Buy Voltas; target of Rs 650: Dolat Capital

Dolat Capital's research report on Voltas

The Voltas annual report reverberates its prestigious market leadership position in the room air conditioner segment along with focus on using innovation and a strong balance sheet as a competitive advantage. The company believes that in the AC category with low penetration estimated at under 6%, combined with uninterrupted and better power availability across India, provides ample runway for future growth.

Outlook

It also aims to replicate this model in its appliances foray (through Voltbek).

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