Breezy summer ahead for consumer durables financiers, say analysts

Strong product demand is expected to drive loan book of lenders

Above-normal temperatures in the north and other parts of India are expected to push sales for consumer durable makers, especially cooler, air conditioner, and refrigeration system manufacturers. The rub-off, analysts say, will be seen on banks and non-banking financial companies (NBFCs) engaged in financing these products.

“Festive demand and work-from-home culture led to healthy buying in the second and third quarters of the current financial year (Q2/Q3FY21). The demand for white goods, such as air conditioners, washing machines, and refrigerators, is expected to remain strong due to the summer season, continuation of work-from-home culture, and pick-up in the housing and real