I-Sec maintains Buy on Voltas., lowers target price to Rs 1,575

ICICI Securities maintains a Buy call on Voltas with a revised target price of Rs 1575. Voltas reported a 16.13% increase in Consolidated Total Income in Q4 2024. Promoters hold 30.3% stake, while FIIs own 21.31% and DIIs 34.29%. Key risks include raw material price increases, product launch delays, and rising competitive pressures.