Brokerages are optimistic about Voltas, projecting a 21% potential surge in its shares, driven by expected strong AC sales due to extreme summer heatwaves. Here’s a breakdown:

• The Room Air Conditioner (RAC) industry has grown 30%, with Voltas outperforming at 35%.
• Voltas is maintaining its market share and EBIT margin guidance, prioritizing revenue growth without raising prices.
• Both domestic and global brokerages are bullish on the Tata Group company, citing confidence in meeting rising demand for air conditioners.
• The industry is forecasted to see robust sales in CY25, aided by extreme heatwaves similar to those in CY24, with early signs of summer already visible in West and South India.
• Voltas has outpaced the RAC industry growth, focusing on maintaining market share and high-single-digit EBIT margins while expanding in the Unitary Cooling Products (UCP) segment.