Satish Jamdar, MD of Blue Star told CNBC-TV18 that increased capex, revival of projects will push economic growth.
B Thiagarajan ED, Blue Star says the company is seeing ample demand even in the deep freezers segment and implementation of Goods and Service Tax (GST) will further boost its growth.
In an interview to CNBC-TV18, B Thiagarajan, executive director, Blue Star, says the company is hopeful of doing strong business in the room air conditioning and deep freezing business.
In an interview to CNBC-TV18, B Thiagarajan, executive director, Blue Star, says the company is in the business for the long-term and continues to be positive on the same.
B Thiagarajan, executive director, Blue Star expects the Indian AC market to grow at 15-20 percent in FY16.
In an interview to CNBC-TV18, B Thiagarajan, ED, Blue Star, discusses on the company‘s plans and future outlook.
B Thiagarajan, executive director, Blue Star, says he expects FY16 growth to be around 25 percent.
Blue Star will provide the refrigeration technology and Eureka will provide the purification part for this in-built water purifiers, said ED, B Thiagarajan.
Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
Discussing the results, B Thiagarajan, Executive Director & President- AC&R Products Business, Blue Star, said that a dip in Q2 margins is not a concern
B Thiagarajan, ED, Blue Star says the air conditioners market is set for an explosive growth over the next five years
“Topline has been flattish through fiscal 2013,†said Satish Jamdar, MD, Blue Star in an interview to CNBC-TV18. The company has delinked from telecom sector as it did not yield profit.
In an interview to CNBC-TV18, B Thiagarajan, president, Air-Conditioning & Refrigeration Products Group, Blue Star said that their air conditioning market was growing in-line with estimates.
FDI in retail will provide impetus to the corporate sector, he adds. Moreover, some uptake can also be expected in the cold storage segment, said Tyagarajan.
To counter the escalating raw material prices, Blue Star has hiked prices of its air-conditioning and refrigeration products.