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Yes Securities Report
Voltas Ltd., after consistently gaining market share since FY16 has seen its market share decline in FY22; decline in share in the Southern region has dented overall market share for the company as South has seen early summers.
Voltas has already initiated corrective actions and expects to re‐gain its lost market share in South. Margins in cooling products have taken a hit as competitive pressures and quest to re‐gain its lost market share are resulting in company holding on to prices despite raw material inflation.
Volt‐ Bek continues to do well on the revenue front with company achieving exit market share of 3.5% and 4% respectively in refrigerators and washing machines.
The projects business is now witnessing improved profitability on back of selective execution resulting in revenue decline and lower order book for FY22.
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