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Consumer durables maker Whirlpool of India Ltd on Monday (November 9) reported a 39% year-on-year decline in net profit to ₹25 crore for the second quarter, compared with ₹41 crore in the corresponding period last year.
Revenue from operations increased 13.7% to ₹1,873 crore from ₹1,647 crore a year ago. The company attributed the growth to an increase in industry volumes, strategic price actions and continued premiumisation of its product portfolio.
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 31% to ₹40 crore from ₹58 crore in the year-ago period. EBITDA margin contracted to 2.13% from 3.5% in the corresponding quarter last year.
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Profit before tax (PBT), excluding exceptional items, came in at ₹34 crore, with a margin of 1.8%, down 110 basis points from the corresponding quarter last year.
The company said profitability during the quarter was affected by commodity inflation driven by geopolitical instability, higher crude oil prices and currency depreciation. Margins also faced pressure from cost increases linked to new energy regulations in the refrigerator and air conditioner categories, as well as investments in the launch of its Luxuriem range.
These cost pressures were partly offset by strategic price increases and internal cost-productivity initiatives under the company's P4G programme. Whirlpool of India said it implemented an additional price increase of around 5%, effective November 1, 2026, to protect margins from ongoing inflationary pressures.
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During the quarter, the company launched Luxuriem, a premium four-door, 654-litre refrigerator range aimed at consumers seeking sophisticated design and enhanced functionality.
Elica India, Whirlpool of India's subsidiary, reported a 12% year-on-year increase in revenue and a 22% rise in PBT for the second quarter of FY27.
Shares of Whirlpool of India Ltd ended at ₹838.00, down by ₹2.85, or 0.34%, on the BSE.
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