Whirlpool of India Ltd., a subsidiary of Whirlpool Corporation, is a leading home appliance manufacturer headquartered in Gurugram. Formed in 1996 through the merger of Kelvinator India and the TVS joint venture, it operates three advanced manufacturing plants in Faridabad, Puducherry, and Pune.
Its wide product range includes refrigerators, washing machines, air conditioners, microwave ovens, dishwashers, and kitchen appliances, serving both domestic and international markets.
Target & Rationale
TradeBrains Portal has given a target of Rs. 1,490, which translates to an upside of 16.68 percent from current levels of Rs. 1,275. As of now, Whirlpool of India has a market capitalisation of Rs. 16,180 Crores, with a past 1-year return of -19 percent.
Whirlpool of India is strengthening its position through strategic investments and product innovation. Its Pune facility has earned Silver certification in World Class Manufacturing (WCM), and the company is investing significantly in refrigeration capacity and product expansion. It also plans to increase its stake in the profitable Elica brand and has launched a new range of high-capacity washing machines to meet growing consumer demand.
These moves align with strong industry growth trends. The Indian Appliances and Consumer Electronics (ACE) market is expected to reach US$ 149.1 billion by 2033, while the consumer durables sector aims to expand its GDP share and become the fourth-largest market by 2027. The washing appliances segment alone is projected to grow at a 7.65 percent CAGR, reaching US$ 5.43 billion by 2029.
Q4 FY25 Financial Highlights
The company reported a 15.62 percent YoY increase in revenue from Rs. 1,734 Crore in Q4FY24 to Rs. 2,005 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 17.59 percent in revenue from Rs. 1,705 Crore in the previous quarter.
Their Net profit saw an increase of 50.63 percent YoY from Rs. 79 Crore to Rs. 119 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 164.44 percent in Net profit from Rs. 45 Crore in the previous quarter.
Written By Abhishek Das
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