• Domestic summer demand: Channel inventory has completely rationalized across India, with strong secondary sales in South, Central, and West regions and emerging demand in North India as temperatures rise.
• Australia business restructuring: Symphony has fully provided for its cumulative ~₹350 crore investment in the Australian subsidiary and ring-fenced the profitable US business by acquiring its equity and IPR for ₹52 crore.
• Pricing and margin outlook: The company will pass on entire cost increases across its 70+ models starting July 1st, while gross profit margin compression in the June quarter is limited to a maximum of 3%.
• Supply chain and compliance: Over 95% of components are sourced domestically to avoid geopolitical supply disruptions, and more than 75% of cooler models already comply with new energy efficiency standards taking effect July 1st.