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Buy Whirlpool of India Ltd For Target Rs. 2,483 by Yes Securities Ltd Result Synopsis Whirlpool’s consolidated revenue came 2.5% below estimates. Revenue grew 12.6% yoy. WHIRL revenue grew in double digit despite overall industry for refrigerator and washers was flattish in Q2. Revenue growth was driven by strong volume share growth in Refrigerators and Washers compared to last year as well as more premium product mix driving value growth. The company continued to gain market share in its key categories of refrigerators and washers. Gross margin has im...
Buy Whirlpool of India Ltd For Target Rs. 2,483 by Yes Securities Ltd
Buy Whirlpool of India Ltd For Target Rs. 2,483 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 03:58:52 pm
NEUTRAL Whirlpool of India Ltd For Target Rs. 2,332 By Yes Securities Result Synopsis Whirlpool’s consolidated revenue came 7% above estimates. Revenue grew 22.5% yoy. WHIRL strong revenue growth was aided by partly strong industry growth for the summer products like refrigerator and air-conditioners and partly by market share gains in both the key categories of refrigerators and washers. WHIRL’s market share has significantly grown as compared to previous year. Gross margin has improved ~153bps yoy, however in sequential basis it has contracted ...
NEUTRAL Whirlpool of India Ltd For Target Rs. 2,332 By Yes Securities
NEUTRAL Whirlpool of India Ltd For Target Rs. 2,332 By Yes Securities
Source: Yes Securities Ltd
2024-08-21 06:29:30 pm
Whirlpool's India unit beats Q1 profit estimate on strong demand Home appliances maker Whirlpool of India beat first-quarter profit estimates on Monday, helped by strong demand for its air conditioners and refrigerators amid hot weather in the country. Whirlpool's India unit posted consolidated net profit of 1.44 billion rupees ($17.3 million) in the quarter ended June 30, compared to 748.8 million rupees an year ago. Analysts, on average, had expected a profit of 1.27 billion rupees, as per LSEG data. Revenue from operations rose nearly 23% t...
Whirlpool's India unit beats Q1 profit estimate on strong demand
Whirlpool's India unit beats Q1 profit estimate on strong demand
Source: Reuters
2024-07-29 04:30:37 pm
Whirlpool rises on joining hands with Hindustan Unilever to enhance laundry experience for consumers Whirlpool of India is currently trading at Rs. 1815.55, up by 21.85 points or 1.22% from its previous closing of Rs. 1793.70 on the BSE. The scrip opened at Rs. 1822.10 and has touched a high and low of Rs. 1827.50 and Rs. 1796.10 respectively. So far 12255 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,836.50 on 13-Jun-2024 and a 52 week low of Rs. 1186.85 on 27-Feb-2024. Last one week high and low of the s...
Whirlpool rises on joining hands with Hindustan Unilever to enhance laundry experience for consumers
Whirlpool rises on joining hands with Hindustan Unilever to enhance laundry experience for consumers
Source: Accord Fintech
2024-06-13 11:16:35 am
Buy Whirlpool of India Ltd For Target Rs.1,677 - Yes Securities Ltd Market share and margins set to improve; upgrade to BUY Result Synopsis Whirlpool’s consolidated revenue came inline with the estimates. Revenue grew 17.9% yoy. Double digit revenue growth was driven by executional excellence, cost productivity and shifting of festive season with more festive days falling in Q3 vs Q2 in previous year. Volume across the category grew for WHIRL with them grew faster than the market resulting in market share gains. The company has rationalized the pr...
Buy Whirlpool of India Ltd For Target Rs.1,677 - Yes Securities Ltd
Buy Whirlpool of India Ltd For Target Rs.1,677 - Yes Securities Ltd
Source: Yes Securities Ltd
2024-03-11 12:04:43 pm
Exclusive-Whirlpool set to sell 24% stake in Indian unit for up to $451 million Appliance maker Whirlpool is selling a 24% stake in its Indian unit this week for up to $451 million via block deals, according to a term sheet seen by Reuters, amid record share offerings on the country's stock market. Whirlpool plans to sell the stake at a price of 1230 rupees per share, a 7.6% discount to Monday's closing price. It aims to complete the deal by Wednesday. Goldman Sachs is advising Whirlpool on the deal, the term sheet showed. Goldman and Whirlpool did not imme...
Exclusive-Whirlpool set to sell 24% stake in Indian unit for up to $451 million
Exclusive-Whirlpool set to sell 24% stake in Indian unit for up to $451 million
Source: Reuters
2024-02-20 09:16:05 am
Whirlpool`s Indian unit quarterly profit jumps on strong demand Whirlpool of India Ltd reported a nearly 13% jump in its third-quarter profit on Friday, supported by upbeat domestic demand for white goods. Consolidated net profit rose to 279.9 million rupees ($3.38 million) in the quarter ended Dec. 31, from 246.9 million rupees a year earlier. Revenue from operations in Whirlpool's Indian unit rose nearly 18% to 15.36 billion rupees for the first time in four quarters. For further results highlights, click KEY CONTEXT Sales of cooling ...
Whirlpool`s Indian unit quarterly profit jumps on strong demand
Whirlpool`s Indian unit quarterly profit jumps on strong demand
Source: Reuters
2024-02-02 02:27:47 pm
Add Whirlpool of India Ltd For Target Rs.1,840 - Yes Securities Market share gain continues; assign ADD rating Result Synopsis Whirlpool’s consolidated revenue came below ours and consensus estimates. Revenue declined 5.6% yoy. This decline is attributed downward revision in prices taken to regain the lost market share. We had already highlighted in the channel check note that WHIRL has become aggressive in terms of pricing in quest to regain its lost market share. The company. The company in its press release has mentioned there was marginal ...
Add Whirlpool of India Ltd For Target Rs.1,840 - Yes Securities
Add Whirlpool of India Ltd For Target Rs.1,840 - Yes Securities
Source: Yes Securities Ltd
2023-12-07 04:14:58 pm
Whirlpool India shares fall by over 8% after parent company announces plan to sell stake up to 24% Whirlpool of India shares are down by more than 8 per cent on Friday after the parent company announced the plans to cut its stake by up to 24 per cent. Whirlpool of India shares are down 8.83 per cent at Rs 1429 on BSE. Whirlpool Corporation on Thursday announced its intention to enter into one or more transactions to sell up to 24 per cent of its ownership interest in Whirlpool of India Limited (Whirlpool India) in 2024. Whirlpool currently maintains a 75 per cent ownership interes...
Whirlpool India shares fall by over 8% after parent company announces plan to sell stake up to 24%
Whirlpool India shares fall by over 8% after parent company announces plan to sell stake up to 24%
Source: IANS
2023-12-01 10:21:38 am
Whirlpool to sell 24% stake in India business to reduce debt  Whirlpool Corp said on Thursday it will sell up to 24% of its ownership interest in Whirlpool of India Ltd in 2024 in an effort to reduce debt levels. The company did not disclose a deal value and does not expect the sale to impact its previously issued full-year forecast, Whirlpool said in a filing. Whirlpool of India reported a 23.7% drop in second-quarter profit earlier this month, as the home appliances maker grappled with weak demand amid stiff competition. Michigan-based ...
Whirlpool to sell 24% stake in India business to reduce debt
Whirlpool to sell 24% stake in India business to reduce debt
Source: Reuters
2023-11-30 05:32:19 pm
Whirlpool's India unit posts nearly 24% drop in Q2 profit  Whirlpool of India Ltd reported a 23.7% drop in second-quarter profit on Friday, as the home appliances maker grappled with weak demand amid stiff competition. Consolidated net profit fell to 365.8 million rupees ($4.39 million) in the quarter ended Sept. 30 from 479.3 million rupees a year ago. Revenue from operations dropped more than 5% to 15.22 billion rupees. For further results highlights, click KEY CONTEXT Competitive intensity in the white goods sector has risen, ...
Whirlpool's India unit posts nearly 24% drop in Q2 profit
Whirlpool's India unit posts nearly 24% drop in Q2 profit
Source: Reuters
2023-11-03 01:41:53 pm