Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 22 2019

Blue Star eyes 13.5% market share in FY20

The company also aims to hit a market share of 15% in Kerala as it is the second largest player in the state.

Blue Star eyes 13.5% market share in FY20

Blue Star Limited, an Air conditioning and commercial refrigeration major, is eyeing to raise its market share to 13.5 % from the current 12.8% in FY 20. 

The company also aims to hit a market share of 15% in Kerala as it is the second largest player in the state.

CP Mukundan Menon, President (sales & marketing), products business, Blue Star, said, "In the current year the market share of the company has increased by 0.5 % to12.8% as it performed better than the industry. As compared with 4% industry growth in the room air conditioners, Blue Star achieved 10% growth this year."

Blue Star aims that its introduction of a slew of 75 new models of room air conditioners, including energy efficient inverter ACs for extra cooling, will raise its sales prospects.

"The company is likely to close the current year with a turnover of over Rs 5000 crore as compared with Rs 4600 crore in the last year. We are expecting good sales this summer. Normally 70% of the AC sales happen in the first half of the year," Menon stated. 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Fitness Equipment Stores
    About Us: Body Mechanism, Informally known as BM, Is an Advanced..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Bars, Pubs & Lounge
    About Us: Amidst the hustle and bustle of the city lies Baraza..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    About Us: ALS Satellite Education Pvt Ltd - is a venture started..
    Locations looking for expansion Delhi
    Establishment year 1979
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
  • Competitive Exam Coaching Institute
    About Us: Want to start your own institute or coaching? Unite..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities