The world's largest manufacturer of air-coolers is not only witnessing a spike in share of e-commerce platforms such as Amazon and Flipkart in its domestic sales but also from its D2C website
Voltas Ltd on Friday reported 24.93 per cent decline in The Tata group firm had posted a consolidated net profit of Rs 128.64 crore for the year-ago period, Voltas said in a regulatory filing
Air conditioners and refrigerators use hydrofluorocarbons, which heat up the earth.
The Tata group firm had posted a consolidated net profit of Rs 81.77 crore in the April-June quarter last fiscal, Voltas said in a regulatory filing.
The management expects gross margin on domestic sales for FY22 to be back to normal margin of around 50 per cent
The firm had a 'bad summer season'
Delhi airport had as many as 80 flight cancellations, infuriating passengers. It would interest you to know that Delhi airport was supposed to handle around 380 domestic flights today
Livpure has also launched smart and energy-efficient air coolers and air conditioners
Air cooler makers are expecting a double-digit growth in sales this season, led by north and central Indian market as acute heat wave continues across the country. Branded air cooler makers are offering latest technologies which include IoT (Internet of Things), touch digital control panel, multistage air purification, high efficiency cooling pads, intelligent remote, anti-bacterial tank in several sub-categories such as personal, window, tower and desert air coolers. Besides, they are also spending a good amount on branding to promote their products. Air cooler makers expect a shift in leading markets with a huge replacement demand for branded coolers. "This year the market is showing higher traction, compared to last year, due to a strong summer, and is expected to grow in double digit," Voltas MD & CEO Pradeep Bakshi told PTI. He further said: "The market for air cooler in west and south is growing faster. However, the volumes are more in north and central India." Echoing the