Scorching Indian summer to boost demand for ACs, ice creams, power, CLSA says

Bosch Home Comfort India

12/03/2025 09:39

** India's warmest February in 124 years could spur a demand uptick in cooling product categories like air-conditioners, air-coolers, refrigerators and fans, says CLSA

** Weather office has warned of further rise in temperature and heatwave days going ahead

** Listed air-conditioner and components makers such as Voltas VOLT.NS, Blue Star BLUS.NS, Amber Enterprises AMBE.NS gain 1.4%-2.7%; Johnson Controls JCHA.NS jumps 6%

** CLSA also expects summer-centric consumer categories like ice creams, beverages, dairy products to benefit from a hot summer

** As power demand picks up, coal availability for non-power sector could get hurt, leading to a rise in e-auction coal prices, which is a positive for Coal India COAL.NS, according to CLSA

** Coal India up 0.5% on the day

** On the flip side, a hot summer could cause water scarcity which could momentarily disrupt construction projects, CLSA says

** Earlier in the week, Jefferies identified AMBE, VOLT, Crompton Greaves CROP.NS as well as pipe and pump makers as its key summer plays

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))