According to reports from ET Now, Voltas announced its Q2 FY27 results on November 6, 2026, delivering robust financial performance across key metrics. The air conditioning and engineering services company reported a 55.9% year-on-year increase in consolidated net profit to ₹53 crore for the second quarter, compared with the previous year. Revenue rose 15.3% to ₹2,706 crore from ₹2,347.32 crore in the year-ago quarter, with the company's revenue exceeding the CNBC-TV18 poll estimate of ₹2,556 crore. EBITDA surged 82.9% year-on-year to ₹128.3 crore from ₹70.4 crore, with EBITDA margin expanding meaningfully during the quarter. Total expenses stood at ₹2,622.05 crore, up 13% year-on-year, while total income increased 13.85% to ₹2,746.08 crore during the quarter.
In a significant development, Voltas announced a major leadership transition with Sunil D'Souza appointed as the next chairman effective November 12, 2026, following a board meeting on November 6. D'Souza will take over from Noel N. Tata, who has been associated with the company's board since 2003 and will step down as chairman and director at the close of business on November 11. The board has appointed Tata as Chairman Emeritus from November 12. D'Souza will continue to serve as managing director and CEO of Tata Consumer Products while assuming the chairmanship role. The leadership transition extends beyond the chairman's role, as Managing Director C.P. Mukundan Menon will also retire on May 24, 2027, with Jayant Balan, head of Voltas' room air-conditioner business, set to succeed him from May 25, subject to shareholder approval. Balan has been named as the new Managing Director for a five-year term beginning May 25, 2027.
For the six months ended September 30, 2026, Voltas demonstrated consistent growth momentum. As reported by Business Standard, in the first half of FY27, total consolidated income grew to ₹7,510.82 crore from ₹6,432.58 crore in the year-ago period. The Electro-Mechanical Projects and Services business maintained its order momentum, with a carry-forward order book of over ₹6,800 crore as of September 30, 2026, providing revenue visibility across domestic and international projects. Domestic Projects secured orders across industrial infrastructure, electronics manufacturing, metro and tunnel projects, and data centres, while the business continued to focus on selective order booking, execution discipline, working capital management and project profitability.
According to Business Standard reports, the Unitary Cooling Products business recorded 29% revenue growth to ₹1,566.79 crore during the quarter, driven primarily by the Room Air Conditioner segment, which materially outperformed the broader industry. The segment also improved profitability despite commodity and currency-related cost pressures. The Engineering Products and Services segment recorded 33.32% revenue growth to ₹185.39 crore during the quarter, supported by Mining and Construction Equipment and Textile Machinery. The Mining and Construction Equipment business benefited from growth in crushing and screening equipment, execution of operations and maintenance contracts, stable performance in African operations, and contributions from aftermarket and service businesses. Voltbek continued to expand its presence in the Indian home appliances market, recording its highest-ever second-quarter sales, with year-to-date market share standing at 8.8% in washing machines and 7% in refrigerators.
As reported by Business Standard, Voltas continued to maintain its leadership in the Indian room air conditioner market, with the business recording 32% volume growth during Q2 FY27. The company held a 17.4% year-to-date market share as of September 2026, retaining its No. 1 position with a 4.2 percentage-point lead over its nearest competitor. The Unitary Cooling Products business recorded 29% revenue growth during the quarter, led by the RAC business, with the company reporting improved profitability despite input cost pressures. Voltbek continued to gain scale and market share, expanding its product portfolio with a new range of frost-free refrigerators and fully automatic washing machines, alongside sharper product segmentation, consumer engagement and wider distribution.
