This smallcap consumer discretionary stock jumps 26% in 2 sessions; hits all-time high

IFB Industries share price: Shares of the smallcap consumer discretionary stock IFB Industries extended its previous day's steep gains and took the total gains in 2 sessions to 26 per cent.

The stock even marked its new all-time high on stellar gains in the past two sessions. In the past one month, the stock has gained over 18 per cent.

At the last count, shares of IFB Industries were up nearly 7 per cent at Rs 2,302.7 per share on the NSE.

As per Zee Business Research inputs, the stock has been rallying since its Q1FY25 results.

Factors seen triggering gains in IFB Industries

The company's management is anticipating strong growth outlook amid festivities and also upcoming earnings are expected to remain strong.

Segment wise, the company's washer category is seen to post a strong show, which is a high-margin product. IFB Industries Limited's washer category is part of its Home Appliances Division, which includes both domestic and industrial washing machines.

Also, the company is working speedily on new products powered by Inverter technology and WiFi.

CRISIL's view on consumer durable segment

The rating agency has projected a 8-10 per cent increase in revenue for companies in the space till FY25 end. Operating profit will also likely improve amid decline in raw material cost. 

CRISIL envisages a better demand outlook from rural areas with robust demand for premium appliances as well as smart technology in the market.

IFB Industries' margin trend

Q1FY24      3.1%
Q2FY24      6.4%
Q3FY24      5.6%
Q4FY24      4.1%
Q1FY25      6.4%

IFB Industries share price performance 

The stock has delivered multibagger returns with the stock zooming as much as 153 per cent in the past one year.