Dalal Street Investment Journal – July 20, 2019

64 DALAL STREET INVESTMENT JOURNAL I JULY 22 - AUG 4, 2019 DSIJ. in^

Financial Review For FY19

Consumer Durables

Company Name

Market Cap

(` in Cr.)

Net Sales (` in Cr.) Operating Profit (Excluding OI) (` in Cr.) Net Income (` in Cr.)

FY19 FY18 FY17 FY19 FY18 FY17 FY19 FY18 FY17

T

he technology wave has hit the consumer durables

sector favourably and landed it in the sweet spot.

With growing disposable incomes in the hands of

Indian citizens, electronic items that were once

considered luxury goods for a long period of time

have become basic necessities of sorts today. The consumer

durables sector is one of the most lucrative and fast-growing

sectors in India. The Indian consumer durables sector includes

a wide range of household and industrial electronics. To talk

about a few, air conditioners, televisions, washing machines,

refrigerators, laptops, and personal computers, etc. comprise

the consumer durables sector.

A little over 65 per cent of the total revenue for the sector is

generated from the urban population. The rural market only

contributes 33 per cent to the total sales of the sector, but soon

this could witness a positive change with the government’s plan

to invest significantly in rural electrification. Owing to multiple

government initiatives towards urbanisation and transmission

network augmentation, electric supply channels have covered

the previously unserved and underserved regions of the

country.

The consumer durables market is directly linked to the

discretionary incomes in the hands of the end-consumers. With

the high rate of urbanisation in the country, the need for

domestic goods has risen, coupled with the changing lifestyles

of the people that create more demand for consumer durable

goods. The consumer durables market portrays a huge potential

to develop at a rapid rate in the near future in India with the

Voltas 20370.92 7124.07 6427.87 6095.02 611.71 662.64 566.89 565.70 574.10 539.11
Whirlpool Of India 20047.02 5397.65 4985.83 4360.38 642.17 560.00 488.84 407.05 350.67 310.49
Crompton Greaves Con. Electricals 14556.00 4478.91 4105.12 4016.67 585.79 531.04 484.64 402.52 323.79 283.17
TTK Prestige 9414.25 2106.91 1871.35 1745.14 292.02 247.44 214.50 192.35 263.49 150.65
Symphony 8476.69 844.00 798.00 764.76 132.00 220.00 198.59 91.00 193.00 166.29
Blue Star 7211.50 5234.84 4648.13 4422.23 346.54 265.90 222.41 209.15 146.15 121.96
Bajaj Electricals 5266.23 6679.41 4716.39 4298.26 340.10 293.44 242.76 155.97 94.19 107.66
IFB Industries 2997.99 2659.15 2261.86 1919.12 126.89 158.72 100.65 71.08 79.28 51.55
Amber Enterprises India 2570.13 2751.99 2128.08 1644.40 212.86 183.54 128.58 94.77 62.31 27.90
Dixon Technologies (India) 2481.33 2984.45 2841.63 2457.02 134.87 112.69 91.23 63.35 60.90 47.57
Tejas Networks 1212.78 900.32 749.80 874.63 196.21 152.88 163.80 147.24 106.52 92.98
KDDL 494.43 624.22 503.18 458.44 65.45 44.21 24.89 25.18 18.20 1.80
Mirc Electronics 399.55 644.46 736.37 766.91 16.64 42.33 33.51 -4.40 23.49 -19.24
Control Print 382.16 174.60 173.94 147.83 39.90 50.07 38.62 29.75 31.31 19.46
Singer India 194.99 482.98 421.58 368.80 15.18 13.03 10.52 9.26 8.96 7.62