Consumer Durables Emerge Out Of GST Pressure, Motilal Oswal Says

Restocking of consumer durable products picked up in August following Goods and Services Tax (GST)-led slowdown in the previous month, Motilal Oswal said in a report.

Restocking for washing machines, refrigerators and LED TVs has led to inventory normalisation, but with the peak summer behind, air conditioners and air coolers segment would see meaningful restocking only in September, the brokerage added.

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