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.