ICICI Securities Ltd | Retail Equity Research Voltas' Q1FY18 consolidated revenues recorded growth of 6.1% YoY led by the strong performance of the EMPS segment owing to faster execution of domestic orders. However, the unitary cooling product (UCP) segment recorded a muted performance led by unseasonal rains and de-stocking at the dealer's level at the time of transition to GST. Despite intense competition, Voltas continues to be the market leader in the room air conditioner segment with a...