The net profit declined to Rs 140.61 crore in the first quarter of the current fiscal year (Q1FY26) from Rs 335 crore in Q1FY25
Hit by unseasonal and unpredictable weather conditions, Voltas, an air conditioning brand, has seen a 58 per cent dip in its net profit in the first quarter of the current financial year (Q1FY26). The net profit declined to Rs 140.61 crore in Q1FY26 from Rs 335 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations also decreased to Rs 3,938.58 crore in the recently concluded quarter from Rs 4,921.02 crore in Q1FY25. The onset of summer was delayed, temperatures remained relatively mild, and the season concluded abruptly due to early monsoon. This resulted in a sharp decline in demand for cooling products, particularly in the case of air conditioners, the company said in a regulatory filing.
The impact was further accentuated by an exceptionally high base in the corresponding quarter of the previous year, which had benefited from a harsh and prolonged summer that drove record sales. The unitary cooling products (UCP) segment faced a subdued quarter, shaped by the delayed onset of summer, relatively mild temperatures, and the early arrival of the monsoon, all of which shortened the peak selling season.
“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,” highlighted Pradeep Bakshi, Managing Director (MD) and Chief Executive Officer (CEO), Voltas
For the quarter ended June 2025, the UCP segment registered a revenue of Rs 2,868 crore, as compared to a significantly higher performing previous quarter of Rs 3,802 crore in Q1FY25. Voltas Beko delivered a strong performance in the first quarter of FY26, recording close to one million units in volume sales and achieving year-on-year growth of 33 per cent.
The engineering products and services segment delivered a balanced performance during the quarter, with stable execution in core areas and selective improvement in margins. In the textile machinery division, subdued capital expenditure and cautious customer sentiment led to softer demand in the agency business.
