Voltas, the country's largest player in the room air conditioner segment, is set to improve its market share after a strong showing during the September quarter (Q2FY25) amid favourable demand conditions.
Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand its share in the room AC segment.
The near-term positive for the company is the performance of its unitary cooling products, or UCPs, in Q2. It expects similar growth in the coming quarters.
Even as the overall revenue growth of the company came in at 14 per cent, the UCP segment posted a 31 per cent uptick in volumes.
This is the third consecutive quarter of 30 per cent growth after 44-51 per cent rise during the March and June quarters.
The lower overall revenue growth was on account of the electromechanical projects and services (EMPS) segment, which reported a 5 per cent decline in sales over the year-ago quarter. This was on slower project executions. The delays were on account of the monsoon as well as a decline in order inflows over the past four quarters.
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