Blue Star Ltd
Blue Star Q4 FY26: Order Book ₹6,923 Cr
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
For FY27, growth outlook is cautiously optimistic, highly dependent on how summer unfolds (Page 14, 20). FY26 faced multiple headwinds with modest revenue growth (3.6%) and slight decline in PBT (-3.9%) and net profit (-4.3%).
From Blue Star Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- For FY27, growth outlook is cautiously optimistic, highly dependent on how summer unfolds (Page 14, 20).
- Industry growth expected between 25% to 30% over last year in Q1 if summer is good; includes ~15% real growth plus ~10% price increase (Page 21).
- Market size estimated at 14.5 to 14.75 million units in FY26, expected ~17.5 million units by FY27 (Page 17).
- Blue Star aims to increase market share from current ~11-12% towards 15% (Page 14).
- Commercial AC and refrigeration businesses expect steady growth supported by manufacturing and data center sectors (Page 6, 17).
- International business is nascent; hopes to grow in next 3 years but current contribution is minimal (Page 9).
- Segment 1 (consumer AC) volumes may stabilize or grow moderately; pricing could affect demand but no major downtrading expected (Page 13, 21).
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Profitability & Margins
See what Blue Star Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Annual capex for Blue Star Limited is expected to be in the range of Rs. 250 Crore to Rs. 350 Crore.
- This capex includes routine maintenance, investments in R&D, product development, and IT.
- The company is operating its Sri City room air conditioner manufacturing facility close to 100% capacity (~6.5 lakh units).
- Depending on market growth, a decision to expand the manufacturing line at Sri City (already designed to be expandable) will be taken around October.
- No plans to enter white goods like refrigerators or washing machines; focus remains on air conditioning and refrigeration.
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Blue Star Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of March 31, 2026, Blue Star Limited's carry forward order book grew by 10.5% to Rs.6,923 Crore from Rs.6,263 Crore as of March 31, 2025.
- Electromechanical Projects business order book as of March 31, 2026, stood at Rs.4,664.5 Crore, marginally lower than Rs.4,755.2 Crore as of March 31, 2025.
- The overall order inflow for the current quarter was Rs.1,954.39 Crore, a 35.7% increase compared to Rs.1,439.99 Crore in Q4 of the previous year.
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Blue Star Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹4.1K Cr, net profit ₹227 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Blue Star Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Blue Star Ltd Q4 FY26 results?
For FY27, growth outlook is cautiously optimistic, highly dependent on how summer unfolds (Page 14, 20). FY26 faced multiple headwinds with modest revenue growth (3.6%) and slight decline in PBT (-3.9%) and net profit (-4.3%).
What is Blue Star Ltd share price analysis?
Blue Star Ltd currently shows a neutral. The stock trades at a P/E of 61.3 with a market cap of ₹34,235 Cr. Investors should review the full earnings analysis for detailed insights.
Is Blue Star Ltd planning capital expenditure?
Annual capex for Blue Star Limited is expected to be in the range of Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.