Whirlpool of India operates as a subsidiary of Whirlpool Corporation. The company recently signed 30-year brand license and tech agreements with Whirlpool US. The company has made strong progress in its core strategic areas of driving premiumization, executional excellence and cost productivity.
Cyborg Score Rationale
Revenue grew 15.95% to ₹79.19B in FY25 with earnings up 65.41%. However, the company delivered poor 5-year sales growth of 4.37% and has a low ROE of 7.04% over last 3 years. Strong margins offset by muted growth trajectory and competitive pressures.
Top Insights
Q2 FY26 saw consolidated net profit fall 20.54% YoY while revenue slipped 3.83% YoY, signaling near-term headwinds despite longer-term improvements
Refrigerator business remained muted due to soft industry and continuing competitive pricing and promotions
Whirlpool Mauritius held 51% stake as of September 2025, with recent promoter stake dilution through block trades
Despite intense competition and pricing pressures, the company reported 47% EBITDA increase reflecting successful operational efficiency initiatives
Named Competitors
Refrigerators & ACs — Major competitor in refrigerators, washing machines, and air conditioners
White Goods — Strong presence in premium refrigerators and washing machines
Air Conditioners & Fans — Dominant player in air conditioning and cooling appliances
Recent Developments
(Feb 2026) Market cap declined to ₹11,437.5 Cr as stock price fell amid broader weakness
(Aug 2025) Promoter initiated stake sale process with potential reduction to ~20% ownership by mid-late 2025
(Feb 2025) Signed 30-year brand license and technology agreements with Whirlpool Corporation reinforcing long-term partnership
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