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