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Room AC firms set to have a moment in the sun?
Room air-conditioner sales surged 40% in Q1FY27 on heatwaves and a delayed monsoon, with Voltas crossing 1 million units in record time. But rising input costs and Bureau of Energy Efficiency-linked price hikes of 5-12% threaten to erode margins even as premium demand stays resilient.
Noel Tata Says Voltas Evaluating Entry Into Compressor Manufacturing
Noel Tata announced to step down from the chairmanship of Voltas.
Voltas gears up to start AC exports to tap growing demand in Europe, Middle East
Voltas, India's leading air-conditioner maker, is set to expand its global footprint by exporting to Europe and the Middle East, leveraging its existing manufacturing capacity. Chairman Noel Tata announced his departure from the board, citing retirement age. The company is also reviewing in-house compressor manufacturing after a previous joint venture faced regulatory hurdles.
Noel Tata steps down as Voltas chairman days after Trent exit
Addressing shareholders of the leading cooling products maker in its 72nd annual general meeting (AGM), Noel Tata, 69, said this would be his last AGM as Chairman of Voltas.
Noel Tata announces exit as Voltas chairman at company's AGM
Veteran Tata Group leader Noel Tata is stepping down as Chairman of Voltas, marking his final AGM in the role. He expressed confidence in the company's next-generation leadership, developed through internal promotions and external hires. Tata, who also recently announced his departure from Trent's chairmanship, cited the company's strong performance, including its air conditioning business exceeding one million unit sales in a record 81 days.
Consumer companies ramp up festive production on demand hope
Leading electronics contract manufacturers such as Dixon Technologies and PG Electroplast highlighted a "high" double-digit increase in orders across categories including televisions, lighting products, washing machines, and refrigerators. PG Electroplast, which supplies to brands such as LG, Midea, Voltas, Whirlpool, and Daikin, said its festive order book has grown by 40% over last year. Dixon counts Samsung, Xiaomi, Haier, and Philips among its customers.
Godrej, Blue Star See Premium Push After Voltas' 1-Million-AC Sales Signal Strong Summer Demand
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Voltas soars 5% on crossing 1 million air conditioner sales in FY27
Voltas crosses 1 mn AC sales in record time: Looking ahead, the outlook for FY27 remains positive, supported by India's underlying growth trajectory and favourable structural drivers, Voltas said.
Voltas gains as FY27 AC sales cross 1 million units in record time
Voltas rose 2.53% to Rs 1,366.90 after the company announced that it had crossed the milestone of 1 million air conditioner sales in FY27 within the first three months of the financial year.
Voltas share price surges 5% after Tata Group company's AC sales cross 1 million mark in Q1FY27. Do you own?
Voltas share price opened at ₹1,384 apiece today, as compared to previous close of ₹1,343 on Friday last week. Tata Group stock touched an intraday high of ₹1,412 per share on 22 June.
Voltas shares soar 5% as firm’s AC sales cross 1 million mark in record time in Q1 FY27
Voltas shares surged after the Tata Group firm announced a record-breaking achievement: selling over one million air conditioners in less than three months of FY27. This milestone underscores strong consumer demand and Voltas' dominant position in the Indian AC market, driven by product innovation and strategic initiatives. Management expressed confidence in continued growth and market leadership.
Stocks to Watch today: RIL, RVNL, Voltas, Sun Pharma, TaMo, Bharat Forge
Stocks to Watch today: RIL, RVNL, Voltas, Sun Pharma, TaMo, Bharat Forge, Dalmia Bharat are among other stocks that will be in focus today.