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White Goods, Durables - Expect Weak Q3 FY23E With Softer Consumer Offtake After Diwali: ICICI Securities

Reduction in trade inventory of fans due to shift to BEE norms; however, we model the inventory-in-trade to recover by H1 CY23

<div class="paragraphs"><p>A customer checks a refrigerator at a home appliance store. (Reuters)</p></div>
A customer checks a refrigerator at a home appliance store. (Reuters)
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