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ICICI Securities Report
Voltas Ltd. remained in focus after ICICI Securities maintained its "Add" rating and unchanged target price of Rs 1,400 following the company's strong June-quarter performance, driven by robust room air-conditioner (RAC) demand, market-share gains and improving profitability.
According to the brokerage, Voltas delivered a strong Q1 FY27 performance, with revenue, Ebitda and adjusted profit after tax rising 18.7%, 48.7% and 52.3% YoY, respectively. The growth was supported by a strong summer season, higher operating leverage and continued leadership in the RAC segment.
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