The Indian Meteorological Department (IMD) has indicated that most parts of the country should brace for a hotter than usual summer this year. B Thiagarajan, MD, Blue Star told CNBC-TV 18 that he expects teh firm to grow over 20 percent in fourth quarter of FY21.

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"In the summer season, I think it should be around 25 percent,” he added.

Thiagarajan noted that the demand recovery is primarily due to the fact that people are spending more time at home.

The company also increased its price in January by 3-5 percent and expects another 3 percent hike in April.

In terms of room air-conditioner (AC) market share, he said, “Our market share was 12.75 percent last year and as of now we are at 13 percent. We gained marginally during this period. Our goal is to reach the market share of 15 percent by FY23.”

For full interview, watch the video...

(Edited by : Pranati Deva)

First Published:Mar 9, 2021 12:47 PM IST