Equirus pegs AC secondary sales growth at 15-20% as sub-par monsoon lifts cooling demand
A below-normal monsoon is set to extend heatwave tailwinds for room AC makers, with Equirus forecasting 15-20% growth in secondary sales volumes. Southern markets are leading the rebound after a soft March, while rural demand remains a drag. Pure-play cooling names are favored; LG is pitched as the diversified home-appliance pick.
What happened
LG · Equirus sees below-normal monsoon aiding AC sales with 15-20% secondary volume growth, though rural demand may suffer. Southern markets lead recovery after
Key facts
- 15-20% growth in secondary sales volumes
Why this matters
The heatwave-driven 15-20% AC volume lift strengthens valuations for cooling-focused targets now, so move on bolt-ons before a normal monsoon next year resets multiples.