New Delhi, March 20 -- Domestic and global brokerage firms remain bullish on Voltas, a Tata Group company, after it expressed confidence in meeting the demand for air conditioners (ACs) and stated that it has endeavoured to grow above the industry growth rate.

The industry is expected to witness strong sales in CY25 on the back of extreme heatwaves across the country, similar to those seen in CY24. Early signs of summer are already visible in the West and South India.

So far in the current fiscal year, the RAC (Room Air Conditioner) industry has grown 30%, but Voltas has outpaced the industry, growing by 35%.

The company has retained its earlier guidance on market share gains in RAC and high-single-digit EBIT margins, with a focus on a...