Equirus says 3-4% more AC price hikes may protect margins
In short
Manoj Gori of Equirus Securities said room AC makers may need another 3-4% price increase to protect margins. He also said demand is still strong, inventories are back to normal, and room AC volumes may rise about 20% in H2 FY27.
The note points to LG Electronics, Blue Star and Voltas as preferred names. It does not say what exact data drove the call or whether any company has already raised prices.
What the reporting says
Manoj Gori of Equirus Securities said another 3-4% price hike may be needed to protect margins in the room air-conditioner market, according to a CNBC TV18 Market summary. He also said demand remains strong, inventories have normalised and room AC volumes could grow about 20% in H2 FY27. The note says he favours LG Electronics, Blue Star and Voltas, but the underlying data behind the view is not stated.
Why it matters
Manoj Gori of Equirus Securities said room air-conditioner makers may need another 3-4% price hike to defend margins, based on a CNBC TV18 Market summary. The note also said demand remains strong and inventories have normalised, with room AC volumes expected to grow about 20% in H2 FY27. The immediate market relevance is for LG Electronics, Blue Star and Voltas, though the source does not provide primary data or company response.