4 AC Stocks in India to Add to Your watchlist

#2 Voltas

Voltas Ltd, a pioneer in the Indian air conditioning industry, was established six decades ago through a collaboration between Tata Sons and the Swiss company Volkart Brothers.

Over the years, the company has built a strong brand reputation, consistently leading the residential and commercial cooling segment.

As part of the Tata Group, Voltas benefits from a strong backing, with the conglomerate holding a 30.3% stake.

The company's revenues for Q3 FY26 were Rs 30,708 m compared to Rs 31,051 m YoY. Voltas reported a net profit of Rs 1,166 m compared to Rs 1,632 m YoY.

In its recent presentation the management said Q4 will focus on execution and seasonal readiness, with refreshed RAC lineups and calibrated pricing, and is geared to meet peakseason demand. This includes the new capacity ramp at Pantnagar and Chennai.

For more details, check out Voltas financial factsheet.

#3 Blue Star

Founded in 1943, Blue Star Ltd is one of India's most recognised names in the air conditioning and commercial refrigeration industry.

The company manufactures a wide range of products, including air purifiers, air coolers, water purifiers, and cold storage solutions.

Blue Star also offers turnkey solutions and is the largest after-sales service provider for air conditioning and commercial refrigeration products in the country.

Coming to the financial performance for the quarter ended December 2025, sales was up 4.2 % YoY, and operating profit was up 5.4% YoY. The operating margin stood at 2.3%.

The net profit was down 39% YoY.

For more details, check out Blue Star's financial factsheet.

#4 PG Electroplast

PG Electroplast Ltd (PGEL), set up in 2003, is a leading Indian Electronic Manufacturing Services (EMS) provider.

The company specialises in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and plastic injection molding, catering to leading consumer durables and appliance brands.

It has 11 manufacturing units and major clients like Carrier, Jaguar, Kohler, and Whirlpool.

The company's wholly owned subsidiary, PG Technoplast Pvt Ltd, manufactures air conditioners, coolers, and components for various consumer durables.

Back in FY24, it entered into a joint venture partnership with Goodworth Electronics to enhance its television and hardware business.

It also acquired a 100% stake in Next Generation Manufacturers, strengthening its position as an outsourcing vendor for the consumer durables and electronics business of the Amstrad brand.

Coming to its financials, performance for the quarter ended December 2025 was robust.Sales were up 45.9 % YoY, and operating profit was up 36.5% YoY, while operating margins stood at 8.9%, Proft was up 50.3 % YoY, and profit margins stood at 4.3%.

The management gave a guidance of Rs 57-58 bn in sales for FY26 and a capex of Rs 7-7.5 bn in the December conference call.

In line with its long-term strategy, PGEL is also working to reduce its reliance on Chinese imports by increasing domestic value addition over the next 2-3 years.

This aligns with the broader confidence in India's growth, given the low penetration of products such as air conditioners and washing machines, which are expected to fuel future demand.

For more details, check out PG Electroplast's financial factsheet.

Listed Stocks Performance

Conclusion

As heatwaves rise, the demand for air conditioners isn't just about comfort, it's becoming a necessity. While consumers rush to cool their homes, investors have a golden opportunity to turn up the heat on their portfolios.

The companies we've covered are not only thriving in India's booming AC market but are also expanding, innovating, and adapting to meet surging demand.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

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