WHIRLPOOL (Whirlpool of India) Share Price, Stock Quote

Summary of Latest Earnings Report from Whirlpool of India

Summary of Whirlpool of India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

The management of Whirlpool India provided an optimistic outlook for the upcoming fiscal period, emphasizing robust growth driven by increased market share and strategic investments. Key figures highlighted include a revenue growth rate of 17% year-over-year from April to December 2024, compared to the previous year. Additionally, profit before tax (PBT) has doubled, reflecting a 100% increase versus the prior year, alongside a gross margin improvement of 220 basis points.

Management underscored several strategic imperatives:

A firm focus on expanding the consumer-direct business and enhancing brand recognition.
A commitment to maintain a competitive and resilient supply chain, which supports operational efficacy.
Continuous investment in productivity initiatives aimed at cost reduction while ensuring product quality.

Specific forward-looking points include:

The company projects sustained momentum in revenue and profitability.
A commitment to exploring new product categories that leverage the company's strengths in refrigeration and washing machines, while enhancing product innovation.
The management also expressed confidence in the scalability of its operations, foreseeing opportunities for further market penetration, particularly in segmented categories such as premium appliances.

Overall, Whirlpool India aims to leverage its strong operational foundation to expand market presence while enhancing shareholder value through strategic growth initiatives.

Q&A Session

Last updated: Feb 25

Below are the major questions asked during the Q&A section of the earnings transcript along with detailed answers provided:

Question: What do you think about the productivity initiative, and when do you expect it to fall below gross margin levels? Answer: I want to highlight we are investing in growth that drives ROI within the year. Our gross margin improved by 220 basis points and PBT by 210 basis points. While some costs increased, they directly reflect in market share gains. We will evaluate further efficiencies, but I believe that as we gain scale, productivity will improve, leading to better margins.
Question: Given the competition, how do you plan to maintain market share and profitability? Answer: We focus on maintaining momentum with improvements in product and marketing strategies. Our organization is dedicated to driving profitable market share growth, despite competition. By enhancing efficiency in operations and retaining a focus on consumers, we aim to ensure that growth translates into market share gains.
Question: How are you addressing the employee cost inflation, especially compared to peers? Answer: Employee costs are driven by strategic investments in retail executives, enhancing our frontline capability, which translates into market share gains. This investment is seen as necessary for sales growth. We're tracking productivity monthly to ensure we're maximizing returns on these costs.
Question: With the planned sell-down to 20%, how can you assure shareholders of your continued commitment to the Indian market? Answer: The sell-down provides Whirlpool of India with increased autonomy in decision-making for growth initiatives. We will focus on long-term brand and technological licenses, ensuring that even with reduced stakes, we remain committed to driving value in the Indian market.
Question: Can you elaborate on your approach to long-term growth in light of the current market challenges? Answer: We prioritize operational efficiency while driving demand generation. Our strategies are focused on maintaining strong top-line growth that outpaces average industry growth, leveraging our position in core categories like refrigerators and washers, and capitalizing on opportunities in other segments over time.

These questions and answers provide insight into the company's growth strategy, market positioning, and financial performance outlook.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	WHIRLPOOL	Consumer
PE	48.31	54.33
PS	1.98	2.40
Growth	13.8 %	13.9 %

Shareholder Name	Holding %
Whirlpool Mauritius Limited	51%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Frontline Equity Fund	6.75%
Sbi Contra Fund	4.74%
Mirae Asset Large & Midcap Fund	4.46%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	3.74%
Uti-Mid Cap Fund	1.58%
Hdfc Large And Mid Cap Fund	1.16%
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio	1.1%

Cash Flow for Whirlpool of India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	145.5%	28	12	15
Change in inventories	228%	263	-203.62	55
Depreciation	15.3%	189	164	138
Unrealised forex losses/gains	736.8%	5.33	0.32	0
Adjustments for interest income	49.4%	116	78	47
Share-based payments	122.2%	14	6.85	4.81
Net Cashflows from Operations	140%	577	241	176
Income taxes paid (refund)	-19.6%	42	52	82
Net Cashflows From Operating Activities	184%	535	189	94
Cashflows used in obtaining control of subsidiaries	-	0	0	425
Proceeds from sales of PPE	-323.3%	0.33	1.3	1.81
Purchase of property, plant and equipment	-64.9%	61	172	164
Interest received	65.7%	117	71	43
Other inflows (outflows) of cash	0%	-0.07	-0.07	-0.1
Net Cashflows From Investing Activities	154.2%	56	-100.53	-543.16
Payments of lease liabilities	56.5%	37	24	17
Dividends paid	0%	63	63	63
Interest paid	20%	0.6	0.5	5.05
Net Cashflows from Financing Activities	-18.3%	-111.58	-94.15	-85.43
Net change in cash and cash eq.	7320.5%	479	-5.62	-534.7

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	107.1%	30	15	16
Change in inventories	231.5%	261	-196.73	67
Depreciation	13.4%	213	188	150
Unrealised forex losses/gains	920.8%	5.9	1.48	0.73
Adjustments for interest income	53.7%	127	83	48
Share-based payments	119.4%	15	7.38	5.03
Net Cashflows from Operations	98.8%	675	340	190
Income taxes paid (refund)	-7.2%	65	70	92
Net Cashflows From Operating Activities	126.4%	610	270	98
Cashflows used in obtaining control of subsidiaries	-	0	0	425
Proceeds from sales of PPE	-300%	0.34	1.33	1.83
Purchase of property, plant and equipment	-63.9%	66	181	170
Interest received	71.6%	128	75	47
Other inflows (outflows) of cash	-150.2%	-0.07	3.13	77
Net Cashflows From Investing Activities	159.6%	62	-101.36	-468.93
Payments of lease liabilities	51.9%	42	28	19
Dividends paid	0%	63	63	63
Interest paid	-138%	0.62	2	5.84
Net Cashflows from Financing Activities	-15.9%	-116.77	-100.65	-88.57
Net change in cash and cash eq.	726.9%	555	68	-459.73

Balance Sheet for Whirlpool of India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	10.5%	2,210	2,000	1,576	1,520	1,395	1,526
Current investments	-	0	0	0	0	0	0
Loans, current	-81.5%	1.05	1.27	1.62	1.38	1.48	1.64
Total current financial assets	4.8%	2,442	2,331	1,756	1,937	1,663	1,932
Inventories	-15.4%	982	1,160	1,156	1,422	1,131	1,219
Total current assets	-1.2%	3,611	3,653	3,101	3,591	2,956	3,355
Property, plant and equipment	-3.4%	901	933	899	898	914	776
Capital work-in-progress	-20%	17	21	11	18	25	71
Non-current investments	28%	764	597	597	597	597	597
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	26.9%	785	619	616	617	616	616
Total non-current assets	9.1%	1,861	1,706	1,659	1,663	1,722	1,667
Total assets	2.1%	5,472	5,358	4,760	5,254	4,678	5,023
Total non-current financial liabilities	0%	187	187	113	91	13	111
Provisions, non-current	7.8%	265	246	228	221	227	235
Total non-current liabilities	4%	468	450	344	314	332	350
Total current financial liabilities	-2.6%	1,399	1,436	1,074	1,637	1,116	1,475
Provisions, current	13.5%	60	53	49	48	52	43
Current tax liabilities	-	21	-	0	0	3.93	-
Total current liabilities	-1.5%	1,657	1,683	1,277	1,833	1,307	1,694
Total liabilities	-0.4%	2,125	2,134	1,621	2,147	1,640	2,044
Equity share capital	0%	127	127	127	127	127	127
Total equity	3.8%	3,347	3,225	3,139	3,107	3,039	2,979
Total equity and liabilities	2.1%	5,472	5,358	4,760	5,254	4,678	5,023

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	9.4%	2,443	2,233	1,758	1,678	1,495	1,610
Current investments	-	0	0	0	0	0	0
Loans, current	-60.5%	1.17	1.43	1.88	1.65	1.74	1.78
Total current financial assets	4.8%	2,740	2,615	1,987	2,131	1,811	2,067
Inventories	-12.7%	1,089	1,247	1,264	1,508	1,244	1,311
Total current assets	-0.1%	4,019	4,025	3,442	3,873	3,222	3,589
Property, plant and equipment	-3.4%	922	954	923	922	939	797
Capital work-in-progress	-20%	17	21	11	19	25	72
Goodwill	0%	748	748	748	748	748	748
Loans, non-current	-	0	0	0.03	0	0	0
Total non-current financial assets	-4.5%	22	23	20	21	20	20
Total non-current assets	-0.7%	2,101	2,115	2,075	2,086	2,151	2,097
Total assets	-0.3%	6,120	6,140	5,517	5,959	5,373	5,687
Total non-current financial liabilities	0.5%	191	190	118	96	13	116
Provisions, non-current	8%	285	264	244	235	242	248
Total non-current liabilities	3.4%	546	528	422	393	413	430
Total current financial liabilities	-1.7%	1,464	1,490	1,142	1,680	1,172	1,522
Provisions, current	13.8%	67	59	56	54	56	46
Current tax liabilities	2215.8%	23	1.95	0	0	4.52	0.62
Total current liabilities	-1%	1,751	1,769	1,367	1,898	1,385	1,756
Total liabilities	0%	2,297	2,296	1,790	2,291	1,797	2,186
Equity share capital	0%	127	127	127	127	127	127
Non controlling interest	-74.7%	40	155	151	148	145	143
Total equity	-0.5%	3,823	3,843	3,727	3,668	3,576	3,501
Total equity and liabilities	-0.3%	6,120	6,140	5,517	5,959	5,373	5,687

Valuation
Market Cap	15.59 kCr
Price/Earnings (Trailing)	48.31
Price/Sales (Trailing)	1.98
EV/EBITDA	22.19
Price/Free Cashflow	41.51
MarketCap/EBT	35.22

Fundamentals
Revenue (TTM)	7.86 kCr
Rev. Growth (Yr)	11.72%
Rev. Growth (Qtr)	-0.39%
Earnings (TTM)	322.76 Cr
Earnings Growth (Yr)	48.78%
Earnings Growth (Qtr)	-16.81%

Profitability
Operating Margin	5.87%
EBT Margin	5.63%
Return on Equity	8.44%
Return on Assets	5.27%
Free Cashflow Yield	2.41%

Income Statement for Whirlpool of India

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-1.1%	1,565	1,582	2,384	1,612	1,398	1,400
Other Income	2.3%	46	45	47	56	32	31
Total Income	-1%	1,611	1,627	2,431	1,668	1,430	1,431
Cost of Materials	-19.4%	867	1,076	1,187	1,081	657	896
Purchases of stock-in-trade	76.4%	128	73	169	201	41	36
Employee Expense	2.5%	206	201	201	176	177	154
Finance costs	-17%	8.47	10	9.47	7.99	7.9	4.96
Depreciation and Amortization	-2.2%	45	46	50	55	41	43
Other expenses	-3.9%	274	285	353	263	221	249
Total Expenses	0.3%	1,575	1,570	2,250	1,555	1,408	1,396
Profit Before exceptional items and Tax	-37.5%	36	57	181	114	22	35
Exceptional items before tax	-	0	0	0	-18.91	0	0
Total profit before tax	-37.5%	36	57	181	95	22	35
Current tax	-16.7%	16	19	57	23	15	7.33
Deferred tax	-67.1%	-6.57	-3.53	-10.04	6.32	-7.16	2.34
Total tax	-41.9%	9.72	16	47	30	7.5	9.67
Total profit (loss) for period	-36.6%	27	42	134	65	15	26
Other comp. income net of taxes	-778.6%	0.05	1.14	1.85	-0.35	0.2	-1.18
Total Comprehensive Income	-38.1%	27	43	136	65	15	24
Earnings Per Share, Basic	-51.5%	2.11	3.29	10.564	5.115	1.16	2.01
Earnings Per Share, Diluted	-51.5%	2.11	3.29	10.564	5.115	1.16	2.01

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	2%	6,333	6,210	5,993	5,900	5,993	5,398
Other Income	24.8%	152	122	62	90	129	105
Total Income	2.4%	6,485	6,332	6,055	5,989	6,121	5,502
Cost of Materials	0.7%	3,769	3,741	3,296	3,290	3,244	2,970
Purchases of stock-in-trade	-42.3%	421	729	627	556	643	465
Employee Expense	11.9%	678	606	598	630	590	493
Finance costs	145.5%	28	12	15	15	20	9.09
Depreciation and Amortization	15.6%	186	161	136	142	129	111
Other expenses	5.7%	1,029	974	932	1,007	1,080	888
Total Expenses	2.4%	6,235	6,086	5,749	5,538	5,468	4,876
Profit Before exceptional items and Tax	1.2%	250	247	306	451	653	626
Exceptional items before tax	-	-18.91	0	-2.11	0	0	0
Total profit before tax	-6.5%	231	247	304	451	653	626
Current tax	4.4%	72	69	81	122	179	223
Deferred tax	-14.3%	-8.11	-6.97	-0.48	-4.56	-2.29	-3.72
Total tax	3.3%	64	62	81	118	177	219
Total profit (loss) for period	-9.8%	167	185	223	333	476	407
Other comp. income net of taxes	41.5%	-0.07	-0.83	-8.16	1.15	-2.37	-5.18
Total Comprehensive Income	-9.3%	167	184	215	334	474	402
Earnings Per Share, Basic	-10.2%	13.192	14.571	17.56	26.27	37.54	32.08
Earnings Per Share, Diluted	-10.2%	13.192	14.571	17.56	26.27	37.54	32.08

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-0.5%	1,705	1,713	2,497	1,734	1,536	1,522
Other Income	4.2%	51	49	51	60	36	34
Total Income	-0.4%	1,755	1,762	2,548	1,794	1,571	1,555
Cost of Materials	-18.1%	910	1,111	1,215	1,108	684	931
Purchases of stock-in-trade	29.7%	145	112	209	217	92	80
Employee Expense	2.3%	219	214	213	189	190	166
Finance costs	-18%	9.2	11	10	8.61	8.53	5.6
Depreciation and Amortization	-2%	51	52	56	62	47	49
Other expenses	-4.2%	299	312	377	285	249	273
Total Expenses	0.4%	1,696	1,689	2,352	1,660	1,529	1,503
Profit Before exceptional items and Tax	-19.4%	59	73	196	133	42	52
Exceptional items before tax	-	0	0	0	-18.91	0	0
Total profit before tax	-19.4%	59	73	196	114	42	52
Current tax	-12%	23	26	59	31	22	14
Deferred tax	-39.1%	-8.46	-5.8	-8.82	3.83	-9.25	0.12
Total tax	-26.3%	15	20	51	35	12	14
Total profit (loss) for period	-17%	45	54	145	79	30	38
Other comp. income net of taxes	-713.3%	0.08	1.15	1.9	-0.37	0.2	-1.12
Total Comprehensive Income	-18.5%	45	55	147	79	30	37
Earnings Per Share, Basic	-20.6%	3.46	4.1	11.336	6.116	2.21	2.89
Earnings Per Share, Diluted	-20.6%	3.46	4.1	11.336	6.116	2.21	2.89

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	2.4%	6,830	6,668	6,197	5,900	5,993	5,398
Other Income	29.4%	164	127	63	90	129	105
Total Income	2.9%	6,994	6,795	6,260	5,989	6,121	5,502
Cost of Materials	0.5%	3,885	3,865	3,357	3,290	3,244	2,970
Purchases of stock-in-trade	-33.3%	570	854	684	556	643	465
Employee Expense	11.9%	725	648	617	630	590	493
Finance costs	107.1%	30	15	16	15	20	9.09
Depreciation and Amortization	13.6%	210	185	147	142	129	111
Other expenses	5.6%	1,126	1,066	972	1,007	1,080	888
Total Expenses	2.6%	6,667	6,498	5,944	5,538	5,468	4,876
Profit Before exceptional items and Tax	9.8%	326	297	316	451	653	626
Exceptional items before tax	-	-18.91	0	325	0	0	0
Total profit before tax	3.4%	307	297	640	451	653	626
Current tax	14.3%	97	85	89	122	179	223
Deferred tax	-18.5%	-14.21	-11.84	-6.13	-4.56	-2.29	-3.72
Total tax	13.9%	83	73	83	118	177	219
Total profit (loss) for period	0%	224	224	567	352	490	410
Other comp. income net of taxes	38.9%	-0.02	-0.67	-8.18	1.14	-2.38	-5.16
Total Comprehensive Income	0.5%	224	223	559	353	488	405
Earnings Per Share, Basic	-0.9%	17.107	17.26	44.64	27.73	38.637	32.3
Earnings Per Share, Diluted	-0.9%	17.107	17.26	44.64	27.73	38.637	32.3

Investor Care
Dividend Yield	0.94%
Dividend/Share (TTM)	10
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	25.01

Financial Health
Current Ratio	2.29
Debt/Equity	0.00
Debt/Cashflow	0.00

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
HAVELLS	Havells IndiaConsumer Electronics	97.9 kCr	20.99 kCr	+7.54%	-5.02%	69.93	4.66	+15.14%	+18.43%
VOLTAS	VoltasHousehold Appliances	41.03 kCr	15.15 kCr	-4.48%	-16.86%	57.85	2.71	+31.94%	+152.66%
BLUESTARCO	Blue StarHousehold Appliances	34.69 kCr	11.34 kCr	-16.31%	+16.53%	62.28	3.06	+25.68%	+16.07%
CROMPTON	Crompton Greaves Consumer ElectricalsHousehold Appliances	21.57 kCr	7.83 kCr	+1.75%	+2.95%	41.02	2.75	+8.63%	+19.52%
BAJAJELEC	Bajaj ElectricalsHousehold Appliances	6.3 kCr	4.81 kCr	+1.30%	-42.53%	60.77	1.31	-5.04%	-32.51%

WHIRLPOOL - Whirlpool of India Ltd Share Price

What does Whirlpool of India Ltd do?

Summary of Latest Earnings Report from Whirlpool of India

Sector Comparison: WHIRLPOOL vs Consumer Durables

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Cash Flow for Whirlpool of India

Balance Sheet for Whirlpool of India

Valuation

Fundamentals

Profitability

Income Statement for Whirlpool of India

Investor Care

Financial Health

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Is Whirlpool of India Better than it's peers?