India · Delayed Price · Currency is INR Whirlpool of India Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw revenue and EBITDA growth despite a weak industry, with strong cost productivity and premiumization driving margin expansion. Regulatory changes and transition costs are expected to challenge profitability in 2026, but management targets high single-digit to double-digit revenue growth over five years.
Fiscal Year 2025
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Revenue grew 17% and PBT 101% year-over-year for nine months, with strong market share gains in core categories and a 220 bps gross margin improvement. Parent's planned stake reduction to 20% aims to boost autonomy, while operational focus remains on profitable growth and premiumization.
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Record quarterly revenue and profit growth were driven by strong market share gains in refrigerators and washers, robust execution, and disciplined investments. Continued innovation, strategic partnerships, and cost productivity programs supported margin expansion, while the outlook remains focused on profitable market share growth amid competitive and cost headwinds.