Blue Star Eyes Brighter Skies: Targeting 30% Growth in FY27

Blue Star Limited expects to achieve 30 per cent growth in value and 25 per cent growth in volume in the financial year ending March 2027, according to its Managing Director B Thiagarajan.

Speaking at the launch of the company’s new range of unitary cooling products for 2026, Thiagarajan said the company is optimistic about a stronger fiscal ahead after navigating a difficult FY26.

He noted that FY26 was challenging due to weak summer demand, which affected sales across the cooling products segment. The company also faced a temporary slowdown in purchases after the announcement of a Goods and Services Tax rate cut, as many buyers postponed purchases until the revised tax rate came into effect.

Additionally, a surge in material costs and changes in energy efficiency standards created further disruptions during the year, impacting both production and pricing dynamics, he said.

Despite these challenges, Blue Star expects demand conditions to improve in the coming financial year, helping the company achieve its targeted growth in both value and volume.

News by Rahul Yelligetti.