{"id":128055,"date":"2022-02-28T06:48:49","date_gmt":"2022-02-28T11:48:49","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128055"},"modified":"2022-10-05T06:05:36","modified_gmt":"2022-10-05T10:05:36","slug":"voltas-limited-q3-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/voltas-limited-q3-fy22-earnings-conference-call-insights\/","title":{"rendered":"Voltas Limited Q3 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Voltas Limited Q3 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/1F6NrVOVGN8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Voltas Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/VOLTAS\/\">VOLTAS<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>VOLTAS commented that its focus on the inverter subcategory with competitive pricing and larger number of SKUs continue to favor the company.<\/li>\n<\/ul>\n<ul>\n<li>Looking ahead at 4Q22, the company remains cautiously optimistic on sales of all cooling products and availability of the complete season period, unlike past 2 years of COVID.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Manoj Gori from Equirus Securities asked if the company has taken any price hikes over the last few days, as in Jan and even in February, the secondary as well as the primary continues to remain under pressure for the RAC category. Manish Desai, Head Finance said that primary was low in Jan. due to extended weather situation. On price increase, VOLTAS is not seeing good traction in the secondary market, so it\u2019s difficult to do any price increase.<\/li>\n<\/ul>\n<ul>\n<li>\u00a0Manoj Gori of Equirus Securities also asked that on the demand front, if there is any change in outlook for the upcoming summer season. \u00a0Manish Desai, Head Finance said that once the summer starts the growth could be tremendous. VOLTAS is optimistic that once the complete season is up the demand should be good for the category.<\/li>\n<\/ul>\n<ul>\n<li>Praveen Sahay of Edelweiss Financial asked about the volume growth for UCP. Manish Desai, Head Finance replied that VOLTAS has given a value growth of 9%. On secondary, the Oct-Nov data shows the industry has seen a de-growth of close to 5% in terms of volume. However, the VOLTAS de-growth was close to 4%.<\/li>\n<\/ul>\n<ul>\n<li>Praveen Sahay of Edelweiss Financial asked if there is any price competition faced for RAC. Manish Desai, Head Finance said everyone is facing pricing pressure, but as a leader VOLTAS has done the price increase across categories and will be doing it on a need basis once there is opportunity to take the lead into that.<\/li>\n<\/ul>\n<ul>\n<li>Praveen Sahay of Edelweiss Financial also enquired that on the JV business, VOLTAS is still making losses and by when it will achieve the scale to breakeven. \u00a0Manish Desai, Head Finance replied that the company is eyeing to have a breakeven in 2024-2025.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Gajare from Haitong Securities queried about the growth the industry and the company has seen region-wise. Manish Desai, Head Finance answered that it is difficult to compare growth over the last year on a volume or a value front. But a pure base of YtoY comparison, then the industry is showing a growth in the range of 35% to 40% over the last year on a YTD basis and retained market share.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Gajare from Haitong Securities also asked about the project business and steady decline in backlog over the past two years. Manish Desai, Head Finance answered that there is a reasonable level of delay in awarding the project. And secondly VOLTAS is moving into a period by transferring this project business to 100% subsidiary company, both these factors are affecting in securing a new order book.<\/li>\n<\/ul>\n<ul>\n<li>Girish Achhipalia from Morgan Stanley asked about the 3Q22 basket for raw material, if that\u2019s fair representation of costs or if further inflation is seen in 4Q22. Manish Desai, Head Finance said that from a lending cost perspective the cost is still going up, but largely on account of exchange fluctuations and not because of any base commodity price increase. However, in 2Q22 and 3Q22, there has been an increase in price in all categories of raw material, except steel.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Voltas Limited (VOLTAS) Q3 FY22 Earnings Concall Management Update: VOLTAS commented that its focus on the inverter subcategory with competitive pricing and larger number of SKUs continue to favor the company. Looking ahead at 4Q22, the company remains cautiously optimistic on sales of all cooling products and availability of the complete season [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392],"tags":[9163],"class_list":["post-128055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-consumer-products"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128107,"url":"https:\/\/alphastreet.com\/india\/voltas-q3-fy-22-research-tear-sheet\/","url_meta":{"origin":128055,"position":0},"title":"Voltas Q3 FY 22 Research Tear sheet","author":"sreerupa","date":"March 3, 2022","format":false,"excerpt":"Voltas Limited\u00a0is an Indian\u00a0multinational company. It mainly deals with electronic goods and home appliances. The company has its headquarter in Mumbai, India. It was incorporated in 1954. The stocks of Voltas are traded on both BSE and NSE. For Q3 FY22 the Consolidated Total Income for was Rs 1822 crores.\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178532,"url":"https:\/\/alphastreet.com\/india\/voltas-q3-fy26-earnings-results\/","url_meta":{"origin":128055,"position":1},"title":"Voltas Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. Voltas was created 6 decades ago when\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-128.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169946,"url":"https:\/\/alphastreet.com\/india\/voltas-q1-fy26-earnings-results\/","url_meta":{"origin":128055,"position":2},"title":"Voltas Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 8, 2025","format":false,"excerpt":"Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry. 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