Blue Star Management Guidance Tracker
12 forward-looking guidance items tracked across 3 quarters.
Revenue
Management expects the room AC industry to end FY26 flat or down 5% vs last year, with Blue Star likely matching the industry.
Q3 FY26Q4 FY26 strong quarter for RAC, CAC, and refrigerationActiveManagement expects a strong Q4 driven by summer demand and pent-up demand after energy label change.
Q3 FY26Price hike of ~10% in Q4 FY26ActiveManagement plans to increase prices by ~10% to offset input cost inflation from commodities and forex.
Q4 FY26Q1 FY27 Industry RAC Growth 25-30% YoYActiveIf summer progresses well, management expects Q1 FY27 industry primary sales to grow 25-30% YoY (15% volume, 10% price).
Margins
Management now expects unitary cooling products margin to be 7-7.5% for FY26, down from earlier 8.5-9% and initial 9-9.5%.
Q2 FY26Segment 1 margin guidance maintained at 7-7.5%ActiveFor electromechanical projects and commercial AC, management expects margins to remain in the 7-7.5% range for the rest of FY26.
Q3 FY26Unitary products margin target of 8.5% for FY27TrackedManagement targets 8.5% EBITDA margin for unitary products in FY27, with potential upside to 9% in a strong summer.
Q4 FY26FY27 RAC Segment Margin Target 8-8.5%TrackedManagement expects unitary products segment margins to remain in the 8-8.5% range for FY27, assuming successful price pass-through.
Growth
Management reiterated its goal to reach 15% market share in room air conditioners by FY27, up from current ~13%.
Q3 FY26Segment 1 growth of 8-10% in FY27TrackedElectromechanical projects and commercial AC business expected to grow at 8-10% CAGR in FY27.
Q4 FY26Data Center MEP Revenue to Double in 3 YearsTrackedData center MEP revenue of ~₹1,000 crore is expected to more than double to ~₹3,000 crore within three years.