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Voltas Share Price Target: AC rate hikes coming? Know the risks and what will drive company
Wed, Dec 16, 2020
The AC business has witnessed good growth momentum since Q2 FY21 and with expectation of a harsher summer; the industry and Voltas are looking to recoup some of its lost sales by FY21 end. The inventory level remains high, however with expectations of supply disruptions and price increases, channel partners are stocking up. Voltas expects inventory levels to normalise by Q4 FY21. Given the logistical issues to import key components and the inherent higher inflation rates, the company is likely to look at price hikes by Q4 FY21. The company continues to maintain its margin guidance of 11% to 12%.
GST Impact: Consumer durable firms expect sales of TVs, refrigerators & ACs to dip in July-August, says CEAMA
Sun, May 21, 2017
According to Consumer Electronics and Appliances Manufacturers Association (CEAMA), consumer durable firms are expecting sales of TVs, refrigerators and ACs to be impacted in July-August once the GST comes into implementation on July 1.
Weekend Online Deals: Flipkart, Amazon offers heavy discounts on ACs, refrigerators, others
Fri, Apr 07, 2017
Flipkart and Amazon India have started their three-day sale on electronics products starting from April 7 this week and ending on April 9.