Voltas Limited share price
NSE: VOLTAS · ISIN INE226A01021
Key numbers
- Market cap
- ₹ 37,000 Cr
- Current price
- ₹ 1,118.20
- 52-week high / low
- ₹ 1,583 / 1,091
- Stock P/E
- 82.3
- Book value
- ₹ 192.7
- Dividend yield
- 0.36%
- ROCE
- 8.7%
- ROE
- 5.8%
- Debt to equity
- 0.16
- Sales growth (3 yrs)
- 14.5%
- Profit growth (3 yrs)
- 40.7%
- 1-year return
- -18.5%
About Voltas Limited
Voltas Limited operates as air conditioning and engineering solutions in India, the Middle East, Africa, and internationally. The company operates through three segments: Unitary Cooling Products; Electro - Mechanical Projects and Services; and Engineering Products and Services. The company manufactures, sells, and services cooling appliances and cold storage products, such as room air conditioners, water dispensers and coolers, visi coolers, chest and convertible freezers, cold rooms, medical refrigeration, air coolers and purifiers, water heaters, ducted AC, variable refrigerant flow, cassette and tower AC, and chillers, as well as refrigerators, washing machines, microwave ovens, dishwashers, dry iron, and mixer grinders. It also offers a comprehensive range of electromechanical services, including HVAC (heating, ventilation, and air conditioning), electrical systems, plumbing, firefighting, extra low voltage, and specialized services. In addition, it provides facilities maintenance services, such as operations and maintenance contracts in various sectors, AMCs, spares, and retrofit jobs, etc. Further, it engages in the provision of water treatment solutions for the industrial…
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 3,912 | 2,314 | 3,053 | 4,844 | 4,623 |
| Operating profit | 179 | 70 | 177 | 221 | 266 |
| Net profit | 140 | 34 | 85 | 116 | 214 |
| EPS (₹) | 4.25 | 1.03 | 2.57 | 3.51 | 6.46 |
Concall summary (2026-08-20)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- The company achieved a 17.3% secondary market share in room air conditioning for FY27 for the first quarter and widened its lead over the nearest competitor to 4 percentage points, reinforcing its position as the undisputed market leader.
- For the quarter ended 30th June 2026, Voltas recorded consolidated income of Rs 4,765 crores compared to Rs 4,021 crores in Q1 FY 26.
Growth & demand
- The Indian consumer durables industry witnessed steady demand during the quarte r, continued demand for cooling products, R oom Air Conditioners remained a key growth lever supported by the summer season, aided by increased penetration and expanded demand across Tier II and Tier III markets.
- RAC volumes grew by 45% year-on-year, significantly outperforming the industry and key competitors.
Margins & costs
- Segment A margins improved significantly compared with the previous year despite commodity inflation and currency depreciation.
- These pressures were partially mitigated through progressive price increases and comprehensive cost optimization program initiated in FY 26, encompassing strategic sourcing, deeper localization, product design improvements and manufacturing productivity initiatives.
Capex & expansion
- Strong execution across marketing, product management, channel expansion, manufacturing capacity and supply chain readiness supported the performance.
- So this JV that we've signed with Atomberg, it's for a manufacturing capacity of around 2.8 million Compressors for Room Air Conditioners.
Balance sheet & cash
- The business maintained strong execution discipline across projects and geographies with continued focus on timely delivery, project profitability, working capital management and risk controls.
- Supported by strong summer season and disciplined execution, the Company exited the quarter with a strong liquidity position and well-controlled working capital profile.
Peers in Furnishings, Fixtures & Appliances
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