AC makers ride strong April-May surge before June rains and price hikes cool demand
Blue Star and peers logged ~30% value growth in Q1 FY26 as summer sales peaked early, but unseasonal June rains and 5-20% price hikes flattened volumes versus Q1 FY25. Raw material costs pressure margins as the quarter closes.
Indian AC makers saw strong April-May sales but June demand softened due to unseasonal rains and 5-20% price hikes. Industry expects ~30% value growth YoY in June quarter, flat versus Q1 FY25, with margin pressure from raw material costs.
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