• ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE
No Result
View All Result
KeralaNews 24x7
Sunday, June 1, 2025
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
No Result
View All Result
News 24x7
No Result
View All Result

Virtuoso Optoelectronics Eyes 55% Growth for FY26 Amid Booming Indian AC Market

Rahim Gupta by Rahim Gupta
3 months ago
Reading Time: 4 mins read
0
0
0
SHARES
1
VIEWS
FBXLinkedinWhatsAppTelegram

The Indian air conditioning market is heating up—both in demand and numbers. Estimated to surge from $5.41 billion in 2024 to $8.07 billion by 2030, the sector is riding on urbanization and rising disposable incomes. Alongside, the deep freezer segment is also seeing remarkable growth, projected to reach $4,058.79 million by 2032 with a staggering CAGR of 25.2%.

Virtuoso Optoelectronics, a manufacturer of white goods and electronics manufacturing services (EMS), is positioning itself to capitalize on this momentum. The company anticipates up to 55% topline growth for FY26 and has set its revenue target at ₹700 crore for FY25.

Stock Performance: A Solid Year of Gains

Virtuoso’s stock has been on a steady climb, rewarding investors handsomely. On Thursday, shares opened at ₹489.90, marking a 4.12% increase from the previous close of ₹470.50.

The company has delivered nearly 99% returns in the past year, significantly outperforming the broader Nifty Index. With a market capitalization of ₹1,118.87 crore, it has become a key player to watch in the white goods and EMS space.

Indian air conditioning market growth chart

Financial Snapshot: Strong Growth in H1FY25

The company’s financials for the first half of FY25 paint a picture of robust growth. Revenue from operations reached ₹310 crore, reflecting a 30.25% year-on-year jump from ₹238 crore in H1FY24. Net profit soared by an impressive 144.44%, climbing from ₹3.51 crore to ₹8.58 crore.

Virtuoso’s revenue for Q3FY25 saw a 44% year-on-year increase, reaching ₹151 crore. However, EBITDA margins for H1FY25 stood at 9%, slightly lower than the 10% recorded a year earlier. Meanwhile, profit after tax (PAT) margins improved, rising from 1.5% to 2.7%.

Revenue Projections: Big Ambitions for FY26

Virtuoso is aiming high, forecasting ₹700 crore in revenue for FY25. Looking ahead, the company expects its topline to grow by 45% to 55% in FY26, driven by capacity expansion and increased demand.

This optimism stems from strong sales momentum and a growing customer base in the white goods and EMS segments. With the Indian AC market on an upward trajectory, Virtuoso is betting big on scaling up production to meet surging demand.

Expansion Plans: New Facilities and Increased Capacity

To support its growth ambitions, Virtuoso has laid out major capital expenditure plans. The company is setting up its second component manufacturing unit under VPPL in Sanand, Ahmedabad, slated for FY26. Additionally, a new manufacturing facility for reciprocating compressors is coming up in Nashik, along with a semi-automatic washing machine unit. Both are expected to be operational by the end of CY25.

Virtuoso is significantly expanding its production capacity across multiple product lines:

ProductsExisting Capacity (FY25)Planned Capacity (FY26)
AC Outdoor Unit (ODU)4,00,00010,00,000
AC Indoor Unit (IDU)8,00,00010,00,000
Lighting Products (Lamp Equivalent Units)6,00,00,0006,00,00,000
Water Dispensers1,50,0002,00,000
Commercial Refrigeration1,50,0004,00,000

The expansion in air conditioning units aligns with growing market demand, while the commercial refrigeration segment is poised for strong growth as well.

Revenue Breakdown: Air Conditioning Leads the Way

Virtuoso generates a significant portion of its revenue from the air conditioning segment. ACs, including incentives from the Production-Linked Incentive (PLI) scheme, contribute around 80% of the company’s total operational revenue. The remaining 20% comes from lighting and other components.

  • AC margins are in the range of 6% to 8%.
  • Lighting segment margins are slightly higher at 10% to 15%.
  • LED components are sourced 40% externally, while 60% are produced in-house.

This business mix allows Virtuoso to maintain a balance between high-volume production and profitable niche segments.

Management’s Take: Expansion is Key

Commenting on the company’s outlook, Managing Director Sukrit Bharati emphasized the need to ramp up capacity to meet increasing demand.

“The year started positively for VOEPL, with steady demand. Overall sales aligned with our projections. As we anticipate higher demand in the coming year, expanding capacity in the air conditioning segment has become a priority. With new product categories and ongoing expansions, we aim to drive both top-line and bottom-line growth in future financial years. Our focus remains on meeting targets and ensuring customer satisfaction,” Bharati stated.

A Glance at Virtuoso Optoelectronics

Founded in 2015, Virtuoso Optoelectronics has established itself as a major player in consumer electronics manufacturing. The company produces a range of white goods, including air conditioners and water heaters, operating as both an Original Equipment Manufacturer (OEM) and an Original Design Manufacturer (ODM).

With the Indian AC market projected to grow steadily, Virtuoso is well-positioned to benefit from this upward trend. Its strong financial performance, expansion plans, and increasing production capacity indicate that the company is gearing up for a significant leap in the coming years.

ShareTweetShareSendShare
Rahim Gupta

Rahim Gupta

Rahim Gupta, is a digital marketing maven known for his expertise in website optimization and SEO strategies. With an unwavering commitment to online success, he has guided countless businesses to new heights in the digital landscape. Rahim's concise, results-driven approach to SEO has made him a respected leader in the field.

Related Posts

indian household savings 2024 economic report

Household Savings in India Could Hit ₹22 Lakh Crore in 2024-25, RBI Surplus Boosts Fiscal Space

1 day ago
Alf Clausen composer The Simpsons orchestra recording studio

Alf Clausen, Longtime “Simpsons” Composer, Dies at 84 After Battling Parkinson’s

1 day ago
whatsapp status new creative features update

WhatsApp Rolls Out Fresh Tools to Make Your Status Updates Pop

2 days ago
ITC Infotech HR transformation SAP SuccessFactors

ITC Infotech Names Rashmi Sharma as General Manager of HR Transformation

2 days ago
Kannada period film Dhruva Sarja KD The Devil poster

Dhruva Sarja’s KD – The Devil: What’s Next for This Kannada Period Thriller?

3 days ago
prestige city indirapuram residential project india

Singapore-Backed Prestige Estates Surges 4% After ₹12,000 Crore Residential Project Approval

3 days ago
Heavy monsoon rainfall flooding in Kerala 2025

Red Alert Sounds as Monsoon Hits Hard in Southern India: Karnataka, Kerala, Tamil Nadu Brace for Flood-Like Rains

5 days ago
Kriti Sanon Magic Moments Vodka campaign photoshoot

Kriti Sanon Named New Face of Magic Moments Vodka as Brand Pushes Bold New Image

6 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

ADVERTISEMENTS

(adsbygoogle = window.adsbygoogle || []).push({});

POPULAR ARTICLES

eSports

Just How Big Will eSports Be?

8 years ago
Iontophoresis Device

Iontophoresis Device, the Best Treatment for Excessive Sweating

8 years ago
NOW Entertainment soon to Start Selling American Hustle82 Apparel

NOW Entertainment soon to Start Selling American Hustle82 Apparel

8 years ago
E-cigs Products in Classrooms

Is It Right to Ban the Juul and Other E-cigs Products in Classrooms?

8 years ago
Ryan Van Wagenen

Ryan Van Wagenen Expects Continued Growth for the Silicon Slopes

7 years ago
Working Remotely: Benefits for Employers and Employees

Working Remotely: Benefits for Employers and Employees

7 years ago
Benefits of installing Solar on your house

Benefits of installing Solar on your house

7 years ago
Casino Hacked using a Smart Thermometer

Casino Hacked using a Smart Thermometer

7 years ago
Ryan Van Wagenen Expands on Bitcoin, Ripple, and Investing in Other Cryptocurrency

Ryan Van Wagenen Expands on Bitcoin, Ripple, and Investing in Other Cryptocurrency

7 years ago
When Is The Right Time To Get A Logo For Your Business

When Is The Right Time To Get A Logo For Your Business?

7 years ago
Facebook Twitter Youtube

ABOUT US

The KeralaNews 24×7 website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

Contents produced in this website are subjected to DigitalCopyRight Law.

© 2023 KeralaNews 24×7 – Website Designed by VISION

WEBSITE STATS

  • Google News Approved
  • 1,00,000 Traffic/Month
  • Domain Authority – 25
  • 70% Traffic from Google

ADVERTISE WITH US

If you are looking to advertise your business or website, feel free to contact us at ceo.keralanews247@gmail.com

We accept following form of advertisements,

  • Banner Ads
  • Contextual Links
  • Guest Posts
  • Sponsored Posts

SEARCH

No Result
View All Result

MORE INFO

  • ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL

© 2023 KeralaNews 24x7 - Website Designed by VISION

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.