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Showing posts from January, 2022
  DECEMBER 2021 Commodity price inflation will continue: GODREJ APPLIANCES Commodity price inflation has been plaguing the white goods industry throughout the year. Kamal Nandi, Business Head and Executive VP at Godrej Appliances, mentioned that 18 percent of the 23-24 percent commodity price hike have seen due to inflation. There is still a gap of 5-6 percent that is considered as an opportunity. The next hike is not yet planned. The market will bounce back in the fourth quarter of this fiscal year though there is uncertainty with the Omicron variant. Summer demand for ACs etc will be good, since there has been postponement of purchase last year, due to the second wave as well as inflation.     From copper, steel aluminum, MBI which is used for foaming, plastics are going up. There are no signs of resolution in the near future. It will continue to be at this inflated level for some time. Godrej appliances has gone ahead and made investments in developing components s...