Amber's near-term pain brings focus on electronics delivery

Amber Enterprises India Ltd is entering a transition year that will test investor patience.

- Manvi Agarwal [e-mail]

Its core room air-conditioner (RAC) business is expected to grow 10-15% in FY26—ahead of industry—management said at a recent analyst meet.

While consumer durable demand has improved sequentially, FY26 may be a largely flat year for RAC volumes. Channel inventory overhang, unseasonal weather and higher product prices after energy-efficiency upgrades are weighing on demand. Rising copper prices and currency pressures add to the challenge.