Q4 2026 Whirlpool of India Ltd Earnings Call Transcript
Key Points
- Whirlpool of India Ltd (BOM:500238) achieved a revenue growth of 7.4% in Q4 FY26, recovering from earlier quarters' declines.
- The company secured the number two position in market share for refrigerators and washing machines in multi-brand outlets for March 2026.
- Elica, a subsidiary, reported a 30% increase in revenue and a 48% increase in profit before tax for the quarter.
- The company achieved its highest ever shipment month in March 2026, surpassing previous records.
- Whirlpool of India Ltd (BOM:500238) maintained a negative net working capital in its refrigerator and washer business, indicating efficient working capital management.
- Margins were impacted due to energy change regulations and incremental E-waste costs, affecting profitability.
- The supply situation remains challenging due to geopolitical tensions, impacting costs and component availability.
- The refrigerator industry faced a decline, driven by a drop in Direct Cool Refrigerators, affecting overall growth.
- The company experienced a decline in volume market share for Direct Cool and Frost-Free Refrigerators due to regulatory changes and competitive pricing.
- Profitability was further impacted by regulatory cost upcharges and the inability to fully pass on these costs to consumers.
Ladies and gentlemen, good day, and welcome to the analyst call of Whirlpool of India Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Deepak Agarwal from Axis Capital Limited. Thank you, and over to you, sir.
Good evening, ladies and gentlemen. On behalf of Axis Capital Limited, we welcome you all to Whirlpool of India analyst call for the fourth quarter financial year FY26. From the management side, we have the Chairman of the Group, Mr. Arvind Uppal; Mr. Aditya Jain, Chief Financial Officer of the company; and Ms. Sweta Srivastava, Company Secretary, joining the call. We thank Whirlpool of India to give us opportunities to host this call.
Now I hand over the floor to Sweta ma'am. Thanks and over to you, ma'am.
Thank you, Deepak. Good evening, everyone. I would like to welcome you to the Q4 financial year '25
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