BROKERAGE TAKE: Nuvama on Voltas: Buy| Target Rs 1810| LTP Rs 1494| Upside 21%




In its recent business update conference call, Voltas reported a robust 35% revenue growth in the Room Air Conditioner (RAC) segment for the period from April 2024 to February 2025, surpassing the industry growth of 30%.

The company addressed concerns regarding its recent market share loss in January and February, asserting that these worries were unfounded.

Although Voltas did not provide specific details on compressor availability, its guidance to continue outpacing RAC industry growth and gaining further market share, with a strong focus on absolute profit growth, provided confidence moving forward.

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