Brokerages cut EPS estimates, downgrade Voltas on weak RAC demand outlook

According to JM Financial, Voltas and the overall RAC industry saw a 20-25 per cent year-on-year (Y-o-Y) volume decline in April and May, primarily due to unseasonal weather.
Tanmay Tiwary New Delhi
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Brokerages on Voltas: Brokerages have turned cautious on air conditioner (AC) maker Voltas, downgrading the stock and cutting FY26/27 earnings estimates despite the company's strong March quarter (Q4) and full-year FY25 performance.
On the bourses, Voltas share s fell up to 2.39 per cent to hit an intraday low of ₹1,261.65 per share on Wednesday, June 18, 2025. Around 9:20 AM, Voltas shares continued to trade lower, down 1.44 per cent at ₹1,273.95. In comparison, BSE Sensex was trading 0.11 per cent lower at 81,489.89 levels.
The EPS revisions followed an analyst call where management flagged a

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