In an exclusive interview, Mukundan Menon, the managing director of Voltas, talks about protecting its turf in a competitive market
HDFC Securities has maintained its Add rating on Voltas, valuing the company using a sum of the parts (SOTP) approach, implying 40 times March 2028 EPS, to arrive at a target price of ₹1,430 per share
Voltas management has indicated that Q3FY26 trends are in line with internal expectations, with most sales still driven by products under the old energy rating table.
Analysts at PL Capital expect domestic-oriented sectors to outperform, naming banks, NBFCs, autos, retail, consumer staples, defence, metals, and select consumer durables as top picks.
At 10:06 AM on Friday; the BSE Consumer Durable index was up 0.71 per cent, as compared to the 0.30 per cent rise in the BSE Sensex.
Analysts highlighted elevated channel inventory, delayed consumer purchases, and a weak summer season as key challenges for the quarter for Voltas.
The Nifty Consumer Durable Index, which tracks the performance of 15 stocks in the consumer durables sector, jumped by 3.14 per cent, reaching an intra-day high of 38,503
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
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Voltas shares fell 8 per cent after its June quarter earnings missed estimates, with its profit falling 58 per cent
Revenue from operations also fell 20% to 39.39 billion rupees, steeper than the roughly 10% drop that analysts were expecting
Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.
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