Synopsis: HSBC recommends LG Electronics India Limited, Havells India Limited, Voltas Limited, and Blue Star Limited, citing strong demand trends and up to 34 percent upside potential in the consumer durables space.
Global brokerage HSBC has turned optimistic on select consumer durables stocks, highlighting strong demand trends and improving margins. The firm expects these companies to deliver robust earnings growth, with potential upside of up to 34 percent. Driven by rising incomes, premiumisation, and urban consumption, the sector continues to attract investor interest.
HSBC expects moderate revenue growth for consumer durables companies in Q4, supported by steady demand trends and an improving product mix. However, margin expansion may remain under pressure due to elevated input costs, particularly in key commodities. The brokerage also highlights near-term risks, noting that rising raw material prices and unseasonal rains could impact demand and supply chains in Q1FY27. Here are a few Consumer Durables stocks recommended by HSBC with a high growth potential of up to 34 percent:
LG Electronics India Limited
With a market capitalization of Rs. 1,01,815.86 crore, the shares of LG Electronics India Limited were currently trading at Rs. 1500.00 per equity share, rising nearly 1.58 percent from its previous day’s close price of Rs. 1476.60.
HSBC, a prominent brokerage firm, has recommended a “Buy” call on LG Electronics India Limited with a target price of Rs. 1,850 per share, indicating an upside potential of 25.30 percent from its previous day’s close price of Rs. 1476.60 per share.
LG Electronics India Limited (LGEIL) was incorporated in 1997 and is headquartered in New Delhi. The company is a subsidiary of LG Electronics Inc., South Korea. It manufactures and sells home appliances and consumer electronics such as refrigerators, washing machines, air conditioners, TVs, monitors, air purifiers, and water purifiers, along with after‑sales installation and service.
Havells India Limited
With a market capitalization of Rs. 79,899.98 crore, the shares of Havells India Limited were currently trading at Rs. 1273.80 per equity share, down nearly 0.65 percent from its previous day’s close price of Rs. 1282.10.
HSBC, a prominent brokerage firm, has recommended a “Buy” call on Havells India Limited with a target price of Rs. 1,700 per share, indicating an upside potential of 33.5 percent from its current price of Rs. 1273.80 per share.
Havells India Limited is an Indian multinational electrical‑equipment and FMEG company based in Noida, with a strong domestic and global presence. It manufactures a wide range of products, including lighting, fans, switches, cables, wiring accessories, water heaters, switchgear, motors, capacitors, and industrial electrical equipment across residential, commercial, and industrial segments.
Voltas Limited
With a market capitalization of Rs. 44,824.96 crore, the shares of Voltas Limited were currently trading at Rs. 1362.60 per equity share, rising nearly 3.61 percent from its previous day’s close price of Rs. 1315.15.
HSBC, a prominent brokerage firm, has recommended a “Buy” call on Voltas Limited with a target price of Rs. 1,510 per share, indicating an upside potential of 14.82 percent of its previous day’s close price of Rs. 1315.15 per share.
Voltas Limited was incorporated in 1954 and promoted under the Tata Group. It is a leading Indian cooling and engineering solutions company. It is the number‑one room air‑conditioner brand in India and also offers air coolers, water coolers, dispensers, commercial refrigeration, and large‑scale HVAC systems, besides providing engineering and project services.
Blue Star Limited
With a market capitalization of Rs. 35,365.74 crore, the shares of Blue Star Limited were currently trading at Rs. 1730.15 per equity share, rising nearly 2.40 percent from its previous day’s close price of Rs. 1689.55.
HSBC, a prominent brokerage firm, has recommended a “Buy” call on Blue Star Limited with a target price of Rs. 1,900 per share, indicating an upside potential of 12.46 percent of its previous day’s close price of Rs. 1,689.55 per share.
Blue Star Limited was founded in 1943 and is headquartered in Mumbai. It is India’s leading air‑conditioning and commercial‑refrigeration company with over 80 years of experience. It manufactures and supplies air‑conditioning systems, commercial refrigeration equipment, and offers MEP (mechanical, electrical, plumbing, and fire‑fighting) contracting and project‑engineering services across institutional, industrial, and commercial sectors.
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