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Latest news about Blue Star

Blue Star MD Warns of Potential 50% Drop in AC Sales Amid GST Reform Anticipation 3 days ago

Blue Star's Managing Director, B Thiagarajan, anticipates a significant short-term impact on air conditioner sales due to expected GST reforms. Sales could decline by up to 50% as consumers delay purchases in anticipation of a tax reduction from 28% to 18%. The industry hopes for early notification of new rates, ideally before September 1, to minimize challenges during the festive season. Despite short-term setbacks, Thiagarajan remains optimistic, projecting 15-20% growth for the AC industry in fiscal year 2026 post-reform implementation.

Blue Star Reports Mixed Q1 Results Amid Challenging Summer Season Aug 13, 2025

Blue Star Targets 15% Revenue Growth Despite Q1 Setback Aug 08, 2025

Blue Star Faces Headwinds as Q1 Profit Dips Amid Weak Summer Demand Aug 07, 2025

Blue Star Eyes Stronger Demand in Upcoming Holiday Season Amid Q1 Revenue Growth Aug 06, 2025

More news about Blue Star

06Aug 25

Blue Star's Q1 Revenue Rises 4.1% Amid Challenging Summer Season

Blue Star Limited's Q1 consolidated revenue grew 4.1% YoY to ₹2,982.25 crore, despite challenges in room air conditioner business. Net profit declined to ₹120.82 crore from ₹168.76 crore last year. Electro-Mechanical Projects segment saw 35.9% revenue growth, while Unitary Products revenue fell 13.3%. The company maintained a net cash position of ₹370.92 crore and its order book grew 12.5% to ₹6,843.04 crore. Management expects demand revival in the upcoming festive season.

29Jul 25

Blue Star's V S Ashok Steps Down from Senior Management Role

Blue Star Limited has announced that V S Ashok, previously Executive Vice President – Customer Experience & ESG, has ceased to be a Senior Management Personnel. The decision was made by the company's Nomination and Remuneration Committee on July 29, 2025. Blue Star has informed stock exchanges about this development in compliance with SEBI regulations, stating that Mr. Ashok's departure from the senior management team is due to a change in his role within the organization. Specific details of his new role have not been disclosed.

16Jun 25

Blue Star Adjusts Growth Forecast, Expects 10-15% Expansion

Blue Star, a leading air conditioning and commercial refrigeration company, has adjusted its growth forecast from an initial 20% to a more conservative range of 10-15%. While specific reasons for the adjustment were not provided, the revision reflects the company's response to current market conditions. Despite the downward revision, the new projection still indicates positive growth expectations for Blue Star.

03Jun 25

Blue Star Reports Weak Business Performance in May

Blue Star, a leading air conditioning and commercial refrigeration company, has reported weak business performance for May and a challenging overall summer season. This unexpected downturn comes during what is typically a peak period for air conditioning sales in India. The company's statement suggests broader implications for their current fiscal quarter performance. While specific reasons were not provided, factors such as unseasonal weather, changing consumer habits, increased competition, or supply chain issues could be contributing to this trend.

03Jun 25

Blue Star Targets 10% Growth in Room Air Conditioner Volumes by FY26

Blue Star Limited, a leading air conditioning and commercial refrigeration company, has announced a target of 10% volume growth for its Room Air Conditioner (RAC) segment by fiscal year 2026. This strategic move aims to capitalize on the rapidly growing Indian air conditioning market, driven by rising disposable incomes, urbanization, and increasing temperatures. To achieve this goal, the company may employ strategies such as product innovation, distribution network expansion, competitive pricing, and enhanced marketing. However, Blue Star may face challenges including intense competition, economic fluctuations, and evolving consumer preferences.

07May 25

Blue Star Reports Robust Q4 FY24 Results, Announces ₹9 Dividend

Blue Star Limited's Q4 FY24 results show strong growth with revenue up 20.69% to ₹4,019.00 crore and net profit increasing 21.25% to ₹194.00 crore. EBITDA reached ₹279.00 crore. The company announced a final dividend of ₹9.00 per equity share for FY24.

07May 25

Blue Star Ltd: Q4 Profit Up 21.3%, Misses Estimates; Announces ₹9 Dividend

Blue Star Ltd posted a 21.3% year-over-year increase in Q4 net profit to ₹194 crore, slightly below analyst expectations of ₹208 crore. Revenue grew by 20.8% to ₹4,019 crore. The company's board recommended a final dividend of ₹9 per share for FY 2025.

22Apr 25

Blue Star Set to Benefit from Potential Relaxation of BIS Norms

The Indian government is reportedly planning to ease Bureau of Indian Standards (BIS) norms for Blue Star Limited, a major player in the air conditioning and commercial refrigeration industry. This relaxation could streamline compliance, accelerate product launches, and enhance Blue Star's competitiveness. The move signals a potential shift in the regulatory landscape for the sector, with possible implications for other industry players. The market will be closely monitoring the impact on Blue Star's performance and stock value.

19Mar 25

Blue Star Gears Up for Surge in AC Demand with Robust Supply Chain

Blue Star Limited, a leading air conditioning company, has announced its supply chain readiness to meet a potential 25-30% increase in air conditioner demand for the upcoming season. This preparedness positions the company to capitalize on anticipated market growth and maintain a competitive edge in the AC industry.

06Mar 25

Blue Star Unveils Rs 400 Crore Expansion Plan for FY2026

Blue Star Ltd announces a Rs 400 crore investment plan for FY2026 to expand manufacturing capabilities in air conditioning and refrigeration segments. The company aims for a 20% growth rate, focusing on increasing market share in room air conditioners and strengthening its position in commercial refrigeration. This strategic move is designed to meet growing demand in India's cooling solutions market.

06Mar 25

Blue Star Expands Commercial Refrigeration Portfolio to Meet Growing Market Demands

Blue Star Limited has announced a significant expansion of its commercial refrigeration solutions for the summer of 2025. The expanded portfolio includes deep freezers, storage water coolers, bottled water dispensers, visi coolers/freezers, and cold rooms. The new product line features innovative technologies, energy-efficient designs, and a focus on sustainability with low-GWP refrigerants. Blue Star manufactures these products at its state-of-the-art facilities in Wada and Ahmedabad, with enhanced R&D capabilities. The company aims to capitalize on strong growth in the commercial refrigeration industry, driven by demand from various sectors including Ice Cream OEMs, QSR chains, and the HoReCa sector.

04Mar 25

Blue Star Projects 35% Revenue Surge in Q4 FY24, Riding Summer Demand Wave

Blue Star Limited's Managing Director has announced an optimistic outlook for Q4 FY2024, projecting a 35% revenue growth. This growth is expected to be driven by increased demand during the summer months, a crucial period for the air conditioning and cooling solution provider. The projection reflects the company's confidence in its product lineup and market strategy, and could indicate positive trends in the broader Indian air conditioning market.

04Mar 25

Blue Star Sets Ambitious Target: 2 Million Air Conditioners by FY26

Blue Star Limited's Managing Director announced a goal to sell 2 million air conditioners in fiscal year 2026. This target suggests significant growth plans for the company, potentially involving expanded production capacity, increased market share, product innovation, and distribution network expansion. The ambitious goal aligns with the growing air conditioning market in India but faces challenges such as market competition, economic factors, and environmental regulations.

28Feb 25

Blue Star Ltd. Sees Significant Block Trade: 98,723 Shares Change Hands for Rs. 19.15 Crores

Blue Star Ltd., a leading air conditioning and commercial refrigeration company, experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 98,723 shares at Rs. 1,939.40 per share, totaling Rs. 19.15 Crores. This large-scale trade suggests potential strategic moves by institutional investors or major shareholders.

27Feb 25

Blue Star Subsidiary to Invest ₹200 Crore for Sri City Plant Expansion

Blue Star Limited's subsidiary plans to expand its manufacturing plant in Sri City, increasing production capacity by 20,000 units per month. The ₹200 crore expansion project is set to complete by fiscal year 2026, strengthening the company's market position in the air conditioning and commercial refrigeration sector. This strategic move aims to meet growing demand and enhance competitiveness in the HVAC industry.

25Feb 25

Blue Star Unveils 150 New Room AC Models, Aiming to Strengthen Market Position

Blue Star Limited has introduced 150 new room air conditioner models, expanding its product range across various segments and price points. The new lineup includes inverter, fixed speed, and window ACs with cooling capacities from 0.8 TR to 4 TR, starting at Rs 28,990. Key features include smart WiFi capabilities, AI Pro+ technology, and enhanced filtration options. The company aims to increase its market share to 14.3% by FY26, supported by expanded distribution networks and manufacturing capabilities. This strategic move aligns with the projected doubling of the Indian AC industry by FY30.

19Feb 25

Blue Star Ltd. Shares See Significant Block Trade Worth Rs. 28.25 Crores on NSE

A significant block trade of Blue Star Ltd. shares occurred on the National Stock Exchange. 147,043 shares were traded at Rs. 1,921.50 per share, totaling approximately Rs. 28.25 Crores. The identities of the buyer and seller were not disclosed. This large transaction has drawn attention from market observers due to its size and potential implications for institutional holdings or major stakeholder positions.