Electrical Consumer Durable (ECD) companies like Havells India have seen strong Q4FY24 sales and continuing seasonal demand across fans, air coolers, and room air conditioners (RAC) in addition to business-to-business sales of cables, switchgear, and professional lighting, among others. Havells India's Q4FY24 revenue rose 12 per cent year-on-year (Y-o-Y) to Rs 5,400 crore, in-line with consensus. Strong summer demand led to robust volume growth in fans and RAC and volume growth in cable and wires (C&W) due to infrastructure spending and real estate activity.
There were fewer promotion sales in January-February this year.
As temperatures shoot up this month signalling an early onset of summer, sales of air conditioners (AC) are set to increase, with companies expected to hike the prices of ACs by 4-5 per cent due to component shortages. Leading players like Haier and Bluestar and suppliers like EPack Durables have raised their production capacities to meet the 25-30 per cent rise in demand expected in the coming months.
In the summer, eat light, fresh meals so that your digestive system is not over burdened.
The annual mean temperature in 2024 was 25.75 degrees Celsius, 0.65 degrees above the long-period average.
With sales of cooling products turning out dismal this summer due to unseasonal rains, the stocks of related companies are now off their March highs. Shares of fan and air conditioner makers such as Voltas, Symphony, Orient Electric, Johnson Controls-Hitachi Air Conditioning and Crompton Greaves are down 5-23 per cent since March when the summer season saw a firm onset. In comparison, the BSE Sensex index is up 10 per cent.
Due to unseasonal rains, the second quarter of financial year 2023-24 (Q2FY24) was disappointing for the room-air conditioner (RAC) segment and Q3FY23 was also slow. While general consumption demand was low in Q3FY24, the low base and the pent-up demand from the first half of financial year 2023-24 (H1FY24) seem to have driven an off-season demand for RACs.
Quick fix recipes for summer coolers to beat the heat.
Here's a summer cooler recipe from reader Rama Muralidharan. Share yours!
We'll publish the best ones on Rediff.com.
After a strong show during the September quarter (Q2FY25) and favourable demand conditions, going ahead, the country's largest player in the room air conditioner segment, Voltas is well placed to improve its market share. Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand share in the room AC segment.
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The searing heat pushed the city's peak power demand to its highest for May, while the Delhi government directed the schools that have not closed for summer vacations to do so with immediate effect.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
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Srinagar recorded the maximum temperature of 35.6 degrees Celsius on Wednesday, the highest temperature in the month of July in 25 years since 1999 when the mercury had settled at 37 degrees Celsius, the officials said.
Wearing white and lighter colours will prevent heat retention, thus reducing the risk of heat exhaustion, suggests Dr Karthiyayini Mahadevan.
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As Singapore, New York and Melbourne have shown, cities can mitigate the impact of heatwaves if they have the will to create green infrastructure, explain Amit Kapoor & Bibek Debroy.
The heat wave is likely to impact parts of Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Punjab, Haryana, Delhi, Rajasthan, Madhya Pradesh, Jharkhand, Odisha and Gangetic West Bengal, the Met office said.
'To take an old-fashioned summer holiday by switching off the computer, mobile phone and iPod.' '(Unfortunately, my wife has threatened to also switch off the fridge and TV, putting a new spin to the phrase old-fashioned.)'
Temperatures in 17 locations breached 48 degrees Celsius on Monday, with the relentless heat affecting health and livelihoods across large parts of northwestern and central India.
Temperatures in 17 locations breached 45 degrees Celsius on Monday, with the punishing heat affecting health and livelihoods.
With scorcher days ahead, you must be looking for ways to avoid the heat. Here are few!
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Beat the heat with these refreshing summer coolers.
Quench your thirst this summer with these cool concoctions.
The list of 'dos and don'ts' comes after the India meteorological department issued its first heat warning for 2023.
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