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Whirlpool of India (BOM:500238) Gross Margin % : 32.68% (As of Dec. 2023)


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What is Whirlpool of India Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Whirlpool of India's Gross Profit for the three months ended in Dec. 2023 was ₹5,019 Mil. Whirlpool of India's Revenue for the three months ended in Dec. 2023 was ₹15,357 Mil. Therefore, Whirlpool of India's Gross Margin % for the quarter that ended in Dec. 2023 was 32.68%.

Warning Sign:

Whirlpool of India Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.8%.


The historical rank and industry rank for Whirlpool of India's Gross Margin % or its related term are showing as below:

BOM:500238' s Gross Margin % Range Over the Past 10 Years
Min: 30.28   Med: 36.43   Max: 40.34
Current: 31.03


During the past 13 years, the highest Gross Margin % of Whirlpool of India was 40.34%. The lowest was 30.28%. And the median was 36.43%.

BOM:500238's Gross Margin % is ranked better than
55.15% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.645 vs BOM:500238: 31.03

Whirlpool of India had a gross margin of 32.68% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Whirlpool of India was -3.80% per year.


Whirlpool of India Gross Margin % Historical Data

The historical data trend for Whirlpool of India's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Whirlpool of India Gross Margin % Chart

Whirlpool of India Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.28 37.92 35.48 32.32 30.28

Whirlpool of India Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.33 27.71 30.54 33.67 32.68

Competitive Comparison of Whirlpool of India's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Whirlpool of India's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Whirlpool of India's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Whirlpool of India's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Whirlpool of India's Gross Margin % falls into.



Whirlpool of India Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Whirlpool of India's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )=Gross Profit (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=20178.7 / 66641.4
=(Revenue - Cost of Goods Sold) / Revenue
=(66641.4 - 46462.7) / 66641.4
=30.28 %

Whirlpool of India's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=5019 / 15356.5
=(Revenue - Cost of Goods Sold) / Revenue
=(15356.5 - 10337.5) / 15356.5
=32.68 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Whirlpool of India  (BOM:500238) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Whirlpool of India had a gross margin of 32.68% for the quarter that ended in Dec. 2023 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Whirlpool of India Gross Margin % Related Terms

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Whirlpool of India (BOM:500238) Business Description

Traded in Other Exchanges
Address
Plot No. 40, Sector-44, Whirlpool House, Gurugram, HR, IND, 122 002
Whirlpool of India Ltd is an India-based company that is principally engaged in producing and selling major home appliances. Its products consist of refrigerators, washing machines, air conditioners, water purifiers, microwave ovens, small domestic appliances, built-in appliances, and others. The Company's operations predominantly comprise of only one segment i.e. Home Appliances. The company also offers services to customers. The company generates the majority of total revenue from the Indian domestic market, with the rest from overseas markets. The company is headquartered in Gurgaon.

Whirlpool of India (BOM:500238) Headlines

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