Whirlpool of India Limited submitted a press release containing its unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026.
Financial Performance Highlights
Consolidated Results for Q2 FY26-27:
- Revenue from operations: ₹1,873 Crore (14% increase year-over-year)
- EBITDA: ₹40 Crore (2.1% margin, 140 basis points lower than previous year)
- Profit Before Tax (before exceptional items): ₹34 Crore (1.8% margin, 110 basis points lower than previous year)
Operational Performance and Business Update
The revenue growth was driven by industry volume growth, strategic price actions, and continued premiumisation of the product portfolio.
During the quarter, the company launched "Luxuriem," a premium 4-door, 654-litre refrigerator range designed for modern Indian consumers seeking sophisticated aesthetics and intelligent capabilities.
Margin Analysis and Cost Pressures
Profit margins faced headwinds from multiple factors:
- Commodity inflation fueled by geopolitical instability
- Increase in crude oil prices
- Currency depreciation
- Cost upcharges stemming from new energy regulations in refrigerator and air conditioner categories
- Investments related to the Luxuriem launch
Mitigation Strategies
The company partially offset these cost pressures through:
- Strategic price increases
- Robust internal cost-productivity initiatives, primarily the P4G program
- Implementation of an additional ~5% price increase effective November 1, 2026, to safeguard margins against ongoing inflationary pressures
Subsidiary Performance
Elica India, the company's subsidiary, delivered:
- 12% increase in revenue for Q2 FY26-27
- 22% increase in Profit Before Tax for Q2 FY26-27
The subsidiary continues to add significant value to the consolidated entity.