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Voltas Eyes Sequential Recovery Amid Market Challenges; Nirmal Bang Maintains 'Hold', Revises Target Price 

Ongoing market share losses, high inventory,margin pressures overshadow any potential benefits from strategic initiatives, adds the brokerage.

<div class="paragraphs"><p>Voltas, the market leader with an 18% share in the RAC seg, is looking to strengthen its position by expanding its premium portfolio.</p><p>(Photo source: Freepik)</p></div>
Voltas, the market leader with an 18% share in the RAC seg, is looking to strengthen its position by expanding its premium portfolio.

(Photo source: Freepik)

Management expects a sequential recovery through Q3 and Q4, with Q3 anticipated to perform particularly well. This optimism is underpinned by multiple growth drivers, including strong festive demand, the GST rate reduction from 28% to 18% for ACs and dishwashers effective 22-Sep, and pentup demand from the subdued summer.
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