The BSE Consumer Durable index was the best-performing sector so far in 2019 among the BSE sectoral indices, surging more than 20 percent YTD (year-till-date). The top-performing stock in the index was Titan, which rose over 35 percent this year.

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Most of the sector’s constituents have grown substantially this year except for two stocks, VIP and PC Jeweller, which fell 8.53 percent and 47.62 percent, respectively, this year.

Meanwhile, stocks like Titan, Blue Star and Rajesh Exports rallied more than 20 percent, and others like Whirlpool and TTK Prestige, rose above 9 percent YTD.

In last one year, BSE Consumer Durables index have risen over 22 percent. Most analysts are optimistic about the near-term prospects of the sector.

Jefferies in its research report said, “Q4FY19 turned out to be a mixed bag of consumer electrical companies with multiple headwinds including delayed onset of summer, liquidity crisis and political uncertainty. We prefer multi-product companies with superior execution track records and well-entrenched brands.”

“Our channel checks and industry interactions suggest that industry can clock ~15 percent volume growth in Q1FY20E on a favourable base from last year,” said Emkay.

The brokerage further added that the room air conditioners (RACs) demand saw a healthy rebound in secondary sales from the end of May after moderation at the beginning of the month. Rise in temperatures in North and Central India have led to a strong demand, and brands have also initiated selective price hikes.

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