NSE: VOLTAS | BSE: 500575

Expensive Star

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1529.40 7.00 (0.46%)

New 52W High in past week

11,434 NSE+BSE Volume

NSE 26 Feb, 2026 9:16 AM (IST)

50,605.5

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.

30 Jan 2026

1529.40

0.46%

Voltas (HOLD): Recovery underway, but margins remain under pressure

Hold: Voltas Ltd.

Target

BOB Capital Markets Ltd.

Q3 revenue flat YoY with strong QoQ recovery; EBITDA missed estimates as UCP margin took a hit, on account of channel support

Voltas Ltd. has an average target of 1469.86 from 7 brokers.

Voltas Ltd.

29 Jan 2026

1529.40

0.46%

UCP beats estimates; strong margin in EMPS

Neutral: Voltas Ltd.

Target

Motilal Oswal

Voltas (VOLT)’s 3QFY26 revenue declined ~1% YoY to INR30.7b (in line), led by ~21%/9% YoY growth in the PES/UCP segments, while EMPS revenue dipped ~18% YoY.

Voltas Ltd. has an average target of 1469.86 from 7 brokers.

Voltas Ltd.

18 Dec 2025

1529.40

0.46%

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 1469.86 from 7 brokers.

Voltas Ltd.

18 Dec 2025

1529.40

0.46%

Voltas (HOLD): Analyst meet key takeaways

Hold: Voltas Ltd.

Target

BOB Capital Markets Ltd.

Pre-buying by the channel on 1) BEE rating change, 2) existing discounts and 3) inflationary trend (currency depreciation)

Voltas Ltd. has an average target of 1469.86 from 7 brokers.

Voltas Ltd.

18 Dec 2025

1529.40

0.46%

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 1469.86 from 7 brokers.

Voltas Ltd.

11 Dec 2025

1529.40

0.46%

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 1469.86 from 7 brokers.

Voltas Ltd.

16 Nov 2025

1529.40

0.46%

Voltas (HOLD): Miss estimates; maintains leadership

Hold: Voltas Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue and EBITDA below estimates; 10% YoY drop led by a sharp 23% decline in UCP sales (-23% YoY) amid weak RAC offtake

Voltas Ltd. is trading above all available SMAs

Voltas Ltd.

14 Nov 2025

1529.40

0.46%

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 has gained 16.27% in the last 1 Month

Voltas Ltd.

22 Sep 2025

1529.40

0.46%

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

Hold: Voltas Ltd.

Target

Prabhudas Lilladhar

Voltas has gained 16.27% in the last 1 Month

Voltas Ltd.

21 Sep 2025

1529.40

0.46%

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 has gained 16.27% in the last 1 Month

Is Voltas Ltd. worth buying?

397 Votes:

Buy 76.07%

Sell 17.38%

Hold 6.55%

RESEARCH REPORTS

Hold SEE REPORTS >

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Neutral SEE REPORTS >

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