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Informist, Saturday, Jul. 26, 2025

--Whirlpool Apr-Jun net profit INR 1.35 bln

--Analysts saw Whirlpool Apr-Jun net profit INR 1.26 bln

--Whirlpool Apr-Jun net profit INR 1.35 bln vs INR 1.34 bln year ago

--Whirlpool Apr-Jun revenue INR 23.17 bln vs INR 23.84 bln year ago

By Rizwan Ali

MUMBAI – Whirlpool of India Ltd. reported subdued earnings for the June quarter with top line failing to meet analysts' expectations. The company's top line for the quarter declined on year because of low demand for cooling category products due to poor summer and the early onset of monsoon. Its bottom line rose marginally on year led by low-single-digit on-year fall in its top line. This was despite the company's total expenses declining on a year-on-year basis, led by a low-single-digit decline in raw material costs and lower inventory loss.

The company's net profit for the quarter was INR 1.35 billion, up marginally from INR 1.34 billion reported in the year-ago quarter. The net profit exceeded analysts' estimate of INR 1.26 billion by 7%. The company's revenue for the quarter was INR 23.17 billion, down nearly 3% from INR 23.84 billion in the year-ago quarter and marginally lower than the estimated revenue of INR 24 billion. The company's earnings before interest, taxes, depreciation, and amortisation for the quarter was INR 1.95 billion, up 0.7% on year.

The company reported a near 3% on-year decline in total expenses to INR 21.85 billion. This was because of a near 4% on-year decline in raw material costs to INR 11.42 billion. Raw material costs accounted for over 50% of the company's total cost. The company's other expenses for the quarter rose nearly a percent on year to INR 3.57 billion. Its inventory loss fell to INR 874.5 million during the quarter from INR 2.80 billion in the year-ago period and inventory gain of INR 2.09 billion in the previous quarter. Finance costs were at INR 1.43 billion, up nearly 52% from INR 947 million in the year-ago quarter.

"Despite a very significant decline in industry of air conditioners and refrigerators in Q1 2025-26 versus year ago due to a poor summer and onset of early monsoon that affected all players, Whirlpool was able to actually grow profits by keeping its volume decline minimal via continuing to gain market shares in the refrigerator and washer category in April-May and through outstanding cost control behind its P4G program," the company said in a press release.

The company's consolidated revenue from operations for the quarter was INR 24.32 billion, down by 2.6% on year and the profit after tax was INR 1.46 billion, up 0.6% on year. Consolidated EBITDA for the quarter was INR 2.11 billion, up 0.1% on year.

On Friday, shares of the company ended at INR 1,399 on the National Stock Exchange, down almost 1%. The shares have risen nearly 8% since the announcement of its March quarter earnings on May 20. The shares are trading almost 50% down from the all-time high of INR 2,787.  End

Edited by Ashish Shirke

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