Appliance sector growth to cool to 5–6% in FY26: Crisil
Revenue growth for large appliance makers is expected to slow to 5-6% this fiscal from 16% last year, says Crisil Ratings. Early monsoons hit cooling product sales, though GST cuts on ACs and large TVs may boost festive demand. Margins could fall 20-40 bps, but firms plan higher capex amid steady long-term growth prospects.