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Voltas Q4 PAT up 49% YoY to Rs 239 cr

Voltas reported 49.4% jump in consolidated net profit to Rs 239 crore on 24.8% increase in total income to Rs 2683 crore in Q4 FY21 over Q4 FY20. Profit before tax in Q4 FY21 stood at Rs 321 crore, up by 47.9% from Rs 217 crore in Q4 FY20. The Cooling Products business made good recovery,post easing of the lockdown situation and achieved overall volume growth of 18%. Revenue from the Cooling Products business increased 20% at Rs 1437 crore compared with Rs 1199 crore in the corresponding quarter last year. It achieved overall volume growth of 18%. Voltas continues to be the market leader and is at No.1 position in ACs with a market share of 25.6% in February 2021 YTD.

Voltas Beko appliances witness 100% YoY growth in 2020

Voltas Beko appliances witness 100% YoY growth in 2020 Voltas expect this demand to be high in the coming few months as well, owing to an increased need for automation of household chores due to the continued work-from-home culture Nidhi Singal | April 7, 2021 | Updated 20:14 IST Representative Image The nationwide lockdown due to the COVID-19 pandemic highlighted a clear demand for need-based products as consumers wanted to ease their daily lives in the new normal. And with the second wave of pandemic hitting several cities, people are already looking for white goods that help with the burden of household chores. Home-grown brand Voltas that sells dishwashers, refrigerators, washing machines amongst others under its Beko vertical witnessed an uptake in home appliances over the last year.

Voltas Beko appliances witness 100% YoY growth in 2020

Voltas Beko appliances witness 100% YoY growth in 2020
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