22 Sep 2025 | 5 Mins Read
ICICI Securities sets target for Voltas at Rs 1359
Flipitmoney
ICICI Securities expects Voltas' Q3FY26 margins to be under stress due to elevated channel stocking. Management is focusing on cost efficiencies and driving market shares in alternate channels. A 3-5% price rise in three-star ACs is possible due to new BEE norms, with potentially higher hikes for five-star ACs. HOLD rating with a revised target of INR 1,359.