Voltas - Aims To Retain Market Share, High Single-Digit Margins: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Voltas Ltd. management in the Q1 FY25 earnings call indicated that it maintains its leadership position in the RAC segment, with a market share of 19.5% in Q1 FY25. It maintains margin guidance to be in the high single-digit, with continuing leadership position in the room AC segment. In EMPS, domestic business grew 50% YoY, whereas in international business, the UAE and Saudi Arabia continued to deliver healthy growth. It also highlighted that in respect of claims pertaining to FY23, the arbitration was awarded in the company’s favor. However, the collection of the proceeds will take some time. Though the second quarter remains a lean period for cooling products, the start of the festival season would lead to a spurt in demand.In our Q1 FY25 result update, we raised our earning per share estimates by 19%/4% for FY25/FY26, led by strong revenue growth and Q1 performance. We reiterate our 'Buy' rating on the stock with a target price of Rs 1,800 based on 50 times September 2026E earning per share for the unitary cooling product segment, 35 times September 26E earning per share for the PES and EMPS segments, and Rs 38/share for Voltbek..Click on the attachment to read the full report:.CCL Products Q1 Results Review - Volume-Led Growth Continues; Maintain Buy: Axis Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Voltas - Aims To Retain Market Share, High Single-Digit Margins: Motilal Oswal

The brokerage expect the company’s Ebitda/adjusted profit to report a CAGR of 51%/79% over FY24-27, partly due to a low base, says the brokerage.

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Voltas - Aims To Retain Market Share, High Single-Digit Margins: Motilal Oswal

The brokerage expect the company’s Ebitda/adjusted profit to report a CAGR of 51%/79% over FY24-27, partly due to a low base, says the brokerage.

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