Even though large states are moving towards a gradual unlock, the demand is expected to remain tepid throughout the quarter. Moreover, consumers are also curtailing large ticket spends as consumer confidence remains low and shoppers remain wary of visiting crowded places. Electronics retailer Vijay Sales expects sales for white goods to be halved in the June quarter—given markets start opening up by June. “If it opens in June, then the quarter will be 50% of 2019 sales but if it doesn’t then 30% of 2019 sales. “Most white goods and durables resolve specific needs of the consumers and are not vanity products in nature.

Source: Mint June 06, 2021 05:37 UTC