Voltas (VOLTAS) investor relations material

Executive summary

• Achieved strong Q1 FY 2027 performance, outpacing competition with a 17.3% market share in room air conditioning, widening the lead over the nearest competitor by 4 percentage points.

• Sold 1 million room air conditioners in 81 days, marking the highest-ever quarterly sales in both value and volume, driven by brand strength, product innovation, and channel expansion.

• Growth supported by robust execution in marketing, product management, channel expansion, manufacturing, and supply chain readiness.

• Entered a binding term sheet for a 50/50 JV with Atomberg to manufacture high-efficiency RAC compressors in India, aiming to secure supply chain, reduce import dependency, and strengthen technology base.

• Net profit after tax rose to ₹213.8 crores from ₹140.6 crores year-over-year, with EPS at ₹6.46 for the quarter.

Financial highlights

• Consolidated income for Q1 FY 2027 was INR 4,765 crores, up from INR 4,021 crores in Q1 FY 2026.

• Profit before tax rose to INR 285.5 crores from INR 202.7 crores year-over-year.

• Net profit increased to INR 213 crores compared to INR 141 crores in the prior year.

• Unitary Cooling Products segment revenue rose 32% to ₹3,794 crores, with segment results at ₹202 crores (up from ₹104 crores).

• Voltas Beko JV loss booked at INR 37 crores for the quarter.

Outlook and guidance

• Q2 expected to be seasonally weaker for cooling, but focus remains on consolidating leadership through innovation, premiumization, and channel expansion.

• Projects business to focus on selective, value-accretive order booking and execution excellence.

• Continued investments in product innovation, channel reach, and supply chain agility to drive sustainable growth.

• Engineering products and services to emphasize higher-margin aftermarket and service revenues.

• Margin improvement in UCP and projects segments targeted over the next 8 quarters, with aspirations to return to 7%+ EBIT margins.