Whirlpool of India Ltd
NSE:WHIRLPOOL

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Whirlpool of India Ltd Logo
Whirlpool of India Ltd
NSE:WHIRLPOOL
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Price: 949.5 INR -3.35% Market Closed
Market Cap: 120.5B INR

Whirlpool of India Ltd
Investor Relations

In the bustling corridors of the Indian consumer market, Whirlpool of India Ltd. stands as a prominent player in the realm of home appliances. With a lineage tracing back to its parent company, Whirlpool Corporation, which is headquartered in Benton Harbor, Michigan, the Indian subsidiary has carved out a significant niche for itself in the field of efficient and modern home solutions. The company’s operations are characterized by its commitment to innovation and quality, as it manufactures, markets, and services a wide array of consumer electronics. Product offerings range from refrigerators, washing machines, and air conditioners, to microwaves and small domestic appliances, each designed to cater to the ever-evolving needs of its consumer base. By leveraging advanced technology and a robust distribution network, Whirlpool of India ensures its products reach both metropolitan and rural customers, aligning with the diverse demands of the Indian market.

Financially, Whirlpool of India’s business model revolves around its ability to blend global expertise with localized strategies. The company drives revenue through direct sales to consumers as well as through retail partnerships, spanning a substantial network across the country. Besides its strong retail presence, Whirlpool of India has embraced e-commerce channels, adapting to the rising digital purchasing trends. A substantial portion of its income is also sustained by its after-sales services, which foster customer loyalty by ensuring long-term engagement with its products. Additionally, strategic brand positioning and marketing have propelled Whirlpool to be perceived as a trustworthy and reliable home appliance provider, generating brand loyalty and repeat purchases. This multidimensional approach not only fuels the company’s economic engine but also reinforces its status as a leader in India’s competitive appliance landscape.

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WHIRLPOOL
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Feb 7, 2025
AI Summary
Q3 2025

Revenue Growth: Whirlpool of India reported 12% year-on-year revenue growth for Q3, with 17% growth for the April–December period, reflecting a major turnaround in business performance.

Profit Surge: Profit before tax (PBT) more than doubled, up 100% for the April–December period and 65% for Q3 versus last year, driven by top-line growth and strong cost controls.

Gross Margin Expansion: Gross margin improved by over 220 basis points year-on-year, due to productivity initiatives and premiumization.

Market Share Gains: Whirlpool achieved triple-digit basis point gains in market share across key categories (refrigerators and washers) for the last three quarters.

Sell-Down by Parent: Whirlpool Corporation plans to reduce its stake in Whirlpool of India from a majority to a minority position, citing increased autonomy and flexibility for the India business.

Staff Costs & Investments: Elevated staff costs are largely due to investments in retail brand ambassadors and sales capability, which management says are driving ROI and underpin market share gains.

Outlook on Margins: Management reiterated a long-term goal of high single-digit EBITDA margins but declined to give a near-term timeline, citing a multiyear path.

Key Financials
EBITDA
INR 44 crores (stand-alone), INR 69 crores (consolidated)
PBT (Consolidated)
INR 59 crores
Working Capital
Minus 3% of sales (September 2024)
Other Earnings Calls
2024

Management

Mr. Narasimhan Eswar
MD & Executive Director
No Bio Available
Mr. Aditya Jain
Chief Financial Officer
No Bio Available
Ms. Roopali Singh
VP of Legal, Compliance Officer & Company Secretary
No Bio Available
Ganesh Subramanian
Head of Service Quality & Systems and Training
No Bio Available
Mr. Amit Aggarwal
Head of Information Technology & Director of IT Solutions Management
No Bio Available
Mr. Sivaramakrishna R.
Factory Head of Puducherry
No Bio Available
Mr. Mansoor Patel
Factory Head of Pune
No Bio Available
Mr. Anuj Lal
Executive Director
No Bio Available
Mr. Sarabjeet Singh
Factory Head of Faridabad
No Bio Available

Contacts

Address
HARYANA
Gurgaon
Whirpool House, Plot No. 40, Sector 44
Contacts