2 weeks ago
Voltas shares fall 18% as brokerages back Atomberg JV
Voltas is a company that makes air conditioners and other cooling products.
Recently, the price of Voltas shares went down by about 18 percent over six months.
That means people who bought the shares lost some money.
But the company actually made more money than before.
Its profit jumped by 53 percent in the first quarter of the year.
Voltas also sold more air conditioners than its competitors.
Some smart money experts, called brokerages, still like the company.
They are excited about a new partnership with another company called Atomberg.
Together they will make important air conditioner parts in India.
This could help Voltas get parts more easily and save money in the future.
Voltas shares fell 18.2% over the past six months despite a 53% jump in Q1 FY27 net profit.
Q1 FY27 consolidated net profit rose to Rs 214 crore from Rs 140 crore a year earlier.
Revenue from operations grew 19% to Rs 4,673.50 crore in Q1FY27.
Voltas signed a binding term sheet for a 50:50 JV with Atomberg Innovation to manufacture RAC compressors with an initial capacity of 2.8 million units.
JM Financial maintained 'Add' with a Rs 1,400 target, while Motilal Oswal kept 'Neutral' with a Rs 1,290 target.
- Who
- Voltas, a Tata Group company, and Atomberg Innovation
- What
- Voltas shares fell about 18% in six months, while brokerages remained bullish on the company's 50:50 joint venture with Atomberg to manufacture RAC compressors
- Where
- Not explicitly stated in the articles
- When
- Q1 FY27 results; market share data as of June 2026
- Why
- The Atomberg JV is expected to accelerate RAC compressor localisation and strengthen supply-chain resilience
Bullish View
Cautious View
Brokerage ratings
Bullish View
JM Financial maintained 'Add' with a price target of Rs 1,400, citing 45% YoY growth in secondary volumes and market share of 17.3%.
Cautious View
Motilal Oswal retained 'Neutral' with a price target of Rs 1,290, implying 3% downside as Q1 earnings missed estimates.
Atomberg JV impact
Bullish View
The JV is a positive step that will accelerate RAC compressor localisation and supply-chain resilience.
Cautious View
The benefits are yet to be ascertained as the JV is at an initial stage and commercial production is 18 months away.
Key facts
- Stock decline (6 months)
- 18.2%
- Q1 FY27 net profit
- Rs 214 crore (up 53% YoY)
- Q1 FY27 revenue
- Rs 4,673.50 crore (up 19% YoY)
- JV partner
- Atomberg Innovation
- JV structure
- 50:50
- Initial compressor capacity
- 2.8 million units
- JM Financial rating
- Add, target Rs 1,400
- Motilal Oswal rating
- Neutral, target Rs 1,290










