Consumer Durables Profits Seen Down 1% In Q3FY26 As Demand Stays Weak
HSIE projects 6% revenue growth and 1% profit decline for consumer durables in Q3FY26, while EMS growth moderates amid demand and cost pressures.
HSIE projects 6% revenue growth and 1% profit decline for consumer durables in Q3FY26, while EMS growth moderates amid demand and cost pressures.
The company’s net profit rose to Rs 630 crore in the third quarter of the current financial year
During the quarter, Domino’s India delivered like-for-like (LFL) growth of 5 per cent, reflecting steady demand across its existing store base
The performance continues to be driven by the home care segment, where the company expects double-digit value growth
The company notes that the revenue witnessed an uptick of 18 per cent on a YoY basis in nine months of the current fiscal year.
Company notes that the overall volumes were dragged by de-growth in castor and de-oiled cakes classified under the industry essentials segment
Management remains confident of exceeding its earlier financial year 2026 guidance of Rs 335 crore in revenue and Rs 100 crore in net profit
During the quarter, underlying volume growth in the India business remained in high single digits, while marking a slight improvement on a sequential basis