Blue Star has registered 3.6% revenue growth in FY26 despite multiple headwinds impacting the businesses. The Room AC business was adversely impacted during the summer of 2025 due to unseasonal rains. But the demand for Room Air Conditioners picked up towards the end of the year, helping the company record its highest ever quarterly revenue in Q4FY26. Further, growth in the Projects, Commercial Air Conditioning and International Business helped offset external challenges and contributed to the company’s overall performance for the year.
Commenting on the present scenario, Vir S. Advani, Chairman & Managing Director, Blue Star Limited, said, “FY26 was a challenging year shaped by multiple external factors but it concluded on a positive note. The onset of summer from mid-April 2026 has led to a steady pickup in consumer sales of Room ACs, indicating improving market momentum for FY27. The Electro-Mechanical Projects and Commercial Air Conditioning segments are expected to sustain their growth trajectory, supported by demand from the manufacturing and data centre sectors. However, rising input and commodity costs along with volatile exchange rates may present some challenges in managing margins. Further, the ongoing Middle East crisis may lead to supply chain disruptions and could dampen growth. Overall, we remain cautiously optimistic about the outlook for FY27.
