SYMPHONY
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Symphony expands into AC, fans, air purifiers, shares jump 14%
2 Min Read Symphony shares gained nearly 14% on Tuesday, September 8, after the company said it is expanding its India portfolio into three new categories — room air conditioner (RAC), brushless direct current (BLDC) ceiling fans and air purifiers. This is the stock's biggest single-day gain since August 6, 2024, when the it had risen 18.9%. The company aims to broaden addressable market via adjacent consumer durable categories with long-term growth potential.
Symphony sees FY27 upturn as inventories normalize
Nrupesh Shah, MD-Corporate Affairs at Symphony, expects 2026-27 (FY27) to be a stronger year after inventories across the company and trade channels returned to normal levels. He said robust demand across alternate sales channels, improving overseas performance and growth in the company's non-seasonal business should support performance in both domestic and international markets. Shah also expects overseas subsidiaries, barring the Australia business, to deliver better results this year.
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Symphony shares jump 14% on expansion into AC, fan and air puritifers categories - CNBC TV18
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