Voltas Limited — Q1FY27 earnings call summary

Filed 20 August 2026 · Official transcript

Projects segment order book Rs 6,345 Cr; focus on shorter gestation, value-accretive orders
Capex for FY27-28 mainly maintenance; major JV capex expected FY28-29
Multiple analyst queries on compressor JV details, margin outlook; management optimistic on gradual margin improvement
Q1 FY27 consolidated revenue Rs 4,765 Cr +18.5% y-y; PAT Rs 213 Cr +51% y-y
UCP EBIT margin improved to 5.3% from 3.7% last year; cost inflation largely passed on
Channel inventory steady at ~4 weeks; cautious restocking expected for festive season
Room AC segment volume growth 45%, market share 17.3%, lead widened by 4 points
Voltbek highest ever quarterly sales; market share 9.4% in washing machines, 7.4% refrigerators