India's Voltas slides as management said to anticipate subdued demand

Voltas

19/12/2025 08:11

** Shares of Voltas VOLT.NS down 2.3% to 1,369.2 rupees

** After the air-conditioner maker's analyst group meeting, HDFC Securities notes demand to stay subdued in Q3 and cost pressure is rising

** Brokerage expects co's growth to remain subdued in FY26, pick-up expected from FY27, cuts FY26 rev estimates by 3-4%

** Elevated channel inventory continues to act as near-term overhang - Antique Stock Broking
** Co's management indicated volume pressures are easing, operations to normalize from Q4 - Nirmal Bang

** Stock set to fall most in a session since Nov 24

** Avg rating of 37 analysts is "hold", median PT 1,420 rupees, ~4% higher than current price - data compiled by LSEG

** YTD, VOLT down ~23.5%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))