Voltas to benefit from early onset of summer; AC business to drive growth

The early onset of summer, the launch of inverter window air-conditioners (ACs) and potential benefits accruing from Budget proposals have put Voltas in the spotlight. The market seems to have had an inkling, given the Voltas stock was up over 6 per cent in the last few days.

According to analysts, the early onset of summer might help AC manufacturers in hiking prices, which will support margins and drive their top line. Analysts at IIFL said given the aggressive pricing policy adopted by LG, the industry had not increased prices despite the rise in commodity costs and change in energy