Voltas share price falls nearly 9% as net profit drops 58% to ₹140.5 crore, check key details

The stock fell as much as 8.65% to ₹1,192 per unit on the National Stock Exchange (NSE). At 9:35 am, it was down 5.88% to ₹1,228.2 apiece.

Voltas Q1 results highlights

In the year-ago period, it had reported a post-tax profit of ₹334.23 crore.

The company's revenue from operations dropped by 20.22% to ₹3,912.29 crore in the latest April-June quarter as against ₹4,903.91 crore in the same period the previous year.

In its earnings statement, Voltas said that the quarter under review was marked by unseasonal and unpredictable weather conditions. It said the onset of summer was delayed and temperatures were relatively mild. The summer season was also concluded abruptly due to the early onset of monsoon, which led to a sharp decline in demand for cooling products, especially air conditioners.

The impact was further accentuated because of an exceptionally high base in Q1 FY25, which had benefitted from a prolonged and harsh summer that drove record sales.

Commenting on earnings, Pradeep Bakshi, MD & CEO of Voltas, said, "The first quarter of FY26 presented certain challenges, particularly due to unseasonal weather and shifting consumer sentiment. While these factors impacted our seasonal product categories, our core strengths—market leadership, operational resilience, and strategic agility—remain intact."

"We view this as a one-off situation and are confident that our ongoing investments in innovation, channel expansion, and customer-centricity will enable us to overcome short-term headwinds and continue delivering sustainable growth in the quarters ahead," he added.