Voltas' share price drops 2.1% amid weak demand, inventory surplus, and pricing pressure in 2025.

• Brokerages warn margins may shrink as aggressive pricing meets channel inventory and delayed consumer purchases.
• Nomura cites difficulty providing FY2025 guidance; expects sales softness across key segments despite festive outlook.
• Analyst consensus holds Voltas at 'hold' with a median target of 1,408.5 rupees, reflecting modest optimism overall.