BlueStar Targets 30% Growth in FY26, Plans ₹200+ Cr Investment in FY27.

Air-conditioning and commercial refrigeration major Blue Star Limited expects to achieve 30 per cent growth in value and 25 per cent growth in volume in the financial year ending March 2027, according to its Managing Director B Thiagarajan.

Speaking at the launch of the company’s new range of unitary cooling products for 2026, Thiagarajan said the company is optimistic about a stronger fiscal ahead after navigating a difficult FY26.

He noted that FY26 was challenging due to weak summer demand, which affected sales across the cooling products segment. The company also faced a temporary pause in purchases following the announcement of a GST cut, which led many buyers to defer purchases until the revised tax rate came into effect.

In addition, a spike in material costs and changes in energy efficiency standards created further disruptions during the year, impacting both production and pricing dynamics, he said.

Despite these headwinds, Blue Star expects demand conditions to improve in the coming financial year, helping the company achieve its targeted growth in both value and volume terms.