NSE: VOLTAS | BSE: 500575

Expensive Star

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1405.20 -55.50 (-3.80%)

663 NSE Volume

NSE 19 Jan, 2026 9:07 AM (IST)

46,495.9

Market Cap

High in industry

Beta 1Year

Low volatility

Voltas Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VOLTAS, BSE:500575 Voltas Ltd.

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Voltas Ltd.

18 Dec 2025

1405.20

-3.80%

RAC downtrend bottoming out; market share in focus

Neutral: Voltas Ltd.

Motilal Oswal

VOLT highlighted that RAC volume remained under pressure in 3QFY26 due to higher channel inventory (~45 days) and a strong winter, though the YoY decline has moderated and there are multiple levers (GST rate cut increase affordability, energy label changes) to drive demand going forward.

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

18 Dec 2025

1405.20

-3.80%

Demand recovery in sight, though margin pressure persists

Buy: Voltas Ltd.

Target

Emkay

We attended Voltas’s analyst meet, to gain deeper insight into its growth roadmap/demand environment. The management indicated prebuying activity ahead of the BEE rating changes wef 1-Jan-26 and inventories gradually depleting from 60 days (in Q2FY26) to 45 days (currently) vs 20-25 days (in Q3FY25).

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

11 Dec 2025

1405.20

-3.80%

VOLTAS LTD

Accumulate: Voltas Ltd.

Target

Geojit BNP Paribas

Voltas delivered steady performance in Q2FY26, driven by its diversified portfolio, disciplined project execution and strengthening presence in commercial cooling and appliances. Overall performance remained subdued due to demand deferment, seasonal weakness and softer traction in core cooling. Management expects conditions to gradually improve, supported by GST-led affordability, the Bureau of Energy Efficiency transition, upcoming product refreshes, stronger channel activation and localisation-led efficiency gains. Expansion in Commercial Air Conditioning (CAC), refigeration, Voltbek and infrastructure solutions should provide...

Voltas Ltd. is trading above all available SMAs

Voltas Ltd.

14 Nov 2025

1405.20

-3.80%

Disappointing performance; recovery expected in 2HFY26

Neutral: Voltas Ltd.

Target

Motilal Oswal

Voltas (VOLT)’s revenue declined ~10% YoY to INR23.5b (in line) in 2QFY26, driven by a 23%/5% dip in UCP/PES segments, while EMPS revenue grew ~10% YoY.

Voltas Ltd. is trading above all available SMAs

Voltas Ltd.

22 Sep 2025

1405.20

-3.80%

Voltas (VOLT IN) Analyst Meet Update Moderate quarter...

Hold: Voltas Ltd.

Target

Prabhudas Lilladhar

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

21 Sep 2025

1405.20

-3.80%

Management call update: Near-term margin pressure to continue; GST reduction to drive growth

Hold: Voltas Ltd.

Target

ICICI Securities Limited

The primary as well as secondary sales were impacted in Q2FY26 due to excess trade inventory at beginning of Q2FY26 and five weeks difference in announcement and implementation of GST reduction – that’s the chief takeaway from the management call.

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

20 Sep 2025

1405.20

-3.80%

Festive tailwinds and GST cut trigger demand recovery in 2H

Neutral: Voltas Ltd.

Motilal Oswal

We interacted with the management of Voltas (VOLT) to understand the current demand trend, the company’s strategy to play festive demand and GST rate cuts, and the segmental performance.

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

11 Aug 2025

1405.20

-3.80%

Excess inventory likely to weigh on rest of FY26; Downgrade to HOLD

Hold: Voltas Ltd.

Target

ICICI Securities Limited

Voltas’ Q1FY26 performance was weighed down by softer summer product sales, following an unusually early monsoon.

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

10 Aug 2025

1405.20

-3.80%

Eyes Q3 recovery amid short-term headwinds; retaining a Buy

Buy: Voltas Ltd.

Target

Anand Rathi

Hit by an erratic summer, Voltas’ UCP fell 25% y/y in Q1, its market share down to 17.8% (June-end 19.3%). Under-absorption and higher promotions squeezed margins, while inventory was high.

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Voltas Ltd.

09 Aug 2025

1405.20

-3.80%

Weak performance; eyes recovery in the festive season

Neutral: Voltas Ltd.

Motilal Oswal

Voltas (VOLT)’s 1QFY26 earnings were below our estimate. Revenue dipped ~20% YoY to INR39.4b (-10% vs. estimate), due to ~25%/16%/3% YoY decline in UCP/PES/EMPS revenue.

Voltas Ltd. has an average target of 1454.14 from 7 brokers.

Is Voltas Ltd. worth buying?

395 Votes:

Buy 75.95%

Sell 17.47%

Hold 6.58%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Buy SEE REPORTS >

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