Voltas projects 25% AC sales growth this summer, launches AI-powered units, raises prices amid higher commodity costs and new BEE norms, with strong demand from tier II-III cities
Here's why technical analysts at Kotak Securities and Bonanza are bullish on Trent, Tata Steel, Titan and Voltas. Tata Sons board meet on Tuesday, February 24.
The stock price of Voltas was up 3% to ₹1,545.15, surpassing its previous high of ₹1,530 touched on March 19, 2025 on the BSE.
Voltas posted largely in-line revenue for Q3, but better-than-expected profitability, particularly in its UCP segment, prompted a reassessment of near-term margin trends among analysts.
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Leading air-conditioning maker and engineering services provider Voltas Ltd on Thursday reported a 35.4 per cent decline in its consolidated net profit to Rs 84.46 crore for the December quarter of FY26. It had posted a consolidated net profit of Rs 130.76 crore in the October-December period a year ago, according to a regulatory filing from the Tata Group firm. Voltas' revenue from operations declined 1.1 per cent to Rs 3,070.77 crore in the December quarter of FY26, compared with Rs 3,105.11 crore in the corresponding quarter of the previous fiscal. Total expenses of Voltas stood at Rs 2,945.19 crore, almost flat in the December quarter. Commenting on the results, its Managing Director Mukundan Menon C P said: "In Q3, the Room Air Conditioner business remained the anchor of our overall performance, navigating inherent seasonality and the impact of a shorter second summer through stronger channel momentum, improved product mix, and the benefit of the GST rate reduction." In the .
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.