| Revenue growth | 18% YoY growth driven by 45% surge in RAC volumes. |
|---|---|
| Margins | UCP margins stuck at 5.3%; high costs delaying target return to 7-8%. |
| Order book | Segment B order book stands at 6,345 crores; execution timing remains variable. |
| Demand visibility | Strong for cooling; channel inventory stable at four weeks. |
| Management confidence | Cautious; acknowledging margin pressure despite massive volume and market share gains. |
Growth
Revenue grew 18% YoY; RAC segment jumped 33%. Growth is purely volume-led via aggressive market share expansion.
Outlook
Aimed 7-8% UCP margins are now delayed. 50-50 compressor JV with Atomberg targeted for FY28 production.
Risks
EBITDA margins remain depressed at 5.3% due to inability to fully pass through 10-12% cost inflation.
Last quarter's promises, checked
Delivered
- Guided progressive recovery in Q4 → delivered 18% revenue growth (= BEAT)
- Guided leadership in cooling segment → delivered 45% volume surge (= BEAT)
- Targeted March 2026 record sales → delivered highest-ever sales month (= BEAT)
Partly delivered
- Guided inventory normalization → delivered 30-45 days channel inventory (= PARTIAL)
- Guided cost reduction impact → delivered benefits offset by 10-12% inflation (= PARTIAL)
Missed
- Guided FY25 margin levels (8.4%) → delivered 5.3% UCP margin (= MISS)
- Targeted margin resilience → delivered 85 bps gross margin decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: VOLTAS. Summary written with AI assistance from the document.
Voltas Ltd: key numbers
- Share price
- ₹1,067.90
- Market cap
- ₹35,335 Cr
- Revenue (annual)
- ₹14,244 Cr
- Net profit (annual)
- ₹375.9 Cr
- P/E (TTM)
- 78.7×Sector 45.6×
- Promoter holding
- 30.30%+0.00% QoQ
- FII holding
- 16.94%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Voltas Ltd
All →Voltas Legal & Regulatory
Voltas received a Show Cause Notice from State Tax authorities alleging wrongful Input Tax Credit and short tax payment for FY 2022-23.
- Value
- ₹30.22 Cr
Voltas Legal & Regulatory
Voltas announced that Qatar's Court of Cassation dismissed an appeal filed by OHL&C. This ruling reinforces the previous order requiring OHL&C to pay outstanding dues.
Voltas Investor Presentation: Key Takeaways
Voltas reported strong Q1 FY27 results with consolidated revenue of ₹4,765 crores and net profit of ₹213 crores. Performance was driven by record RAC sales and market share expansion to 17.3%.
Voltas Q1 FY27 Results: Net Profit ₹212.8 Cr, Up 51.4% YoY
Voltas Ltd reported revenue from operations of ₹4,674 Cr (+18.7% YoY) and net profit of ₹212.8 Cr (+51.4% YoY) for Q1 FY27.
- Key figure
- Net profit ₹212.8 Cr · +51.4% YoY
Voltas Merger & Restructuring
Voltas has entered into a binding term sheet with Atomberg Innovation Private Limited to establish an equal joint venture for manufacturing room air conditioner compressors.
Voltas Board Meeting Date
Voltas Limited has scheduled a board meeting on 14 August 2026 to consider and approve its standalone and consolidated unaudited financial results for the June 2026 quarter.