Indian AC makers rise ahead of council meeting for tax cuts

Blue Star

01/09/2025 10:49

** Shares of Indian air conditioner makers are up between 3% and 5%

** Blue Star BLUS.NS is up 3.3%, Voltas VOLT.NS rises 3.2%, while Amber Enterprises AMBE.NS gains nearly 5% ahead of a tax council meeting

** The Goods and Services Tax (GST) council will meet on September 3-4 to discuss sweeping tax cuts, which are expected to benefit consumption driven stocks

** Last week Blue Star MD told Reuters that co, which had forecast growth of 10% to 15% in room AC sales volumes for the year to March, now expects an increase of up to 20%

** Currently ACs fall in the maximum 28% GST slab

** AMBE up 3.3% so far in 2025, while VOLT and BLUS fall 21% and 9%, respectively

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))