Industry Profile: Indian consumer durables market is broadly segregated into urban and rural markets and is attracting marketers worldwide. The sector comprises a substantial middle class, a relatively large affluent class, and a small economically disadvantaged class, with spending anticipated to double by 2025. As a result, global corporations view India as one of the key markets from which future growth is likely to emerge. India’s consumer market growth would be primarily driven by a favorable population composition and increasing disposable incomes. The per capita GDP of India is expected to reach US$ 3,273.85 in 2023 from US$ 1,983 in 2012. The maximum consumer spending will likely occur in food, housing, consumer durables, and transport and communication sectors.
The growing purchasing power and the rising influence of social media have enabled Indian consumers to splurge on good things. Indian appliance and consumer electronics (ACE) market reached Rs 2.05 trillion (US$ 31.48 billion) in 2017. India is one of the largest growing electronics markets in the world. The Indian electronics market is expected to grow at 41 percent CAGR between 2017-20 to reach US$ 400 billion.
Company Profile: Voltas Limited is a company in India specializing in air conditioning and cooling technology. The company was incorporated on 6 September 1954 in Mumbai as a Collaboration between Tata sons and the Volkert brothers. The company is broadly structured into projects and product businesses. The project business is divided into the Domestic Projects Group and International Operations Business Group.
The company operates through its ten subsidiaries like Rohini industrials, Voltas water solutions, Universal comfort product solutions, Netherland business, Saudi, Qatar business, Agro-food Punjab, etc. The company operates in the industry of electro-mechanical projects as an engineering, procurement, and construction (EPC) contractor. The company is also engaged in the business of engineering product services for mining, water management and treatment, construction equipment, and the textile industry. The company offers products, including textile machinery, mining, and construction equipment, heating, ventilation, air conditioning and refrigeration (HVAC&R), and water coolers and dispensers. The company has a presence in India, and the Middle East, among others.
Shareholding Pattern: BSE Filings
Financial and Ratio: [table id=194 /]
Future Prospects This company was doing some capital work in progress. It is now done, and it looks like this will help. As a result, this stock may perform well.
