FY27 opens hot: apparel up 12-14%, cooling up 17-18% as Lifestyle, V-Mart, LG ride premium wave
Indian discretionary demand is rebounding into FY27, with apparel sales growing 12-14% and AC/refrigerator volumes up 17-18%. Lifestyle, V-Mart and LG flag double-digit gains, but a 46% June rain deficit, El Nino risk and inflation creeping from 3.48% to 3.93% cloud the runway.
What happened
Lifestyle International · Indian discretionary spending recovering in early FY27, with apparel sales up 12-14% and AC/refrigerator demand up 17-18%. Lifestyle,
Key facts
- 12-14% apparel growth
- 17-18% cooling products growth
- 46% June rain deficit
- 3.93% May inflation
- 3.48% April inflation
Why this matters
Premium apparel and cooling brands are de-risked targets entering FY27, but price in El Nino exposure and rural-skewed assets at a discount.