Blue Star Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Blue Star reported a challenging Q2 FY26 with modest consolidated revenue growth of 6.4% to Rs. 2,422 Cr, impacted by monsoon and GST changes. Net profit rose 2.8% to Rs. 99 Cr, with EBITDA margin improving to 7.6%. Room AC sales were subdued, leading to higher inventory (65 days). Management revised the full-year margin outlook for Unitary Products to 7-7.5%. Electro-Mechanical projects showed 16.5% revenue growth, maintaining 7-7.5% margin guidance, though order inflow was flat. While cautious on H2 due to inventory and weather, the company remains confident in long-term growth and market share expansion.