Business Standard

Voltas outruns peers in lockdown-hit Q1, expands market share in room ACs

Air conditioning firm gains market share in room ACs, improves margins

Notably, the company has also gained share in the inverter AC segment which aided segment margins
Premium

Notably, the company has also gained share in the inverter AC segment which aided segment margins

Ujjval Jauhari New Delhi
Voltas impressed with its June quarter performance, outperforming peers in a challenging quarter marred by lockdowns. Though the impact on revenue and profits was visible, the positive was its ability to expand its market leadership in the air-conditioner (AC) business.

Voltas’ year-to-date market share stood at 26.2 per cent at the end of the June quarter (24.2 per cent in the previous quarter). Within segments, Voltas also gained share in inverter ACs.

The unitary cooling products segment (primarily ACs) saw revenue decline almost 60 per cent year-on-year (YoY), as sales were impacted by the lockdown in a seasonally strong summer

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 18 2020 | 3:05 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com