AC sales lag despite 50°C heat: Voltas, Blue Star, Daikin clock 15-20% vs 25-30% expected
India's AC majors are seeing summer demand fall short of expectations as 8-10% price hikes, fuel cost inflation and Gulf war uncertainty squeeze mass-segment buyers. Voltas, Blue Star, Daikin and Godrej are growing 15-20% YoY against forecasts of 25-30%, signalling stress in entry-level discretionary spend.
Despite a brutal Indian summer, AC makers Voltas, Blue Star, Daikin and Godrej are clocking only 15-20% sales growth versus 25-30% expected, as inflation, 8-10% price hikes, fuel costs and Gulf war uncertainty squeeze mass-segment consumer demand.