Crisil Ratings has projected that revenue growth for large appliance manufacturers will moderate to 5-6% in the fiscal year 2025-26, a significant decrease from the 16% growth recorded in the previous year. This slowdown is attributed to a high base effect and a sharp decline in demand for cooling products during the first half of the year, exacerbated by an early monsoon. However, a recent GST cut on air conditioners and large televisions is expected to stimulate sales in the second half, potentially leading to an 11-13% growth during that period. The refrigerator and washing machine segments are also anticipated to see growth due to changing consumer preferences and increased demand for larger capacity models. Despite these challenges, companies are expected to continue investing in capital expenditures, particularly in the AC sector, while managing rising raw material costs and competitive pressures.