Voltas Ltd (NSE:VOLTAS)

Q2 2026 Voltas Ltd Earnings Call Transcript

Nov 14, 2025 / 09:30AM GMT

Release Date Price: ₹1350.9 (+1.05%)

Transcript

Key Points

Positve

Voltas Ltd (BOM:500575) maintained its market leadership in the residential RAC segment, with market share increasing from 16% in Q4 FY25 to 18.5% in Q2 FY26.
The reduction of GST from 28% to 18% is expected to drive significant demand in the coming quarters, benefiting Voltas Ltd (BOM:500575).
Voltas Ltd (BOM:500575) has a robust consolidated order book exceeding INR 6,200 crores, positioning it well for steady growth.
The company is focusing on product innovation, manufacturing excellence, and channel revitalization to capitalize on emerging market opportunities.
Voltas Ltd (BOM:500575) is diversifying its portfolio with strong growth in complementary categories such as air coolers, water heaters, and fans.

Negative

Voltas Ltd (BOM:500575) reported a decline in consolidated total income and profit before tax compared to the previous year, impacted by cyclical factors in the cooling segment.
The company faced challenges with elevated inventory levels due to a lean season and delayed consumer purchases.
Margins were temporarily impacted by absorption in new facilities and higher marketing support to sustain retail momentum.
The cooling products category experienced a difficult H1, with muted retail offtake and higher channel inventory.
Voltas Ltd (BOM:500575) is cautious about the potential impact of prolonged monsoons and early winter onset on demand.

Operator

Ladies and gentlemen, good day and welcome to Voltas Limited Q2 FY26 earning conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Natasha. Thank you and over to you.

Natasha Jain;India;Pvt Ltd;Analyst

Natasha Jain - PhillipCapital

()-

Thank you. I'm Natasha Jane. On behalf of Philip Capital, welcome all of you to the second quarter FY26 earnings conference call of Voltas India Limited. From the management today, we have Mr. Mukundan Menon, Managing Director; Mr. K.V. Sridhar, Chief Financial Officer; Mr. Nikhil R Chandarana, Head Corporate Finance, and Mr. Vaibhav Vora, Head Treasury.

I request the management to give their opening commentary post which we shall open the floor for Q&A. Thank you and over to you, sir.

K. V. Sridhar

Voltas Ltd - Chief Financial Officer

This is Sridhar here, CFO Voltas Group. To start off, I think Voltas is positioned for future growth with strong

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.