E-pack durables - ODM worth a serious look

AI Analysis

The consumer durables sector, particularly ACs, is experiencing strong demand and government support for domestic manufacturing, creating significant growth opportunities.

Trading Insight

Bullish for consumer durables manufacturers and their component suppliers.

Key Evidence

•Indian Consumer durables industry is poised to grow from c.1300 bn to c. 2500 bn Rs at 13.7% CAGR from 2023-2028.
•Significant growth projected from the RAC segment, estimated to grow at 15.7% CAGR in value.
•PLI scheme with c. 6500 cr has prompted many OEMs and ODMs to backward integrate.
•RAC market achieved domestic sales value of C. 250 bn Rs in FY23 with volumes reaching 8.4 mn units, substantially grown in FY24 due to heat wave conditions.
•Risk flag: Intense competition among OEMs and ODMs.

Affected Stocks

E-Pack Durables

Positive

Mentioned as an ODM worth a serious look in a growing industry.

VOLTASVoltas Ltd

Positive

Major OEM in the RAC segment, benefiting from industry growth.

BLUESTARCOBlue Star Ltd

Positive

Major OEM in the RAC segment, benefiting from industry growth.

Sectors:auto

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