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Voltas Shares Downgraded To 'Neutral' By Motilal Oswal— Weather Headwinds Hurt Demand; Recovery Defers
Anticipating a strong summer, Voltas had built up inventory, but erratic weather conditions led to a weaker-than-expected season.
18 Jun 2025, 06:54 AM IST 
Industry demand saw ~20-25% decline in Apr-May’25, with Voltas reflecting a similar trend. (Photo Source: Usha Kunji /NDTV Profti)
Voltas maintains a leadership position in RAC with ~19% market share and benefits from the ramp-up of its Chennai facility. However, a delayed summer and unfavorable weather conditions have adversely impacted growth for the UCP segment.
