PL Capital Initiates Coverage On Blue Star, Sees Room AC Share Nearing 15% By FY27
PL Capital begins coverage on Blue Star, flagging its room AC market share climb from 7% in FY14 to 14.3% currently, with a 15% target by FY27 driven by product expansion and deeper distribution penetration.
PL Capital initiates coverage on Blue Star, noting its room AC market share rose from 7% in FY14 to 14.3% now, with a target of 15% by FY27 via product expansion and deeper distribution penetration.
Why this matters
Adds to bullish coverage on Blue Star after Nirmal Bang reiterated Buy on AC tailwinds and B2B momentum, though the company flagged a 200 bps margin hit despite the AC industry's 50% May surge.
Retail-company signals are accelerating, up 519200% QoQ.