Whirlpool of India Ltd (NSE:WHIRLPOOL)
₹ 815.95 +11.55 (+1.44%) Market Cap: 103.53 Bil Enterprise Value: 81.06 Bil PE Ratio: 41.26 PB Ratio: 2.49 GF Score: 77/100

Q3 2026 Whirlpool of India Ltd Earnings Call Transcript

Feb 12, 2026 / 10:30 AM GMT
Release Date Price: ₹888.35 (-3.01%)

Key Points

Positve
  • Whirlpool of India Ltd (BOM:500238) has secured long-term brand and technology agreements with Whirlpool Corporation, ensuring access to current and future technologies.
  • The company reported a healthy EBITDA growth of 47% year-over-year, driven by higher volumes and revenue.
  • Whirlpool of India Ltd (BOM:500238) has maintained a strong market position in the direct cool refrigerator segment, with shares well above 20%.
  • The company has introduced several new products, including premium glass door refrigerators and advanced washing machines, which have been well-received in the market.
  • Whirlpool of India Ltd (BOM:500238) has shown improvement in gross margins, moving from 30.3% to 30.8% over nine months, indicating effective cost management.
Negative
  • The company faces intense competition, particularly in the direct cool and top load washing machine segments, leading to challenges in market share growth.
  • Whirlpool of India Ltd (BOM:500238) reported a decline in reported PBT by 60% due to a one-time wage code provision.
  • The market for refrigerators and washing machines has been weak, impacting overall sales growth.
  • There is significant regulatory impact expected in 2026 due to changes in energy ratings for refrigerators and air conditioners, which may affect profitability.
  • The company is navigating a transition period following Whirlpool Corporation's reduction in stake, which may lead to operational and strategic adjustments.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WHIR.NS - Whirlpool of India Ltd
Q3 2026 Whirlpool of India Ltd Earnings Call
Feb 12, 2026 / 10:30AM GMT

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Presentation
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Thank you very

First

Introduce my for managing director of the company.

I'd like to welcome you to this analyst call.

Thank you for taking out your time and joining us.

Let me get on with the presentation.

If I could ask you to please, go to the section

That basically has the agenda.

There are 3

Agenda items

The slide this this business overview strategic imperatives and financial performance.

I'll be covering the business for you in the strategic imperitives and my colleague Ms Saajan will cover.

If you can just go to

Slide that says signed long-term contracts.

So the first thing we'd just
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