Voltas Limited — Q4FY26 earnings call summary

Filed 20 May 2026 · Official transcript

Projects order book INR 6,200 Cr with INR 4,500 Cr domestic; margin protected by price variation clauses
Margin recovery expected gradually towards FY25 levels; cost reduction and localization ongoing
Strong demand outlook for FY27 with 15-20% industry growth expected; focus on premiumization and operational efficiency
Q4 FY26 consolidated total income INR 4,930 Cr (+1.7% y-y); net profit INR 113 Cr (-52%)
FY26 consolidated total income INR 14,483 Cr (-8% y-y); net profit INR 377 Cr (-55%)
Cooling segment led by RAC with 2.25 mn units volume; launched AI-powered Vertis Split AC series
Manufacturing capacity at Chennai 1.5 mn units; channel inventory reduced to ~30-45 days
Price hikes of 5-10% on new models plus 2-3% commodity cost pass-through; GST cut cushions impact