“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.