Voltas

“I think the way it is, it may get sort of pushed over by a few quarters.”

“In terms of the capex for '27, '28, there is no material major capex.”

“Yes, that would be a fair assumption. Whatever quantum we agree should be -- yes, should be around that time.”

“It will be more a maintenance capex that we will sort of continue to have.”

“Capacity was progressively ramped up ahead of the summer season with the Chennai and Pantnagar facilities operating at high utilization levels.”

“In our case, the outsourcing has not increased because we have built a large capacity in Chennai.”

“During Q1 FY27, the Domestic Projects business maintained strong order momentum, securing strategic wins across key growth sectors, including Industrial Infrastructure, Electronics Manufacturing, Metro and Tunnel projects and Data Centers.”

“As of 30th June 2026, the total carryover order book value for segment B stood at Rs. 6,345 crores,”

“So we were very calibrated and careful in picking up orders because having an order book at a fixed price without an escalation clause would have hurt us more.”

“The company achieved a 17.3% secondary market share in room air conditioning for FY27 for the first quarter and widened its lead over the nearest competitor to 4 percentage points,”

“Segment A delivered a strong growth of 33%, led by exceptional performance in the Room Air Conditioner business. RAC volumes grew by 45% year-on-year, significantly outperforming the industry and key competitors.”

“Commercial Refrigeration and Air Coolers recorded a relatively muted performance, primarily due to slower market uptake following price increases.”

“Voltbek also emerged as an important growth lever substantially outgrowing the industry and recording its highest ever quarterly sales in both value and volume.”

“market share of 9.4% in Washing Machines and 7.4% in Refrigerators, further strengthening its position in highly competitive Indian home appliances market.”

“Encouragingly, the market has begun to demonstrate early signs of a gradual revival reflected in improved order booking levels.”

“My sense is the primary increase would be anywhere between 20% to 22% in volume terms and maybe around 25% to 26% in value terms, maybe the industry growth.”

“70% has now come down to around 30% to 35% because there is copper getting manufactured here,”

“You would have heard from the other major competitors in the Commercial Refrigeration space, the industry seems to have degrown by around 15% or so.”

“So we are seeing some improvement in the traction this quarter.”

“Segment A margins improved significantly compared with the previous year despite commodity inflation and currency depreciation.”

“there was a table change which happened, and that took up the prices of all the 3-star ACs by roughly 5% and the 5-star by 15%, a weighted average of somewhere around 7% to 8%.”

“All that added up to another sort of 4%to 5%. And so overall, all put together, 10% to 12% was the cost, and we have also passed on very close to that number into the market, maybe a percentage or 2 lesser, if at all.”

“We are watching what's happening on the overall West Asia crisis, if things worsen, obviously, if the costs get impacted, we will necessarily have to take a price increase. However, if it is nothing significant, what will happen is to shore up the margins, a little bit of reduction in the channel schemes that is what we will do.”

“We also have a very active cost optimization project, which is going on.”

“the Company exited the quarter with a strong liquidity position and well-controlled working capital profile.”

“Voltas has entered into a binding term sheet with Atomberg Innovation Private Limited for a proposed 50-50 joint venture to develop and manufacture high-efficiency RAC compressors in India.”

“We have -- the product has already been made and it is being tested right now actually.”

“And we begin with the most voluminous product, the one which is a volume driver, the 1.5 ton, 3-star and 5-star.”

“Atomberg is a leader in motor and they compete with the global giants in this category because of the sheer volumes that they have made in the ceiling fan category.”

“the most important item in the compressor is the motor, so that Atomberg has sort of mastered it and so that 40%, 50% of the BOM is covered from an indigenous manufacturer.”

“Within the International Projects business, pursuant to the Court award received Sidra Bank guarantees amounting to QAR 167 million equivalent to RS 433 crores were canceled during the quarter.”

“The transaction remains subject to satisfactory due diligence, product validation, definitive agreements and necessary approvals.”

“new order book remained delayed following the impact of the conflict in the Middle East.”

“So the -- currently, the QCO norms is that up to 30%, you can import from sort of -- of your FY25 numbers.”

“While Q2 is traditionally a leaner period for the cooling industry and geopolitical uncertainties continue to create commodity currency and supply volatility,”

“Current table requirement, which goes on to next year December, '27. December, '28, there's another table change. All these products are capable of getting upgraded to a better energy efficiency.”

“For the quarter ended 30th June 2026, Voltas recorded consolidated income of Rs 4,765 crores compared to Rs 4,021 crores in Q1 FY26.”

“Profit before tax was Rs 285 crores versus Rs 203 crores in the previous -- for the same period last year.”

“Net profit was Rs 213 crores compared to Rs 141 crores last year.”

“The company achieved a significant milestone by selling 1 million RACs in just 81 days,”

“And out of the Split ACs, which is the balance, 90%, we have a 70-30 mix, actually 75-25 mix kind of thing between Self-manufactured and OEM manufactured.”