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Hot Pursuit News

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(08 Apr 2024, 11:21)

Voltas hits record high on achieving highest ever AC sales in FY24

Voltas surged 8.69% to Rs 1,339.25 after the company announced that it has achieved the highest-ever sales of 2 million air conditioner (AC) units in the financial year 2023-24.

The firm said that it recorded the largest ever sales of ACs by any brand in a fiscal year in India, with a volume growth of 35%.

The performance was attributed to a consistent demand for cooling products during the year, coupled with the company’s strong offline and online distribution network, strongest brand equity, and innovative new launches, it added.

“The company registered a significant growth in volume in other cooling productsincluding air cooler and commercial refrigeration products. Voltas Beko, the Home Appliances brand, also registered a volume growth of 52% in Q4 FY24; and also achieved the milestone of close to 2 million home appliances (refrigerators & washing machines) in FY24. Overall, 5 million consumer products got sold to happy customers across the country ...

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