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Informist, Thursday, Jan. 29, 2026

By Shakshi Jain and Shruti Nair

MUMBAI – Voltas Ltd. Thursday affirmed that product prices are likely to increase due to factors such as higher commodity cost and currency fluctuations, as well as the implementation of star-rating norms by the Bureau of Energy Efficiency from Jan. 1. However, it is yet to decide on the quantum and time of initiating the price hikes.

"...we are monitoring it (the situation) very closely, and then, closer to the time when the new table products start getting introduced into the market, we will take a call on this (prices). But the direction is that actually there is going to be a price increase and many of these will have to be passed through to the channel partners...," the company's management said in a post-earnings conference call with analysts. 

Overall, the company expects the ongoing quarter to be a mixed one in terms of pricing. The channel partners are estimated to be holding five to six weeks worth of inventory, which is expected to be cleared by mid-March, before products conforming to the new BEE norms take over the shelves. The management expects the new prices to stabilise in a couple of months. 

"...all the brands are almost on equal level-playing field with respect to availability of the old stock versus the new stock," the management said.

Among other areas, the management said Voltas has decided to focus more on the mechanical, electrical, and plumbing vertical, when compared with the water and electrical and solar verticals under the electro-mechanical projects and services segment. "Within MEP 

(mechanical, electrical, and plumbing) also, there are two or three different customer categories. One is the industrial and data centre category, which we call manufacturing and data centres. And the second is the commercial buildings...And there's a third category, which is metros, airports, and so on and so forth. So the focus currently is that we want to have a larger pie of the manufacturing and the data centre market," the management said.

The company also believes its presence can be improved in the category of regional retailers, especially in the southern and western markets.

On a query on capacity utilisation, the management said that the Pantnagar facility in Uttarakhand is running at 100% capacity utilisation. At the Chennai facility, the company expects to increase the annual production capacity to 1.5 million units in another month or two. "Our sense is that this summer season, we would have maximised the capacity utilisation to almost between 85% and 90% or so," the management said.

For the December quarter, Voltas reported a consolidated bottom line of INR 849.50 million, down nearly 36% on year from INR 1.32 billion reported in the year-ago quarter. Its top line for the quarter fell over 1% on year to INR 30.53 billion.

On Thursday, shares of the company closed nearly 2% lower at INR 1,349.10 on the National Stock Exchange. The company detailed its December quarter earnings post market hours. End

Edited by Tanima Banerjee

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