Voltas Q1 FY27 Results: Net profit grows 53% YoY; firm forms JV with Atomberg Innovation

Revenue from operations of the home appliances maker stood at ₹4,674 crore, increasing 19% for the quarter under review as compared to ₹3,939 crore in Q1 FY26. The total income also slipped 11% to ₹2,412 crore from ₹4,257 crore on a year-on-year (YoY) basis.

The air-conditioning maker and engineering services provider’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 49% YoY to ₹266 crore in Q1 FY27 from ₹179 crore in the corresponding quarter of the previous fiscal year.

Its operating margin also expanded to 5.69% year-on-year (YoY) in contrast to 4.53% in Q1 FY26.

Voltas said it has delivered a strong performance in Q1 FY27, significantly outperforming competition in room air conditioners and further strengthening its market leadership. The firm achieved a 17.3% secondary market share in RACs for FY27 up to June 2026 and widened its lead over the nearest competitor to 4 percentage points as of year-to-date (YTD) June 2026.

The company also achieved the milestone of selling 1 million room ACs in just 81 days, reflecting the strength of its brand, differentiated product portfolio, extensive distribution network and execution capabilities. This was driven by sustained investments in brand building and marketing, sharper product innovation, channel expansion, manufacturing capacity and supply chain agility.

Voltbek continued its strong growth trajectory, Voltas said, substantially outperforming the industry and recording its highest-ever quarterly sales in both value and volume. Its projects and engineering businesses provided resilience and balance to the diversified portfolio.

The business achieved a YTD market share of 9.4% in washing machines and 7.4% in refrigerators.

Voltas said that with increasing scale and a stronger product portfolio, Voltbek remains a key pillar of its long-term growth strategy, supporting the company’s evolution into a comprehensive cooling and home appliances player.

“With market leadership in room air conditioners, a rapidly scaling home appliances portfolio, strong project execution capabilities, a healthy balance sheet, and a clear focus on profitability and innovation, Voltas is better positioned than ever to capitalise on emerging opportunities,” said Mukundan Menon C P, Managing Director, Voltas.

Voltas and Atomberg form JV

In a separate regulatory filing, Voltas signed a binding term sheet with Atomberg Innovation, a material subsidiary of Atomberg Technologies, to form a joint venture for manufacturing high-efficiency room air conditioner compressors and parts related to such compressors in India.

The proposed JV is intended to undertake the development, manufacturing, and supply of air conditioner compressors, with a strong emphasis on high energy efficiency, operational reliability, cost competitiveness, and progressive localisation.

Voltas will be an anchor customer of the joint venture, providing a strong and stable demand base, while Atomberg Innovations will be the technology partner, bringing its technology and innovation capabilities to the venture.

On Friday, Voltas shares settled at ₹1,320.50 apiece on the National Stock Exchange, gaining 2.4%. The earnings, however, came after the market hours.