ICICI Securities Ltd | Retail Equity Research Voltas' Q2FY17 consolidated revenues de-grew ~6% YoY to ~| 982 crore mainly due to fall in revenue from EMPS and EPS segment by ~15% and ~22% YoY, respectively. However, ~14% YoY growth in UCP segment revenue (driven by festive demand) helped partly offset the decline in consolidated revenue. Further, while Voltas witnessed significant growth in secondary sales volumes (of cooling products) in Q1, Q2FY17 saw higher demand from channel partners,...