Whirlpool India Q3 results, 100% subsidiary buyout, promoter cut to 39.76%
WHIRLPOOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Smallcap 250 and 4.4 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Whirlpool India Q3 FY26 standalone revenue rose 3.8% YoY to INR 1,624 crore but PAT fell to INR 15 crore from INR 27 crore. Board approved buying remaining 3.18% in Elica PB Whirlpool Kitchen Appliances for about INR 59 crore, making it 100% owned. Exceptional charge of INR 39 crore booked for new Labour Codes. Promoter holding cut from 51% to 39.76%, so company is no longer a subsidiary of Whirlpool Mauritius.
PAT drop and Labour Codes charge may weigh on stock. Subsidiary ownership simplified, but promoter cut to 39.76% is a big change.