Blue Star

Blue Star aims to corner 15% share in residential AC market by FY25

Blue Star aims to corner around 15 per cent share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network, its Managing Director B Thiagarajan said on Wednesday. The company is witnessing a pick up in the markets of West and South regions and expects a 20 to 25 per cent volume growth this season. Blue Star, which is launching affordable products targeting the mass premium segment catering to price-sensitive and first-time buyers especially from non-metro towns, has introduced 75 products across the inverter, fix speed and window ACs. "We are aiming for 20 to 25 per growth in volumes in AC business this year," Thiagarajan said at a press meet here. According to him, the company targets to achieve a market share of 15 per cent by FY25 in the room air conditioner segment. The domestic residential AC market is estimated to be around 8 million units and had a double-digit growth last fiscal. Blue S

Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Shares of air-conditioner makers rally up to 7% amid heat wave alert

Analyst at Jefferies believes FY24E should see both Air-Conditioner (AC) and Engineering segments of Voltas being in a sweet spot.

M&M Finance, Blue Star: Trading strategies for 5 highly overbought stocks

Mahindra & Mahindra Financial Services, Sonata Software Limited, and Blue Star may rise up to 10 per cent in the overbought territory of RSI.

Blue Star Q3 profit rises 23% to Rs 58.41 cr, revenue up to Rs 1,788 cr

Air conditioning and commercial refrigeration firm Blue Star Ltd on Tuesday reported a 22.79 per cent rise in consolidated net profit at Rs 58.41 crore in the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 47.57 crore in the same quarter last fiscal, it said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,788.2 crore as against Rs 1,506.22 crore in the year-ago period, it added. Total expenses in the reported quarter were higher at Rs 1,712.96 crore as compared to Rs 1,449.64 crore in the corresponding period last fiscal. "This is the fifth consecutive quarter of good performance, and we expect to maintain the growth momentum in the coming quarters as well," Blue Star Ltd Vice Chairman & Managing Director Vir S Advani said. Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter

Blue Star Q1 net profit soars 470% to Rs 74 cr; revenue rises 87%

Air conditioning and commercial refrigeration maker Blue Star Ltd on Thursday saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing. Its revenue from operations was up 87.28 per cent at Rs 1,970.32 crore in comparison to a lower base of the pandemic-impacted corresponding quarter. In the year-ago period, Blue Star's revenue from operations was at Rs 1,052.04 crore. "With business and economic activities at 100 per cent normalcy in the first quarter of FY23, the growth momentum witnessed in the fourth quarter of FY22 continued in the first quarter of FY23. After two consecutive summers disrupted by the pandemic, this year witnessed a normal summer without any restrictions," said an earning statement from Blue Star. Consequently, demand for all Blue Star's products and services witnessed an uptick compar

Blue Star eyes Rs 10k cr revenue in medium term, to enter western countries

Air conditioning and commercial refrigeration major Blue Star aims to grow its revenue to Rs 10,000 crore in the medium term and plans to enter North American and European markets, according to the latest annual report of the company. The company is now gearing up for the next phase of growth and as part of that, is focusing on building scale. The next phase of growth will see Blue Star becoming a more eminent player on the international front and consolidate its position in the Middle East, Africa, and South Asia regions with deeper market penetration and the introduction of innovative products and solutions, said Vice Chairman & Managing Director Vir S Advani. "We have set more ambitious goals to expand our global footprint with a strategy to enter North America and Europe as an Original Design & Manufacturing (ODM) solutions provider," said Advani while addressing shareholders. Besides, Blue Star will further strengthen its R&D and innovation capabilities and deploy the

Nifty 500: 350 stocks below 200-DMA; ACC, Hero Moto, HUL new additions

Over 10 stocks slipped below their 200-DMA on Tuesday after the Nifty50 broke below its sentimentally important level of 16,400, while the Sensex lingered near 55,000-mark

Blue Star Q4 net profit up 12% to Rs 76 cr; sales rise 40% to Rs 2,248 cr

Air-conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported a 12.01 per cent increase in net profit at Rs 76.27 crore for the fourth quarter ended March 2022

Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave

Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.

Blue Star expects Sri City manufacturing plant to go on stream in Q3

The company unveiled new television commercial as part of launch of new range of air conditioners

Cool consumer durables stocks to buy to beat the summer heat this season

After a sluggish demand due to Covid-19 induced lockdown, commodity inflation stares before consumer durables sector. However, analysts see a new ray of hope with expectation of a blockbuster summer.

These 9 stocks gained over 15% in February despite Ukraine-Russia stand-off

While Blue Star record a new 52-week high, RHI Magnesia India hit a new all-time high in February

Blue Star consolidated net profit rises 29% at Rs 48 crore in Dec quarter

Air conditioner and commercial refrigerator maker Blue Star Ltd reported 29.37 per cent rise in consolidated net profit at Rs 47.57 crore for the third quarter ended December 2021.

Blue Star net profit jumps two-fold to Rs 31.45 crore in September qtr

Air conditioning and commercial refrigeration firm Blue Star on Thursday reported over two-fold jump in consolidated net profit to Rs 31.45 crore for the second quarter ended September 30

Blue Star to invest Rs 550 cr on new plant in Andhra's Sri City

The construction of the first phase of 30,000 sq meters will be completed by July 2022

Blue Star posts Rs 12.9-cr net profit for Jun quarter,rise in revenue by 8%

The company had posted a consolidated net loss of Rs 19.95 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing.

AC major Blue Star hopeful of improving business from second quarter

The firm had a 'bad summer season'

Havells, Blue Star: 7 hot stocks to keep your portfolio cool this summer

Bajaj Electricals and Whirlpool can see significant upside on follow-up buying, technical charts suggest. However, the overall market also needs to be positive for these stocks to gain further ground

Cool prospects for consumer durable firms as temperature set to soar

Indian Meteorological Department (IMD) expects day temperatures to remain above-normal in select regions across the country between March to May 2021