Voltas Shares: Should you buy, sell or hold Tata group stock post-Q4 results?

Voltas -- a Tata group air conditioner maker -- took centre stage on Dalal Street on Friday, a day after the Mumbai-headquartered firm reported mixed quarterly earnings. Most brokerages affirmed their positive views on the largecap stock after the earnings announcement, lining up their latest targets in the range of Rs 1,100-1,550.

How market guru views Voltas Q4 FY26 results

Zee Business Managing Editor Anil Singhvi said the Tata group company's operational performance is weak, noting that its margin of 4.52 per cent is much below expectations.

However, the market wizard added that the first quarter of the current financial year appears to be promising for Voltas, advising investors against shorting the stock now.

He sees support in Voltas futures at Rs 1,248 with a level of Rs 1,330 expected in the counter.

How brokerages are reading Voltas earnings

Most brokerages have 'buy' calls on the Voltas stock, with their targets implying an upside of 16-20 per cent from its previous close.

Jefferies maintains 'buy', cuts target by Rs 20

Jefferies cut its target price to Rs 1,530 from Rs 1,550 after the results were announced, noting that the AC maker's quarterly sales met its expectations but margin missed the mark.

Analysts at Jefferies noted that the Tata group firm's Q4 miss was fuelled by lower margins, though its channel inventory largely normalised to 35-40 days now.

The brokerage expects Voltas's estimated room air conditioner (RAC) market to grow around 15-20 per cent in FY27 on a weak base.

Citi cuts Voltas target by Rs 350

Maintaining its 'buy' rating on Voltas, Citi revised its target for the stock to Rs 1,550 from Rs 1,900. Its revised target incidates a 19.8 per cent upside potential in the stock.

The brokerage expects the company's margin to improve progressively to levels last seen in FY25, aided by demand and price hikes.

On the flipside, CLSA's target of Rs 1,100 implies a downside of about 15 per cent from Thursday's close.

Voltas Q4 FY26 earnings snapshot

After market hours on Thursday, Voltas reported a 51.8 per cent year-on-year fall in its consolidated net profit to Rs 116.2 crore for the quarter ended March 31, missing analysts' estimates.

Its quarterly revenue grew 2.5 per cent to Rs 4,887.8 crore, according to a regulatory filing.

According to Zee Business research, Voltas's consolidated net profit was estimated at Rs 227 crore and revenue at Rs 4,791 crore for the March quarter.

The Tata group AC maker's margin -- a key measure of profitability -- came in at 4.5 per cent, as against 7 per cent a year ago.

FY26 results

For the year ended March 31, the company's net profit fell 55.3 per cent to Rs 375.7 crore, and revenue declined 7.6 per cent to Rs 14,244.5 crore. Read more on Voltas results

400% dividend

Voltas declared a dividend of Rs 4 per share -- a 400 per cent payout given the face value of Re 1 per share.