India's Voltas falls; Elara says co sees drop in room air conditioners sales

Voltas

19/06/2025 10:50

** Shares of Voltas VOLT.NS fall 2% to 1,265.30 rupees, set to fall for third straight session

** Brokerage Elara says VOLT management expects contraction of 20-25% Y/Y in room air conditioners sales during April-May, June to date sales flat Y/Y

** Other categories in unitary cooling products segment seen lower-than-expected performance due to weak summer demand - note

** Brokerage retains 'accumulate' rating and price target at  1,330 rupees

** Adds, faster turnaround in Voltas Beko, and recovery of provision in electro mechanical projects are triggers to a re-rating for VOLT

** VOLT down ~29% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))