| 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
- ₹1,118.20
- Market cap
- ₹37,000 Cr
- Revenue (annual)
- ₹14,244 Cr
- Net profit (annual)
- ₹375.9 Cr
- P/E (TTM)
- 82.4×Sector 45.9×
- 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 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 Earnings Call: Key Takeaways
Voltas reported Q4 FY26 consolidated total income of ₹4,930 cr with PAT of ₹113 cr, focusing on market leadership in cooling and structural transformation.
Voltas Earnings Call: Key Takeaways
Voltas maintained cooling leadership but faces significant margin compression due to commodity inflation and currency devaluation. Management is pivoting toward volume and gross margin quantum over percentage targets.
Voltas Earnings Call: Key Takeaways
Voltas reported a 1.7% YoY Q4 revenue increase with a progressive recovery in cooling, despite sharp declines in net profit and margins due to commodity inflation and currency volatility.