is expected to benefit from rising premiumization trends in the sector.
Goldman Sachs also foresees sustained demand momentum for air conditioners, despite a high base, emphasizing robust market dynamics across the sector.
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Havells