Voltas pins recovery hopes on festive demand after Q1 revenue slump

Voltas Q1 revenue fell 20% on unseasonal rains and weaker AC sales, with margins hit; management expects festive season and "second summer" demand to aid recovery

Voltas’ revenues for the April-June quarter (Q1) of FY26 were impacted badly by unseasonal rains. A leader in domestic air conditioners (ACs), the company’s revenues dipped 20 per cent year-on-year (Y-o-Y) to ₹3,940 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 58 per cent Y-o-Y to ₹180 crore and the margin contracted 410 bp Y-o-Y to 4.5 per cent. PAT declined 58 per cent Y-o-Y to ₹140 crore. Depreciation and interest costs increased 38 per cent and 39 per cent Y-o-Y respectively.

 

Management of this Tata group home appliances maker highlighted that growth momentum turned adverse in