NSE: VOLTAS | BSE: 500575

Expensive Performer

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1322.60 -46.20 (-3.38%)

52W high on Feb 27, 2026

1.3M NSE+BSE Volume

NSE 27 Mar, 2026 3:31 PM (IST)

43,762.8

Market Cap

High in industry

Beta 1Year

High 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.

09 Mar 2026

1322.60

-3.38%

Axis Punch:Voltas

Buy: Voltas Ltd.

Recommendation Target

Axis Direct

We recommend a BUY rating on the stock with a TP of Rs 1,628/share, implying an upside of 10% from the CMP.

Axis Direct upgraded Voltas Ltd. to Buy with a price target of 1628.0 on 09 Mar, 2026.

Voltas Ltd.

30 Jan 2026

1322.60

-3.38%

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 1489.62 from 8 brokers.

Voltas Ltd.

29 Jan 2026

1322.60

-3.38%

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 1489.62 from 8 brokers.

Voltas Ltd.

18 Dec 2025

1322.60

-3.38%

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 1489.62 from 8 brokers.

Voltas Ltd.

18 Dec 2025

1322.60

-3.38%

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 1489.62 from 8 brokers.

Voltas Ltd.

18 Dec 2025

1322.60

-3.38%

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 1489.62 from 8 brokers.

Voltas Ltd.

11 Dec 2025

1322.60

-3.38%

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...

Axis Direct upgraded Voltas Ltd. to Buy with a price target of 1628.0 on 09 Mar, 2026.

Voltas Ltd.

16 Nov 2025

1322.60

-3.38%

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 below all available SMAs

Voltas Ltd.

14 Nov 2025

1322.60

-3.38%

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.