Voltas sells 1 million ACs in 81 days, shares surge over 5%

Tata Group company Voltas Ltd has sold 1 million room air conditioners (RACs) within the first 81 days of the current financial year 2026-27, marking the fastest sale of this volume in the company's history. The achievement underscores Voltas' dominant position in India's rapidly growing air conditioner market. Company shares reacted positively, rising over 5% in early trading on the BSE, opening at Rs 1,397.70 and reaching an intra-day high of Rs 1,411.

Voltas had previously sold 2 million room ACs in the entire financial year 2023-24, a first for the industry. Managing Director Mukundan Menon attributed the milestone to customer trust, strong brand recognition, and effective execution by the company's teams and channel partners across the country. He noted that heat waves persist in many parts of India, allowing Voltas to focus on meeting growing consumer demand and driving the next phase of growth in the AC category.

The company credited its success to strategic moves over the past year, including introducing new and differentiated products across premium, mid-range, and price-sensitive segments, expanding reach to a wider customer base, and strengthening its presence in various price categories. The Indian room AC market, currently estimated at 12.5-14 million units annually, is highly competitive with key players such as LG, Daikin, Blue Star, Hitachi, Panasonic, and Lloyd.

Industry observers note that while 2025 saw demand impacted by unseasonal rains, 2026 is expected to be a better year for AC sales. LG Electronics had earlier announced crossing 1 million AC sales in the first quarter of calendar year 2026, highlighting the robust demand across the country. Voltas' latest performance reinforces its leadership as India's room AC market continues to expand.