Voltas' growth prospects remain cool as ever

Despite GST-led reduction in inventory by trade, analysts see good growth in revenue in FY18

Ujjval Jauhari 

Voltas’ revenues for the quarter ended June 2017 (Q1) were broadly in line with the Street’s expectations despite the goods and services tax (GST)-led reduction in inventory by trade partners.  The company’s profitability was better than expectations, surprising investors. Given the return to normalcy in the air-conditioning segment, improvement in orders in projects and expansion in margins, analysts believe the company will perform well, leading to its stock price rising. Unitary cooling products, which is primarily the air-conditioner (A/C) segment ...

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