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Voltas: A Multibagger Stock Soaring 80% in 8 Months and Delivering Over 170% Returns in 4 Years

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Voltas, a Tata Group company, has witnessed a surge in its stock price, with shares rising by 80% from ₹827 to ₹1,485 in recent months. This growth has been driven by a 33% increase in Q1 FY25, fueled by high temperatures in India. The company’s sales of air conditioners have also soared, reflecting a 50% year-on-year growth in the April-June period.

Voltas, a dominant player in India’s cooling products market, aims to sell 2 million AC units in the current calendar year after achieving record sales of 2 million units in FY23-24. Despite facing competition in the RAC segment, the company holds an 18.7% market share by the end of FY24.

The company has introduced new energy-efficient products in its commercial refrigeration business to maintain market leadership. Prabhudas Lilladher forecasts strong revenue growth for Voltas’ UCP segment in Q1 FY25, driven by increased demand during the hot summer months.

The Indian RAC market is expected to grow at a CAGR of 12% to reach ₹50,000 crore by 2028-29, with Voltas poised to lead this growth. Factors such as rising disposable incomes and a desire for better lifestyle are driving growth in the segment.

As the company continues to expand its offerings and maintain its market position, investors should seek advice from certified experts before making any investment decisions.

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