Voltas Limited — Q2FY27 earnings call summary

Filed 12 November 2026 · Official transcript

Projects order book INR 6,800 Cr+, focus on selective, profitable order booking
Voltbek home appliances achieved highest Q2 sales; aiming EBITDA breakeven next year
EMPS segment delivered high double-digit revenue growth; margin target 4-6% long-term
Market share growth prioritized over margin percentage; replacement cycle and distribution reach support confidence in margin recovery
Q2 FY27 consolidated revenue INR 2,746 Cr +14% y-y; PAT INR 48 Cr +50% y-y
Unitary Cooling Products revenue +29%, improved profitability despite cost pressures
Room AC volume growth 32% with 17.4% market share YTD Sep 2026, up 1.5 pts y-y
Channel inventory at 3 weeks vs 4-6 weeks last year; extended summer supports demand