Voltas - Firing On All Cylinders; Upgrading To A Buy: Anand Rathi

Voltas Beko continues gaining market share in refrigerators and washing machines, says the brokerage.

Image used for representational purpose (Source: Voltas website)

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Anand Rathi Report

Robust room AC volume growth in Q1 set the pace for Voltas Ltd.’s strong FY25. It continues its market-leading position in RACs, gaining market share in Q1 (21.2%; 18.7% at end-Q4).

After many headwinds, in Q1 it reported positive Ebit in EMP. Voltas Beko continues gaining market share in refrigerators and washing machines. Factoring in all the positives we upgrade the stock to a 'Buy' with a higher 12-month target price of Rs 1,844.

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Anand Rathi -Voltas Update.pdf
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Also Read: Aster DM Healthcare Q1 Results Review - Strong Quarter; Margin Improvement Continues: Prabhudas Lilladher

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