Voltas Ltd.Income +18%, net profit +51%, RAC volume +45%

Voltas reported Q1 FY27 consolidated income of ₹4,765 Cr, up from ₹4,021 Cr, with profit before tax of ₹285 Cr against ₹203 Cr and net profit of ₹213 Cr against ₹141 Cr.

Room air conditioner volumes rose 45% against industry secondary sales growth of about 15%, lifting secondary market share to 17.3% and the lead over the nearest rival to four points, with 1 million units sold in 81 days. Unitary cooling EBIT margin was 5.3% against 3.7% as cost inflation of 10% to 12%, from a star-rating table change, commodities, the rupee and freight, was passed on nearly in full. Voltbek posted record sales but its EBITDA breakeven is pushed out by a few quarters, with Voltas's share of loss at ₹37 Cr.

Commercial refrigeration was muted as the industry fell about 15%. Electromechanical projects were soft, with a ₹6,345 Cr carryover order book and recovery expected in Q3 and Q4. A 50-50 compressor joint venture with Atomberg targets 2.8 million units and commercial production in about 18 months.