Q4 2026 Blue Star Ltd Earnings Call Transcript

May 7, 2026 / 06:30 AM GMT

Release Date Price: ₹1748.2 (-3.27%)

Transcript

Key Points

Positve

Blue Star Ltd (BOM:500067) posted its highest ever quarterly revenue in Q4 FY26, driven by a late surge in demand for room air conditioners.
EBITDA margin improved to 8% in Q4 FY26 from 7% in the previous year, indicating better operational efficiency.
The company saw a 10.5% increase in its carried forward order book, reaching Rs. 6,923 crores as of March 31, 2026.
Segment 2, which includes unitary products, saw a margin improvement to 10.4% in Q4 FY26 from 8.4% in Q4 FY25.
Blue Star Ltd (BOM:500067) gained market share in the room air conditioner business during the current quarter, despite multiple challenges.

Negative

FY26 was challenging due to multiple headwinds, including a weak summer season and supply chain disruptions.
Net profit for FY26 decreased to Rs. 527.3 crores, down from Rs. 591.3 crores in FY25, reflecting a decline in profitability.
The company faced increased tax expenses in Q4 FY26, rising to Rs. 72.9 crores from Rs. 54.8 crores in the previous year.
The commercial refrigeration business experienced stagnant demand, particularly from the frozen food and QSR segments.
The international business faces geopolitical uncertainties, with future prospects highly dependent on the India-US trade deal.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BLUS.NS - Blue Star Ltd
Q4 2026 Blue Star Ltd Earnings Call
May 07, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good afternoon and welcome to the BlueStar Limited Q4 and FY26 Earnings Conference Call.

We have with us today from the management, Mr. B. Tiagarajan, Managing Director, BlueStar Limited and Mr. Nikhil Sohoni, Group Chief Financial Officer, BlueStar Limited.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. B.T. Yagarajan.

Thank you, and

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