Staring at single-digit growth in near term We met the Voltas management for an update on its growth outlook and the key takeaways are as follows: a) While unseasonal rains continued to play havoc, a favourable base and market share gains may help maintain single-digit volume growth. b) The company hiked prices by 2-5% from mid-May'18 to counter rising commodity prices and a depreciating INR (40-45% import content in room ACs). c) Consumer durables products under the Voltbek JV are slated to be launched during the festive season in 2HFY19; these would be imported in CKD form for the first 18 months. d) An increase in the share of rural electrification (RE)...