Equirus Securities’ Manoj Gori highlighted that recent price hikes of 4‑8% across categories still fall short of covering soaring input costs.
The brands, including LG Electronics, Blue Star and Voltas, face a third round of price increases in 2026, with the latest changes taking effect on October 1.
Volume growth in the room AC segment surged 20% in the Apr‑Jun quarter of 2026 and is projected to hit 35‑40% in Jul‑Sep, underscoring resilient demand.
Blue Star and Voltas remain top picks for investors, given their margin resilience amid rising costs.
Analysts suggest that further price action will be necessary to restore normalised margins, and investors should watch the West Asia crisis impact on input costs.