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

But, analysts have lowered earnings estimate due to high channel inventory

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 conditioners segment, with its share rising 50 basis points YoY to