Consumer Durables · BLSTR
Consumer Electronics
from 1,514 today
Blue Star reported Q1FY27 revenue growth of 13% YoY, while EBITDA and adjusted PAT dipped 13% and 21% respectively, impacted by cost inflation, higher A&P, and customer financing expenses. The stock is currently not rated.
Blue Star's 1QFY27 performance was significantly below estimates, affected by lower-than-estimated revenue growth in UCP and margin pressure across UCP/EMPS segments. We reiterate our Neutral rating on the stock with a TP of INR1,580.
UCP margins remained under pressure in Q1FY27 due to commodity cost inflation and delayed summer, though management expects gradual recovery. We have downward revised our FY27E/FY28E earnings and downgrade the stock to 'Accumulate' from 'BUY' with a revised SOTP-based target price of INR1,653.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
