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VOLTAS AC BUSINESS
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- Voltas bets on first-time buyers to drive summer demand reboundVoltas expects strong double-digit revenue growth for its room air conditioners this summer. The company is banking on a surge of first-tim...
- Voltas battling talent exodus amid office relocation, job title changesTata-owned Voltas is facing a significant talent exodus with numerous senior and mid-level executives leaving, primarily due to the relocat...
- AC makers' profits soar in April-June amid blistering heatDuring the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand fro...
- Voltas Q1 Results: Standalone net profit jumps 58% YoY to Rs 339.14 crore, revenue rises 45%In the company's unitary cooling products segment, which includes the AC business, revenue surged by 51% year-on-year to Rs 3,802.17 crore ...
- AC market to witness price war as MNCs enter mass segmentAs per the reports, brands like Daikin and Hitachi have started to enter into the mass-market AC segment with pricing as their weapon. Sams...
- Voltas upside may be limited by its ability to raise pricesThe stock has risen 10 per cent in the past one month, mainly due to the recent tax cuts.
- Buy Voltas, target Rs 681: Reliance SecuritiesVoltas is a largecap company, operating in consumer durables sector.
- Voltas eyeing Sharp India plant"Voltas is currently conducting due diligence on the Sharp India plant for the proposed buyout," added one of the sources, saying the talks...
- Tata company Voltas eyes Videocon's home appliances brand KenstarVoltas has completely grown its airconditioning business -the second biggest revenue generating unit after electro-mechanical projects and ...
- Accumulate Voltas, target Rs 350: Prabhudas LilladherThere is long term opportunity in Room AC which continues to be strong given the rising income levels, easy availability of finance and low...
- Voltas topples LG to be the No. 1 in AC businessThe AC market accounts for sales of 3.2 million units annually but has been witnessing tepid growth over the last two years.
- Voltas topples South Korean companies like LG, Samsung in consumer electronics; grabs No 1 spotThis was the first full year in which Voltas sustained its leadership throughout, with LG having fought back to the top in some months in F...
- Voltas plans JV with Arcelik, to enter home appliances spaceVoltas plans to launch its own refrigerators, washing machines and microwave ovens after forming a joint venture with Arcelik.
- Voltas leads air-conditioner market; LG slips to number 2 positionSamsung retained its third slot in room ACs but its market share has plunged from 14.5% in July 2011 to 10% in May 2012.
- Bank of America retains the 'Buy' rating on VoltasBank of America retains the 'Buy' rating on Voltas and raises the target price to Rs 240, as the stock could re-rate to a PE of 16x FY12E d...
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