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B THIAGARAJAN
Heatwave drives surge in cold drink sales, AC and fridge demand stays weakIndia's scorching heatwave has boosted sales of soft drinks, ice-creams and dairy beverages, while higher prices and weak consumer sentimen...- H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
- From milk to ACs, everyday essentials getting costlier as war fuels inflationIndian households face rising costs for daily essentials. Fuel and commodity price hikes are pushing up prices for milk, packaged foods, an...
- Curbs on compressor imports could hit supply of ACs & refrigerators, warn companiesThe concern follows a May 8 order by the Department for Promotion of Industry and Internal Trade (DPIIT), which links compressor imports in...
- Inflation in driver’s seat likely to stall discretionary spendWhile consumer demand had started improving over the past four months after a prolonged slowdown, rising crude oil prices, supply disruptio...
- Heatwave spurs surge in AC, beverage, ice cream output in IndiaSoaring temperatures have triggered a sharp demand rebound for ACs, beverages, and ice cream, with companies boosting output after a 50% sa...
- Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....
- Why AC maker Blue Star wants both summer and monsoon seasons to be good this yearBlue Star’s growth outlook hinges on strong summer-led urban demand and a favourable monsoon supporting rural markets, which now drive over...
- Blue Star braces for a slow summer startThe room air-conditioner industry anticipates a challenging summer. Rising costs from global events and delayed heat are impacting sales. D...
- Blue Star sees strong growth in smaller towns, commercial air conditioning demand rises 20%As far as room air conditioners is concerned, we had a fantastic festival season as well. In fact, the growth was more than 30%. It is prob...
- Expect 30-40% growth in air conditioner sales this year: B Thiagarajan, Blue StarB Thiagarajan, MD of Blue Star, discusses the growth and outlook of the AC industry for FY24, including unexpected growth in March and proj...
- 15% CAGR and 15% market share is our goal: B Thiagarajan, Blue StarB Thiagarajan, MD of Blue Star, aims for a CAGR of 15% and a market share of 15%. The IMD has forecasted higher temperatures. Blue Star is ...
- Blue Star targeting to double exports within 3 years, says top officialBlue Star Ltd is targeting to double its exports within three years as the company looks to expand its international footprint. Blue Star M...
- Blue Star to increase prices in first week of April: MD"In January, we had hiked the prices between 5-8%, another hike of 3-5% will be happening in the first week of April because we had hoped t...
- Market next year should grow by 15 per cent and we want to grow in excess of 20 per cent: B Thiagarajan, Blue StarThe demonetisation did not affect Blue Star and the industry as a whole, said B Thiagarajan.
- Blue Star seeks CENVAT exemption for ACs in BudgetDemanding CENVAT exemption for 5-star and inverter ACs, a top official of Blue Star said such a move will help people shift to eco-friendly...
- Rupee slide has forced price revision: B Thiagarajan, Blue Star"In the month of May, for example, the market grew in secondary sales by 47%. We had grown by 50% in May and April-May put together, we gre...
- We will grow by 15-20% during Q1, maintain margins: B Thiagarajan, President, Blue Star"We would be in line with the market growth which I expect will be anything between 15% to 20%," says B Thiagarajan, President, Blue Star.
- Blue Star to aggressively focus on room AC segmentBlue Star plans to aggressively focus on the room air-conditioners segment this calendar year and is eyeing a market share of 9 per cent by...
- Blue Star expects financials to take a hit in next two quartersBlue Star anticipates its financials in the next two quarters to be affected by the downtrend in commercial construction activity.
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