Archive · 18 Aug 2025
Early Monsoon Hits Consumer Durable Companies in Q1 FY26
In the first quarter of the financial year 2026, companies that make things like air conditioners and refrigerators faced difficulties because people didn't need those products as much due to the early monsoon.
While some electrical companies did well, those selling summer goods struggled.
Polycab, however, saw a big increase in sales.
The profits for the durable companies decreased due to various factors.
Consumer durables companies saw a tough first quarter of FY26 due to weak demand.
The early monsoon cut short the summer season, hurting sales of cooling appliances.
Electrical firms saw a 4% rise in sales, while durable firms saw an 8% decline.
Polycab led with 26% revenue growth, driven by wires/cables and FMEG segment.
EBITDA margins contracted for durable firms due to operating de-leverage and lower fixed cost absorption.
- Who
- Consumer durables companies
- What
- Consumer durables companies faced a challenging first quarter of FY26.
- When
- First quarter of FY26
- Where
- India
- Why
- Weak demand for summer products, caused by the early monsoon.
Electrical vs. Durable Performance
Product Sector Performance
Sales Performance
Electrical vs. Durable Performance
Electrical firms performed better, with increased sales.
Product Sector Performance
Durable firms saw a decline in sales, which indicates the impact of the early monsoon.
Product Categories
Electrical vs. Durable Performance
Wires and cables registered strong double-digit growth.
Product Sector Performance
Cooling appliances and other durable products experienced negative growth.
- Industry
- Consumer Durables
- Key Players
- Polycab, Voltas, Crompton, Havells
- Sales Decline
- 8% for durable firms
- Revenue Growth - Polycab
- 26%
- Cooling Appliances Sales Decline
- Over 30% YoY
