Consumer appliances companies to take price hikes amid rising inflationary pressure
News: According to media sources, consumer appliances companies plan to take further price hikes of ~5% to offset rise in input costs, as commodity prices continue to escalate due to geopolitical concern and lockdown in China.
Views: The consumer appliances companies have already taken price hikes in the range of 15-20% vs. 25% of input cost inflation. Another round of price hike would help companies to offset raw material prices pressure in margin. The consumer companies have lost two consecutive summers due to lockdowns and will now be watchful on how this summer pans out amid sharp price increase.
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