ICICI Securities: Voltas Gearing Up For The Next Leg Of Growth
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Having established an unassailable lead in domestic room air conditioner market, Voltas Ltd. is gearing up to capture the next leg of growth through its joint venture Voltas Beko India.
The company strategically plans 10% market share by 2025 under washing machine, refrigerator and dishwashers eyeing Rs 764 billion worth of India home appliances market.
We believe the success in this new venture will be a key determinant to future rerating of the stock. The recent “Atmanirbhar” focus by the government may gradually push the input cost in traditional room air conditoner segment and hence, impact margins.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.