📌 UBS on

VOLTAS

🔹 Rating: Buy 🔹 Target Price: ₹1770 Key Takeaways: ✅ GST cut on Room ACs improves affordability & brings them in line with other white goods ✅ Short-term demand hit due to unseasonal rains, but festive outlook strong 💡 ✅ Channels optimistic, awaiting GST credit clarity ✅ UBS sees Voltas as a leading white goods player by FY28 ✅ Revenue & earnings estimates raised by ~2% for FY26E–28E 📈 UBS stays bullish on Voltas!