Consumer Durables – Apr-Jun’26 Earnings Preview – Healthy W&C Growth and Summer-Led RAC Demand
Published on 03 Jul 2026
W&C companies under our coverage are expected to report strong revenue growth in Q1FY27, supported by commodity-led realization gains, and healthy domestic sales, with cables continuing to outperform wires. The FMEG segment is likely to witness a gradual recovery, aided by price-led growth across appliances and consumer electricals, although demand remains mixed across categories. The RAC segment is expected to deliver healthy growth, driven by premiumization and summer-led demand while maintaining healthy profitability. We expect our consumer durables universe to register sales/EBITDA/PAT growth of 21.1%/23.7%/20.3% YoY in Q1FY27. Furthermore, we anticipate RRKABEL, POLYCAB, and VOLT to outperform, while CROMPTON to underperform in sales. In terms of profitability, RRKABEL is expected to outperform.
We continue our positive view on W&C companies driven by higher realization, domestic demand, and favorable industry trends in both domestic and export markets. LGEL and BLSTR are our top picks.
