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Voltas: Summer sales under threat due to lockdown, economic woes

virus covid-19 pandemic economy
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Investors are jittery over the 21-day nationwide lockdown, which will play spoilsport as far as Voltas Ltd’s June quarter (Q1 FY21) earnings go.

Q1 is critical for the air conditioner (AC) manufacturer, given that sales rise during these three months as the temperatures soar.

However, the management is optimistic. In a recent analysts’ call to highlight the Covid-19 impact, it said there will be sufficient time after the 21-day lockdown (ends mid-April) for the company to cash in on summer demand.

However, the big risk is an extension to the lockdown, or a delay in consumers returning to stores to buy products. Besides, the impact of the pandemic on the economy may lead to a fall in discretionary spends. “While management sounded

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
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Deaths: 237 619
Recovered: 0
Detail statistic
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