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Dolat Capital Report
We interacted with the management of Voltas Ltd. for an update. Industry prospects are looking bright with the anticipated severity in the summer.
The company aims to continue with its market leading share without sacrificing margins and reckons the current 5-6% price increase should cover current commodity costs.
It may take a further view on pricing depending on input costs and channel response in the coming weeks.
The views on restructuring, engineering business and Beko were largely in line with the narrative of the Q3 conference call.
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