StockEdge Lists Top 3 Consumer Durable Stocks to Watch in India

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Blue Star’s HVAC dominance, Dixon’s electronics surge, and TTK Prestige’s kitchen innovation position them as top picks in India’s fast-evolving consumer durables sector

By S JHA

MUMBAI, August 3, 2025 — In a recent analysis shared by StockEdge Co-founder Vivek Bajaj, three standout companies have been identified as the top consumer durable stocks in India—Blue Star, Dixon Technologies, and TTK Prestige. Despite macroeconomic headwinds, all three firms are showing robust fundamentals, sectoral leadership, and a strong long-term growth outlook.

Blue Star Ltd: Cooling India and Beyond

Blue Star Ltd., a leading name in air conditioning and commercial refrigeration, reported a 23.6% YoY revenue growth, reaching ₹11,968 crore in FY25. “With a deep retail and service network across 900+ towns, seven manufacturing plants, and international exports to 19 countries, the company continues to ride India’s infrastructure boom,” argued Bajaj in the article.

He listed key drivers for Blue Star:

Robust EPC and Commercial AC order book at ₹6,263 crore.
Growth from sectors like data centers, healthcare, and hospitality.
Targeting market share rise from 14% to 15%, with margins guided at 7–9%.

Despite global trade uncertainties, Blue Star’s vertically integrated model provides insulation from regional risks, making it a key stock in the HVAC & refrigeration space, added the analyst.

Dixon Technologies: India’s EMS Powerhouse

Dixon Technologies has become India’s largest contract electronics manufacturer, with a massive 120% YoY jump in revenue, clocking ₹38,860 crore in FY25. “The firm dominates India’s consumer electronics and lighting segments and is aggressively expanding across mobile phones, IT hardware, and home appliances,” noted Bajaj.

Strategic highlights as shared by Bajaj:

Strong ROCE at 49.1% and ROE at 33.9% (Q1 FY26).
51% JV with Vivo for smartphone production; 60:40 JV with Inventec for laptops.
Riding high on PLI schemes and the China+1 manufacturing strategy.

“With ambitions to manufacture 6–6.5 crore smartphones annually by FY27, Dixon is poised to be a global EMS giant,” asserted Bajaj.

TTK Prestige: Reinventing the Indian Kitchen

TTK Prestige remains a household name in kitchen appliances and cookware. “Though it posted modest revenue growth of ₹2,715 crore in FY25 (~1% YoY), the company has invested heavily in innovation, expanding its Prestige Xclusive stores (667 outlets) and launching 191 new SKUs last year,” argued Bajaj.

Strategic initiatives as shared by Bajaj:

₹500 crore investment plan (FY25–FY28) in automation, stainless steel capacity, and renewable energy.
Repositioning of Judge brand for tier-2/3 markets via e-commerce and general trade.
₹6/share dividend and ₹200 crore share buyback in FY25, signaling financial strength.

“Though facing pressure in channels like MFIs and CSDs, traditional sales grew 8% YoY, and the company boasts ₹825 crore in free cash, enabling aggressive future expansion,” argued the analyst.

India’s consumer durables sector is seeing a tectonic shift, driven by rising income, urbanisation, and digital lifestyles. Blue Star, Dixon Technologies, and TTK Prestige exemplify how manufacturing depth, innovation, and domestic demand can create strong investment stories.

Each company reflects a unique value proposition: