Voltas Strong Q3 Performance Raises Expectations Of Blockbuster Summer Sales: Motilal Oswal
Voltas range of products (Image: Company website)

Voltas Strong Q3 Performance Raises Expectations Of Blockbuster Summer Sales: Motilal Oswal

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 Q3 FY21 earnings were 31% better than our expectation, led by better-than-expected execution in the electro-mechanical projects segment, strong volume growth in the unitary cooling products segment, with ongoing cost rationalization leading to the higher margin.

It has retained its numero uno position in Inverter air conditioners/room air conditioners (RAC) with a market share of 21.8%/26% in December 2020.

Share of Inverter ACs now constitutes 60% of RAC sales (versus 49% in Q3 FY20).

Click on the attachment to read the full report:

Motilal Oswal Voltas Q3FY21 Result Update.pdf

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