After divergent show in Q4, cool outlook for Voltas, Blue Star stocks

Voltas' volume growth and margin should improve moving forward, while Blue Star's business model remains robust and agile, say analysts

After a strong 19 per cent year-on-year growth posted by Blue Star in the March 2019 quarter (Q4), a tepid performance by Voltas was bound to disappoint. Shares of Voltas have been under pressure, while Blue Star's scrip is trading near 52-week highs. 

Different tales in Q4

For Voltas, even though its projects segment reported a decent 12 per cent year-on-year (YoY) growth, overall revenue in Q4 grew less than a per cent as its unitary cooling products segment posted a muted show, with revenues down 2 per cent YoY. Analysts say an extended winter affected North India sales of