NSE: VOLTAS | BSE: 500575

Expensive Star

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1380.50 -13.80 (-0.99%)

25.76% Fall from 52W High

666.9K NSE+BSE Volume

NSE 17 Dec, 2025 3:31 PM (IST)

45,678.6

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.

11 Dec 2025

1380.50

-0.99%

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. has an average target of 1447.00 from 7 brokers.

Voltas Ltd.

14 Nov 2025

1380.50

-0.99%

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.

Geojit BNP Paribas increased Accumulate price target of Voltas Ltd. to 1521.0 on 11 Dec, 2025.

Voltas Ltd.

22 Sep 2025

1380.50

-0.99%

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

Hold: Voltas Ltd.

Target

Prabhudas Lilladhar

Geojit BNP Paribas increased Accumulate price target of Voltas Ltd. to 1521.0 on 11 Dec, 2025.

Voltas Ltd.

21 Sep 2025

1380.50

-0.99%

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.

Geojit BNP Paribas increased Accumulate price target of Voltas Ltd. to 1521.0 on 11 Dec, 2025.

Voltas Ltd.

20 Sep 2025

1380.50

-0.99%

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.

Geojit BNP Paribas increased Accumulate price target of Voltas Ltd. to 1521.0 on 11 Dec, 2025.

Voltas Ltd.

11 Aug 2025

1380.50

-0.99%

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. is trading above all available SMAs

Voltas Ltd.

10 Aug 2025

1380.50

-0.99%

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 1447.00 from 7 brokers.

Voltas Ltd.

09 Aug 2025

1380.50

-0.99%

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. is trading above all available SMAs

Voltas Ltd.

09 Aug 2025

1380.50

-0.99%

Voltas (VOLT IN) Q1FY26 Result Update Voltas bets...

Hold: Voltas Ltd.

Recommendation Target

Prabhudas Lilladhar

We downward revise our FY26/FY27E earnings estimate by 18.5%/6.2% factoring in correction in aggregate volume in UCP while margins are expected to be at 5% due to promotional offers aimed at liquidating inventory, high fixed costs from low plant utilization, and increases in cost due to BEE norms. Anticipating strong demand, Voltas's trade partners had built up inventory; however, softer secondary sales led to slower off-take and elevated stock levels, prompting the company to temporarily scale back production. UCP EBIT margins contracted due to focus on driving volumes through aggressive pricing...

Voltas Ltd. has an average target of 1447.00 from 7 brokers.

Voltas Ltd.

18 Jun 2025, 12:00AM

1380.50

-0.99%

Muted summer trends, albeit priced in; retain BUY

Buy: Voltas Ltd.

Recommendation Target

Emkay

We attended Voltas’s analyst meet to gain deeper insight into its growth roadmap/demand environment. The management indicated a ~20– 25% decline in RAC secondary sales across players in Apr-May ’25, with a similar impact expected on primary sales, till inventory levels normalize.

Geojit BNP Paribas increased Accumulate price target of Voltas Ltd. to 1521.0 on 11 Dec, 2025.

Is Voltas Ltd. worth buying?

393 Votes:

Buy 75.83%

Sell 17.56%

Hold 6.62%

RESEARCH REPORTS

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Neutral SEE REPORTS >

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