Voltas will report its second quarter result tomorrow. Voltas stock is up almost 17 percent from lows after what was a lost summer for this sector. Expect to see a lot of sequential recovery and in that brand leaders like Voltas are likely to do much better than unbranded players.
CNBC-TV18 poll expects a revenue decline of almost 9 percent year-on-year (YoY). “So Rs 1,300 crore is the revenue that is we are looking at.” EBITDA falls by about 38 percent. At the same time there would be fair amount of operating leverage that will come out there and the net profit is likely to decline by about 30 percent.
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