The brokerage believes Blue Star's profit will grow over the medium term, supported by market share gains in room air-conditioners (RAC)
Air-conditioner and commercial refrigeration system maker Blue Star Ltd on Wednesday reported a 2.83 per cent rise in its consolidated net profit at Rs 98.78 crore for the September quarter. The company said that during the quarter, it faced headwinds like the extended monsoon period and disruption in sales channels due to the rationalisation in the GST slab for compressor-based cooling products. The company had posted a net profit of Rs 96.06 crore in the July-September quarter a year ago, according to a regulatory filing from Blue Star Ltd. Its revenue from operations increased by 9.3 per cent to Rs 2,422.37 crore in the September quarter of FY26. It was Rs 2,215.96 crore in the year-ago period. "During the quarter, the company reported modest revenue growth amidst a few headwinds. The Room ACs segment continued to experience a seasonal slowdown, influenced by an extended monsoon and lower temperatures impacting secondary sales and channel offtake," said Blue Star in its earnings
Technical charts suggest that shares of prominent consumer electronics makers - Blue Star Company, IFB Industries and Amber Enterprises can potentially rally up to 27% from here.
At 10:06 AM on Friday; the BSE Consumer Durable index was up 0.71 per cent, as compared to the 0.30 per cent rise in the BSE Sensex.
Blue Star stock has demonstrated a robust move in the last couple of trading weeks and has witnessed a 'Cup and Handle' pattern breakout on the daily chart.
The eventual tax rate on ACs is not clear but it is now at the maximum 28 per cent, so the planned cut should help dealers and manufacturers, who have struggled this year due to a cooler summer
Stocks such as Maruti Suzuki, TVS Motor, Blue Star, Johnson Controls and JK Cement can rally up to 26% as the government plans 2-tier GST reforms ahead of Diwali 2025.
The Nifty Consumer Durable Index, which tracks the performance of 15 stocks in the consumer durables sector, jumped by 3.14 per cent, reaching an intra-day high of 38,503
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Blue Star shares rose 3.5 per cent after the company posted Q1 results, during market hours on Wednesday
One in every 10 Nifty 500 stocks shed over 20% in the first-half of 2025. Here are 5 stocks among the top losers, which can potentially gain up to 23% in second-half this year, as per technical charts
Typically, the summer season from April to June sees peak sales of cold beverages, including carbonated drinks, ice creams, ACs, and other edible and non-edible cooling products
Blue Star were trading 3.5 per cent down at ₹1,618, compared to 0.33 per cent decline in the benchmark Nifty50 index
Homegrown cooling products maker Blue Star Ltd on Wednesday reported a 21 per cent rise in consolidated net profit to Rs 194 crore in the March quarter, driven by higher revenues. It had posted a net profit of Rs 159.71 crore in the January-March period of the preceding 2023-24 financial year, the company said in a regulatory filing. The company's total income increased to Rs 4,042.95 crore in the fourth quarter from Rs 3,340.16 crore in the same period a year ago. Expenses also rose to Rs 3,793.73 crore during the quarter against Rs 3,126.38 crore in the March quarter of FY24. For the entire FY25, the net profit increased to Rs 591.28 crore from Rs 414.31 crore in FY24. The board also recommended a final dividend of Rs 9 per equity share of Rs 2 each for the financial year ended March 31, 2025. It further approved the re-appointment of Vir S Advani as the company's Chairman & Managing Director for a further period of five years commencing from April 1, 2026. The approval is bas
Shares of Voltas and Havells India seem to be favourably placed on the technical charts; while Blue Star and Whirlpool look weak; check target price and key levels here
DEMAND BOILS OVER, PRICE HIKES SIZZLE: Room air conditioner majors eye scorching double-digit growth
Blue Star plans to invest Rs 400 crore in FY26 to increase its production capacity across room air conditioners, commercial refrigeration and commercial air conditioning segments
Share market today: IndiGo Airlines has emerged as the world's second fastest-growing airline in terms of seat capacity, with a 10.1 per cent increase in 2024
Of the total capex, Rs 200 crore will be allocated to the third phase of its Sri City plant to increase room air conditioner capacity by 12 lakh units from the current 8.5 lakh units
With a strong summer season and the introduction of a slew of new products, Blue Star is optimistic about its business prospects for FY26 and beyond