BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Voltas Ltd.’s Q2 FY21 earnings were 37% better than our expectation, largely led by better-than-expected execution in the electro-mechanical projects segment and higher margins in the unitary cooling products segment.
The company has sustained its number one position in room air conditioners and further improved its market share to 26.8% in August 2020 (year-to-date 26.4%).
Inventory level with the company stood at approximately 110 days, which is higher than normal, but should normalise by December 2020-January 2021.
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