Analysts/Institutional Investor Meet/Con. Call Updates

20th August, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500575 NSE Symbol: VOLTAS Sub: Transcript of the Q1 FY27 Earnings Conference Call Dear Sirs, Further to our letters dated 10th August, 2026 and 14th August, 2026, we enclose herewith a copy of the transcript of the Q1 FY27 Earnings Conference Call held on 14th August, 2026. The same is also being made available on the Company’s website at: https://www.voltas.in/storage/schedule-of-analysts-iim/Voltas-Q1-FY27-Earnings-Call- Transcript.pdf Thanking You, Yours faithfully, For VOLTAS LIMITED Ratnesh Rukhariyar Company Secretary & Compliance Officer Encl: as above Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371 “Voltas Limited Q1 FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. MUKUNDAN MENON – MANAGING DIRECTOR – VOLTAS LIMITED MR. K.V. SRIDHAR – CHIEF FINANCIAL OFFICER – VOLTAS LIMITED MR. NIKHIL R. CHANDARANA – HEAD, CORPORATE FINANCE – VOLTAS LIMITED MS. SUMANA TRIPATHI – HEAD FP&A – VOLTAS LIMITED MR. MANISH SOMANI – HEAD, FINANCE CONTROLLING – VOLTAS LIMITED MODERATOR: MS. NATASHA JAIN – PHILLIPCAPITAL INDIA PRIVATE LIMITED Page 1 of 18 Voltas Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Q1 FY27 Earnings Conference Call of Voltas India Limited hosted by PhillipCapital India Private Limited. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on a touch-down phone. Please note that this conference is being recorded. I would now hand the conference over to Ms. Natasha Jain from Phillip Capital India Private Limited. Thank you, and over to you, ma'am. Natasha Jain: Thank you, Muskan. Good evening, everyone. I'm Natasha Jain on behalf of Phillip Capital. Welcome all of you to the First Quarter FY27 Earnings Conference Call of Voltas India Limited. From the management, we have Mr. Mukundan Menon, Managing Director; Mr. K.V. Sridhar, Chief Financial Officer; Mr. Nikhil R. Chandarana, Head, Corporate Finance; Ms. Sumana Tripathi, Head FP&A; and Mr. Manish Somani, Head, Finance Controlling. I request the management to give their opening remarks, post which we shall open the floor for Q&A. Thank you, and over to you, sir. K.V. Sridhar: Yes. Good evening all. This is Sridhar here, CFO, Voltas. Glad to connect this evening with our earnings call. To give an overall summary, Voltas delivered a strong performance in Q1 FY27, significantly outperforming competition and further strengthening its leadership in the cooling segment. The company achieved a 17.3% secondary market share in room air conditioning for FY27 for the first quarter and widened its lead over the nearest competitor to 4 percentage points, reinforcing its position as the undisputed market leader. Strong execution across marketing, product management, channel expansion, manufacturing capacity and supply chain readiness supported the performance. During the April to June quarter, the global economy continued to face geopolitical tensions, elevated energy prices and persistent inflationary pressures. Conflict in the Middle East added to commodity and currency volatility and supply chain uncertainty. Against this backdrop, India continued to demonstrate resilience supported by domestic consumption, infrastructure investments and strong underlying macroeconomic fundamentals. The Indian consumer durables industry witnessed steady demand during the quarter, continued demand for cooling products, Room Air Conditioners remained a key growth lever supported by the summer season, aided by increased penetration and expanded demand across Tier II and Tier III markets. Against this operating environment, Voltas delivered a substantially strong performance compared to the previous year, supported by growth across its key businesses and disciplined operational execution. The company achieved a significant milestone by selling 1 million RACs in just 81 days, demonstrating the strength of its brand, product portfolio, distribution reach and execution capabilities. Page 2 of 18 Voltas Limited August 14, 2026 Voltbek also emerged as an important growth lever substantially outgrowing the industry and recording its highest ever quarterly sales in both value and volume. The Projects & Engineering business provided further resilience and balance, underscoring the strength of the Voltas diversified portfolio. For the quarter ended 30th June 2026, Voltas recorded consolidated income of Rs 4,765 crores compared to Rs 4,021 crores in Q1 FY26. Profit before tax was Rs 285 crores versus Rs 203 crores in the previous -- for the same period last year. Net profit was Rs 213 crores compared to Rs 141 crores last year. Now if we go into the detail of the respective segments. Segment A delivered a strong growth of 33%, led by exceptional performance in the Room Air Conditioner business. RAC volumes grew by 45% year-on-year, significantly outperforming the industry and key competitors. As mentioned earlier, the secondary market share was 17.3% for Q1 of '27 and Voltas progressively strengthened its competitive position through the quarter. For Q1 '27, the company widened its market share lead over nearest competitor to 4 percentage points, reinforcing the strength of its brand equity, product positioning, distribution network and execution capabilities. A sharper brand and marketing strategy was an important contributor to this performance. The refreshed brand positioning supported by sustained investments across television, digital, retail and consumer touch points, strengthened consumer engagement and brand salience. The “True 1.5 TR Cooling Capacity” campaign and industry-first initiative highlighted the superior 5,000- watt cooling capacity of the Voltas 1.5 TR Air Conditioners, enabling consumers to make more informed and value-driven purchase decisions while enforcing the brand's credentials around powerful cooling and performance. Product management and innovation remains central to the growth strategy. The refreshed RAC portfolio led by AI-powered VirtIs Split AC series introduced in March 2026 offered differentiated features across AI Adaptive cooling, AI GeoFencing and AI Energy Manager. A sharper portfolio across capacities, energy ratings and price points enabled Voltas to address evolving consumer requirements, increasing premiumization and growing demand for intelligent and energy-efficient cooling solutions. The Company continued to expand and deepen its channel presence across Tier II and Tier III markets, where RAC penetration remains relatively low. Wider distribution, stronger dealer engagement and increased presence across traditional trade, modern retail and emerging channels improved product availability and enabled Voltas to capture incremental demand across markets. Another key enabler was the Company's manufacturing and supply chain preparedness. Capacity was progressively ramped up ahead of the summer season with the Chennai and Pantnagar facilities operating at high utilization levels. Strong raw material planning, supply readiness deeper localization and disciplined inventory management ensured product availability during the peak season and enabled the company to effectively service the significant increase in demand. Page 3 of 18 Voltas Limited August 14, 2026 Commercial Air Conditioning delivered a stable performance and continues to represent a significant long-term growth opportun [Showing first 8,000 characters — download PDF for full document]