2025-26年,由于早期季风需求下降,印度电器销售增长放缓至5-6%,但GST的削减将推动下半期的前景。 Indian appliance sales growth slows to 5-6% in 2025-26 due to early monsoon demand drops, but a GST cut boosts second-half outlook.

印度大型电器制造商预计收入增长放缓,从上一年的16%降至2025-26年的5-6%,因为冷却产品的早期季风需求下降,造成收入下降,但1 000个基点对空调和大型电视机的GST截断预期会将增长的二分之一提高到11-13%。 Indian large appliance manufacturers are projected to see revenue growth slow to 5-6% in 2025-26 from 16% the prior year, hurt by early monsoon-related demand drops for cooling products, but a 1,000 basis point GST cut on ACs and large TVs is expected to boost second-half growth to 11-13%. 冷藏机销售可能随着对大型型号的需求而反弹,而洗衣机增长稳定在7-8%。 Refrigerator sales may rebound with demand for larger models, while washing machine growth remains steady at 7-8%. 由于原材料成本和竞争不断上升,预计业务利润将下降至7.1-7.2%,尽管信贷概况保持稳定。 Operating margins are forecast to dip to 7.1-7.2% due to rising raw material costs and competition, though credit profiles stay stable. 尽管价格持续波动和竞争压力,资本支出增加,特别是在新的进口规范出台之前的空调公司资本支出增加,长期增长潜力依然存在。 Increased capital spending, especially in ACs ahead of new import norms, and long-term growth potential remain, despite ongoing price volatility and competitive pressures.