New Delhi [India], November 2 (ANI): Manufacturers of large appliances are expected to see revenue growth moderate to 5-6 per cent this financial year on a high base of 16 per cent logged last fiscal year, according to Crisil Ratings.

According to the rating agency, a sharp cut in demand for cooling products during the first half due to the early onset of monsoon would only see a partial lift-up led by the goods and services tax (GST) cut on AC and large TVs coming in just before the festive season as part of the tax rate rationalisation.

Moderating revenue growth, along with intensifying competition and dearer raw materials, will also shave off 20-40 basis points (bps) from operating margins, the rating agency said this week.

This, however, is unlikely to deter companies from sustainin

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