Jefferies Remains Bullish On Amber Ent: Maintains Buy With Target Of ₹5,200 | CNBC TV18
Good report wrt ACs too
Domestic AC industry volume expected to triple from FY24-FY30
Volumes stood at ~10mn units in FY24
Volumes to scale to 13mn units in FY25e post a strong summer
Expected to scale to 30-35mn units by 2030 implying +17% CAGR over next 7 years
Category under-penetration of AC at ~8%
Hot weather in India are key tailwinds for AC industry growth.
^ interesting noticeable data around the Domestic AC industry
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