New Delhi, March 5 -- A strong El Nino-led summer in 2026 could trigger a cyclical upturn for India's consumer durables sector, particularly cooling products such as air conditioners, air coolers and fans, according to a report by Anand Rathi Research.

The report said an early, intense and prolonged heatwave could sharply accelerate demand for cooling appliances after a weak base in 2025, potentially driving earnings upgrades and margin expansion for sector players.

The report noted, "With the IMD forecasts suggesting a high probability of El Nino re-emergence in 2026, the coming summer could mark a decisive cyclical upturn for cooling category."

According to the report, a milder summer and erratic weather conditions in April-May 2025 ...