Omicron big worry for consumer durable cos

December quarter (Q3FY22) results are likely to be subdued for consumer durables manufacturers, especially with regard to sales volume. Festive season volumes were somewhat lackluster, analysts pointed out. What is worse is that the demand outlook remains challenging.
Last year’s base is high owing to pent-up demand sales, which poses a challenge this time around. Additionally, price hikes by manufacturers may have hurt demand to some extent. The rising threat from the Omicron coronavirus variant has further dashed hopes of improved volume trajectory in the near future.