Blue Star's Q4 FY26 revenue increased 1.3% to Rs. 4,072 Cr, with PAT up 17.1% to Rs. 227.2 Cr driven by room AC demand. Full-year revenue rose 3.6% to Rs. 12,402 Cr. The order book stands at Rs. 6,923 Cr (+10.5% YoY).
Management is cautiously optimistic for FY27, noting an active summer. The room AC market offers huge growth, but margins will face cost pressures. Blue Star aims for 8-8.5% UCP margins by passing on price hikes. Data centers and manufacturing are pivotal growth areas for projects, with no new product category expansions planned.