India's Blue Star hits 9-month low on weaker first-quarter sales outlook

Blue Star

08/05/2025 09:10

** Shares of cooling solutions provider Blue Star BLUS.NS down as much as 3.6% to their lowest since August 12
   ** BLUS among top losers in the Nifty 500 index .NIFTY500, which is down 0.2%
   ** Co on Wednesday reported Q4 profit below estimates, hurt by higher raw material expenses
   ** In a post-earnings call with analysts on Thursday, co flagged higher inventories, moderate summer as factors impacting April sales
   ** BLUS now expects Q1 sales to rise 10%–15%, compared to the previously expection of 25%–30%
   ** Higher inventory could hurt sales of room air conditioners in Q1 – Investec
   ** BLUS down 23.3% YTD vs a 1.5% drop in the Nifty 500 index and a 30% YTD fall at rival Voltas VOLT.NS

(Reporting by Sethuraman NR in Bengaluru)

((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net
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