Guidance ledger · Q4 FY26

Voltas Limited VOLTAS

4 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

refuses forward guidance · held across quarters

Holding view → · latest concall · The pulse

→ narrowed UCP margin band guidance Q3 FY26 → Q4 FY26

~~sequential improvement, too soon to sort of quantify~~ → gradual step-up toward FY25, quantum of gross margin is the anchor not percentage

“the overall quantum of gross margin that we generate and being in a leadership position, we just want to sort of keep that as a goal”

↑ raised RAC market share gap disclosure Q3 FY26 → Q4 FY26

~~17.9% YTD market share, December exit at 17.9%~~ → 5.1% gap between Voltas and next cluster of 4 brands (primary data)

“there is a gap of 5.1% between us and the next cluster of 4 brands”

↑ raised Industry RAC volume FY27 growth guidance Q3 FY26 → Q4 FY26

~~not stated~~ → at least 15% to 20%

“this will certainly expect it to grow at least 15% to 20% is what we feel because the last year base was a little weak”

↓ lowered FY26 full-year net profit Q4 FY25 → Q4 FY26

~~INR 834 crores (FY25 high)~~ → INR 377 crores (FY26 actuals — confirmed)

“net profit was INR 377 crores versus INR 834 crores last year”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.