Profitability Analysis Of Home Appliances Manufacturing Companies In India

Abstract

Home appliances are used to carry out chores around the house including cleaning and cooking. We depend on household appliances on a regular basis for activities like cooking, washing, exercising, purifying etc. Large appliances that are often located in bedrooms, bathrooms, hallways, and kitchens make up the majority of residential appliances. Cooking, food preservation, and cleaning are all basic housekeeping tasks that are aided by the kitchen's appliances. By using the appropriate household items, any home's décor may look stylish.

A refrigerator and air conditioner are now commonly used because of the hot climate. This will offer some kind of cooling and refreshing. The usage of refrigerators allows for the long-term preservation of produce and other goods. The major appliances found in every home are refrigerators, mixer/grinders, gas stoves, pressure cookers, TVs, air conditioners, music players, home theatres, digital players, ceiling fans, air purifiers, personal computers, vacuum cleaners, ironing boards, water purifiers, and water heaters. Home appliances have become more user-friendly as a result of technological developments and inventions, enabling the quickest completion of household duties.

Home appliances industry in India recorded a tremendous growth in recent years. This triggers an interest in studying the performance of the sector. Financial Performance analysis of companies operating in a sector is an important aspect to be done while studying the performance of the sector. The liquidity, profitability and leverage happen to be the most prominent aspects of Financial Performance analysis and are measured by almost all the companies analyzing their Financial Performance.