Weak AC demand may persist into H2
Unseasonal rains and La Nina could extend winter, dampening AC demand in Q3 and Q4, making flattish industry outlook optimistic.
EPACK / Q2-FY26 / risks
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EPACK Durable · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Price hikes from BEE norms and commodity inflation may hurt demand
Expected 5-7% price increase due to new energy norms and higher copper costs could offset GST benefit and reduce consumer affordability.
Working capital strain from high inventory
Inventory overhang led to increased working capital and debt; net debt stood at ~₹500 crore, and recovery may take time.
Customs show-cause notice on copper tube imports
The industry faces retrospective duty demands on copper tube imports from FTA countries; outcome uncertain.