BLUE STAR International Business Expansion

Low penetrated market and growing middle class purchasing power offer immense opportunity for growth... BLUE STAR Market Size (Units in millions) - FY20 140.0 80.0 5.4 Global China India 30.0% Penetration % - FY20 60.0% 6.0% Global China India Blue Star Market Share (%) 12.3% 12.5% 11.1% 11.5% 10.5% FY16 FY17 FY18 FY19 FY20 16

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