ICICI Securities: Voltas Gearing Up For The Next Leg Of Growth
Employees work on the indoor units of split system air conditioners on an assembly line a factory in Rajasthan. (Photographer Prashanth Vishwanathan/Bloomberg)

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:

ICICI Securities Voltas FY20 Annual Report Update.pdf

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