Cool consumer durables stocks to buy to beat the summer heat this season

After a sluggish demand due to Covid-19 induced lockdown, the consumer durables sector is facing another formidable challenge amid price rise of key raw materials. The prices of key metals such as copper, steel, and aluminum have increased drastically between 18 and 66 per cent in FY22, forcing companies to take price hikes of 3-5 per cent this month.

Earlier in fiscal year 2021-22 (FY22), several consumer durable companies had taken price hikes between 5 to 10 per cent range, to be in-line with the rising prices of raw materials. Business Standard