WHIRLPOOLNSEWhirlpool of India Limited· Consumer DurablesMediumNeutral
Announced Fri, 22 May · 15:16 IST

Whirlpool of India Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureInvestor Communications View source PDF

WHIRLPOOL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹872.00
prior close
₹846.65
base price
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AI summary

Whirlpool of India reported Q4 standalone revenue of Rs 2,030 Cr (+7.4% YoY) driven by washer market share gains, strong air conditioner growth (Q4 volume growth >50%), and segment premiumisation. FY standalone revenue came in at Rs 7,474 Cr (+0.7%) as first half weakness (delayed summer) was offset by H2 recovery. EBITDA and PBT margins contracted sharply — Q4 standalone EBITDA was Rs 100 Cr (4.9%) and PBT Rs 91 Cr (4.5%) — due to regulatory upcharges for refrigerator and air conditioner energy upgrades, incremental E-waste provisions, and a one-time wage code provision. The company achieved its highest ever shipment month in March 2026, with aircon exceeding 1 lakh units in a single month. The P4G (Power of 4GY) manufacturing program delivered 220 bps gross margin improvement over three years, helping offset cost headwinds, and T2 (H2) margins improved vs prior year. Elica (subsidiary) delivered strong growth with revenue up 30% and PBT up 48%. Management flagged close monitoring of supply disruptions from the Middle East conflict.

Likely market impact

Margin pressure from regulatory costs and aircon product mix is a near-term headwind, though topline recovery in H2 and improving Q4 margins suggest operational stabilisation. The one-time wage code provision and E-waste charges suppressed reported profitability and may weigh on near-term investor sentiment.