Voltas Limited has scheduled its Q3FY26 earnings conference call for January 29, 2026 at 7:00 PM IST, the company announced in a regulatory filing to stock exchanges on January 23, 2026.

Regulatory Compliance and Meeting Details

The company informed BSE Limited and National Stock Exchange of India Limited about the upcoming analyst and institutional investor meeting pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Participation

The earnings call will feature senior management representatives from Voltas Limited who will discuss the company's third quarter performance for fiscal year 2026.

Conference Call Access

PhillipCapital (India) Private Limited is organizing the earnings conference call with Natasha Jain, CFA, CAIA serving as the call leader. The call offers multiple access options for participants across different time zones:

International Timing

• Singapore & Hong Kong: 9:30 PM
• UK: 1:30 PM

Dial-in Information

Participants can join through primary universal numbers 91-22-6280 1143 or 7115 8044, which are accessible from all networks and countries. Additionally, toll-free numbers are available for various regions including USA, UK, Singapore, and Hong Kong.

Compliance and Recording

PhillipCapital (India) Private Limited has outlined several compliance measures for the conference call. The proceedings will be recorded, and participant details will be shared with the corporate entity. The organizer emphasized adherence to regulatory guidelines and best governance practices, with all necessary disclosures expected to be filed with stock exchanges including call invitation details, recording information, and call transcripts.

The announcement was signed by Company Secretary & Compliance Officer Ratnesh Rukhariyar on behalf of Voltas Limited.

Voltas faces a significant revision in its third-quarter revenue projections, with Morgan Stanley dramatically adjusting its estimates for the consumer durables company. The brokerage firm has shifted its forecast from an optimistic 20% growth expectation to a concerning 7% decline in revenue for Q3.

Revised Revenue Projections

The substantial change in Morgan Stanley's estimates represents a notable shift in expectations for Voltas' quarterly performance. The following table illustrates the dramatic revision:

Channel Inventory Concerns

The primary factor driving this significant revision is the elevated levels of channel inventory currently affecting the company's distribution network. High inventory levels in the channel typically indicate:

• Slower product movement from distributors to end consumers
• Potential impact on fresh orders from the company
• Possible pressure on near-term revenue recognition

Morgan Stanley's analysis suggests that these inventory dynamics are expected to materially impact Voltas' third-quarter financial performance, leading to the substantial downward revision in revenue growth expectations.

Market Implications

This forecast revision highlights the challenges facing the consumer durables sector, where channel inventory management plays a crucial role in quarterly performance. The shift from expecting strong double-digit growth to anticipating a revenue decline underscores the volatility in market conditions and the importance of distribution channel health for companies like Voltas.

The brokerage's revised estimates reflect a more cautious outlook for the company's near-term performance, with channel inventory levels serving as a key indicator of market demand and operational efficiency.