| Revenue growth | Record Q1 revenue at ₹2,582 Cr, up 11.4% YoY. |
|---|---|
| Margins | Structural contraction; EBITDA margin squeezed by 377 basis points YoY. |
| Demand visibility | Positive momentum in direct cool and front load segments; market responsive. |
| Management confidence | Balanced; acknowledging external 'Black Swan' cost pressures while touting innovation. |
Growth
11.4% YoY revenue growth driven by double-digit volume gains in direct cool refrigerators and semi-automatic washers.
Outlook
Management prioritizes maintaining market share over immediate margin recovery; no specific numerical growth guidance provided for FY27.
Risks
Substantial margin contraction from high crude prices, dollar depreciation, and inability to fully pass-on costs to consumers.
Last quarter's promises, checked
Delivered
- Launch premium frost-free refrigerators → Delivered Luxurian line (= BEAT)
- Launch large-capacity washers → Delivered 11kg top-load model (= BEAT)
- Scale up Air Conditioner business → Delivered 50% growth (= BEAT)
Partly delivered
- Drive premiumization ROI → Delivered record revenue but negative operating leverage (= PARTIAL)
Missed
- Maintain/Improve 30.6% gross margin → Delivered margin squeeze/contraction (= MISS)
- Recover e-waste/energy costs via pricing → Delivered structural margin contraction (= MISS)
Earnings Call Transcript filed with NSE, NSE: WHIRLPOOL. Summary written with AI assistance from the document.
Whirlpool of India Ltd: key numbers
- Share price
- ₹863.40
- Market cap
- ₹10,954 Cr
- Revenue (annual)
- ₹8,034 Cr
- Net profit (annual)
- ₹293.8 Cr
- P/E (TTM)
- 46.7×Sector 44.3×
- Promoter holding
- 39.76%+0.00% QoQ
- FII holding
- 12.50%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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