Blue Star lifts festive sales forecast to 30% after GST cut on consumer durables
Following the GST Council's rate cut from 28% to 18%, Blue Star raised its festive season sales growth forecast to 30% from 15-20%, pledging to pass the full benefit to consumers. The company expects 20% full-year industry growth and holds inventory 30 days above requirement.
Blue Star raised its festive sales growth forecast to 30% after GST on consumer durables was cut from 28% to 18%, with full benefit passed to consumers; expects 20% full-year industry growth.