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Earnings Call

Blue Star Earnings Call: Key Takeaways

Blue Star delivered record Q4 revenue despite extreme seasonal headwinds. However, earnings quality was impacted by exceptional labor code provisions and aggressive pricing to maintain market share.

Why this was an Alfa AlertNot a filter event. Results were stated to be more or less in line with expectations.
Highlights
Revenue growthFY26 revenue rose 3.6% YoY to ₹12,402 crore.
MarginsEBITDA margins improved slightly YoY to 7.5% from 7.3%.
Order bookCarried forward order book grew 10.5% to ₹6,923 crore.
Demand visibilityStrong recovery in April 2026 as summer season set in late.
Management confidenceCautiously optimistic; acknowledging significant margin pressure and competitive headwinds.

Growth

Q4 revenue grew 1.3% while FY26 revenue grew 3.6%; primary growth driven by Unitary Products toward year-end.

Outlook

Projecting FY27 RAC market growth of 25%; aiming for 15% market share by 2030.

Risks

Commodity price inflation, geopolitical supply disruptions, and intense RAC competition threatening guided 8-8.5% margins.

Source

Earnings Call filed with BSE, NSE: BLUESTARCO. Summary written with AI assistance from the document.

Read the document ↗

Blue Star Ltd: key numbers

Share price
₹1,565.00
Market cap
₹32,179 Cr
Revenue (annual)
₹12,402 Cr
Net profit (annual)
₹527.7 Cr
P/E (TTM)
63.2×Sector 45.9×
Promoter holding
36.50%+0.01% QoQ
FII holding
12.75%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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