Mint Explainer Why, despite a GST cut, Indian consumer durables sector is not celebrating yet?
How did consumer durables makers fare in Q3? Listed AC makers reported a difficult quarter. Newly listed LG India reported a 61% drop in profit, while Bluestar posted a 38.6% fall in profit and Voltas a 35% fall. Lloyd Consumer, owned by listed Havells India which also sells ACs, saw a 5.6% decline in revenue…