Blue Star's Yearly Sales Soars, Marking a 21.4% Increase

India: Blue Star, a prominent HVACR manufacturer and contractor in India, has reported exceptional financial results for the year ending March 31. Their sales surged to INR9685.36 crores (US$1.16 billion), marking a substantial 21.4% increase compared to the previous year. Additionally, their operating profit experienced significant growth, rising by 34.9% to INR664.94 crores (US$80 million). Blue Star's robust performance is attributed to its extensive network, including 30 offices, seven manufacturing plants, a deep freezer site at Wada, and a Blue Star Climatech facility at Sri City. With a workforce of over 3,000 employees and 8,000 stores offering a range of HVACR products and systems, along with 1,251 service associates, Blue Star has solidified its position as a leader in the Indian HVACR industry.

Vir Advani, CMD, Blue Star, says “room air conditioners had a fantastic Q4. April, of course, has been very strong for the industry as well as for us, as has our commercial refrigeration products, deep freezers, water coolers, etc. I think that the outlook for the summer is, of course, strong. In May and June, in various parts of the country, rains will start and so we should really look at January to June as overall market growth. I think it should be around 30% to 35%.”

Source: Cooling Post