Voltas claims 'triple-digit growth in April 2022' owing to increase in demand for cooling products

Voltas, the AC brand from the house of Tata's, has stated that it recorded a triple-digit growth in April 2022, due to an increase in demand for cooling products given the intense summer experienced across the country.

The volume of sales of April 2022 in the cooling products segment has broken many records. Voltas claimed it has steadily maintained its lead over competition, with a lead of more than 640 BPS over nearest competitor as on YTD March FY22.

The brand is now gearing up to meet its business objectives for FY 23.

Pradeep Bakshi, Managing Director and CEO, Voltas Ltd, said, "The summer of April 2022, has helped us gain an unprecedented growth in comparison to the last three years. Our Room AC business has grown up by over 170% in volume. The overall cooling products business has grown by more than 160% while our Home Appliances grew by 75% in volume. In Commercial Refrigeration, the company has grown by 125% in volume on April 22. We believe that our wide presence, focus on the emerging channels, excellent distribution network, strongest brand equity, and attractive consumer offers, will help the brand stay ahead of the industry." 

He added, "We are well poised to meet the growing demand, and are optimistic about achieving our business objectives for the financial year FY23." 

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