Voltas' consumer business delivers a cool surprise in Q4, posts 20% growth

Topics Voltas | Q4 Results | Lockdown

Voltas’ stock surged over 12 per cent on Monday, after the air conditioning equipment major reported a strong performance in the March quarter (Q4). The better-than-expected results were announced on Friday evening. The company’s unitary cooling products (UCP), or the consumer segment, posted a strong 20 per cent year-on-year (YoY) growth despite the lockdown impacting sales during the latter part of March. Profit margin, too, was strong at 14.6 per cent. The company said that based on sales at multi-brand outlets, it maintained its market leadership in the room air condition.....

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