With the early onset of the summer season and the India Meteorological Department forecasting above-average summer temperatures and increased heat waves, the AC industry is rejoicing. The segment is expected to deliver volume-led growth in Q4FY25 on the back of rising temperature coupled with aggressive channel restocking. The demand for cooling products is also expected to lead to record sales this year. The Indian room air-conditioner industry is projected to grow by 20-25 per cent in FY15, reaching sales volumes of 12-12.5 million units, stated a report by ICRA. This growth, it added, is attributed to factors such as rising temperatures, increasing household demand, urbanization, higher disposable incomes, and favorable consumer financing options.
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With this, AC companies have been most searched recently and here is a list of 4 such firms that were searched most on Google as per the latest data on Google Trends:
Google Trends this week.
Voltas: Voltas is a Tata group company and it operates in three core business segments, including Unitary Products (UPBG), which markets room air conditioners, air and water coolers and other commercial refrigeration products. The company has a market share of around 20.5 per cent in the air conditioning segment. Earlier in January, Voltas had released its fiscal third quarter results with profit at Rs 130.76 crore in comparison to a net loss of Rs 27.60 crore in the October-December period a year ago. It posted Q3 revenue at Rs 3,164.16 crore, up 17.9 per cent as against Rs 2,683.61 crore in the year-ago period. Going forward, the company expects strong demand and positive consumer sentiment, in a more decisive summer, to support the volume growth. To capitalize on increasing demand, Voltas has undertaken several initiatives and scheduled seasonal product launches across different categories to strengthen its market share.
Blue Star: Blue Star has been operating for 80 years in India. The company operates in three business verticals: commercial air conditioning systems that contribute to 56 per cent of its total revenue, followed by unitary products contributing to 41 per cent of revenue and the balance comes from professional electronics services. In January, Blue Star had posted Q3FY25 profit at Rs 132.5 crore,
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