Dolat Capital Market's research report on Blue Star
The AC industry is witnessing a strong offtake for the current summer as per our interaction with Blue Star. The company has taken a 5-8% price hike so far but expects the next round of price hike to likely happen in April. It expects the combination of price hike and scale effect to help it maintain margins.
Outlook
Company has already launched mass market products and aims to target Tier 3/4 cities and after establishing in South India, continues its efforts to improve share in North India. It opines that PLI can accelerate indigenization of AC components in India.
For all recommendations report, click here
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