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HomeNewsBusinessStocksHold Voltas; target of Rs 1441: Prabhudas Lilladher

Hold Voltas; target of Rs 1441: Prabhudas Lilladher

Prabhudas Lilladher recommended hold rating on Voltas with a target price of Rs 1441 in its research report dated September 22, 2025.

September 22, 2025 / 14:14 IST
Hold
     
     
    26 Aug, 2025 12:21
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    Prabhudas Lilladher's research report on Voltas

    We attended VOLT’s analyst conference call wherein the management highlighted its focus on regaining sales momentum in cooling products, diversifying into a full-stack appliances portfolio, and driving cost saving measures across the value chain to ensure sustainable margins. VOLT anticipates a softer recovery in RAC demand with GST rationalization and festive demand due to inventory accumulation in Q1FY26. VOLT maintains the top position in RAC segment (18% market share) and aims to be the top player in air coolers from current #2 spot. Price hikes are anticipated in Jan’26 in 3 and 5 star RAC products. We introduce FY28 numbers and estimate revenue/EBITDA/PAT CAGR at 9.7%/11.5%/14.9% over FY25-28E.

    Outlook

    The stock is currently trading at 42x/37x of FY27/FY28E. There is no change in our estimates and roll forward to Sep’27E, revise SOTP-based TP to Rs1,441 (earlier Rs1,268), implying PE of 40x Sep’27E earnings. Maintain ‘HOLD’.

    For all IPO report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Voltas - 22 - 09 - 2025 - prabhu

    Broker Research
    first published: Sep 22, 2025 02:14 pm

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