Voltas Is Capturing The AC Market, But Margins Are Heating Up; Brokerages Reset Targets
Voltas is gaining ground in the room air conditioner market, with market share rising to 18.6% and channel inventory normalising below 30 days. While BofA and HSBC remain bullish, Jefferies and Nuvama have flagged margin pressures and cut earnings/target assumptions. Data centre orders and the planned compressor JV offer additional growth avenues.
