New Delhi: Businesses in India’s domestic durables segment are expected to moderate some of the recently ended earnings growth. October-December quarterHSBC Global Research emphasized in a thematic report ahead of upcoming earnings updates.
The global financial services group consistently called it uninteresting. Consumer demand environment For weather conditions — a prolonged monsoon season and delayed onset of winter in parts of India, and the spread of the festive season in Q2 and Q3, weakened its income growth for household durables. As to the reasons behind the theory.
“Demand conditions were good during the festive period for the respective categories (alliances) but remained soft after the festive season,” HSBC Global Research report said.
The air conditioners category continued its strong growth momentum as the last three months (October-December) of calendar year 2024 were relatively warm together.
“Fan demand was soft during Q3,” he said.
In another report on the financial sector, HSBC Global Research said it expects earnings pressure to continue.
For banks, it expects earnings pressure from slower loan growth, pressure on net interest margins (NIM) and some normalization in credit costs.
For NBFCs, he said large lenders should report healthy earnings.
“Borrowers with MFI (microfinance institution) portfolios are likely to report higher credit costs,” it said.
The global financial services group consistently called it uninteresting. Consumer demand environment For weather conditions — a prolonged monsoon season and delayed onset of winter in parts of India, and the spread of the festive season in Q2 and Q3, weakened its income growth for household durables. As to the reasons behind the theory.
“Demand conditions were good during the festive period for the respective categories (alliances) but remained soft after the festive season,” HSBC Global Research report said.
The air conditioners category continued its strong growth momentum as the last three months (October-December) of calendar year 2024 were relatively warm together.
“Fan demand was soft during Q3,” he said.
In another report on the financial sector, HSBC Global Research said it expects earnings pressure to continue.
For banks, it expects earnings pressure from slower loan growth, pressure on net interest margins (NIM) and some normalization in credit costs.
For NBFCs, he said large lenders should report healthy earnings.
“Borrowers with MFI (microfinance institution) portfolios are likely to report higher credit costs,” it said.