WHIRLPOOL

Whirlpool of India share price rose 8% after the company posted strong March quarter results (Q4FY25).

It currently holds 51% stake

Last year, Whirlpool Corp sold a 24 per cent stake in the Indian unit for about $468 million in a bid to reduce debt

The rally in these shares was sparked after the companies signed a Definitive Agreement, for contract manufacturing of select models of Whirlpool branded semi-automatic Washing Machines

German multinational firm Bosch is considering a multi-billion-dollar acquisition of American white goods manufacturer Whirlpool

The uptick in stock price came after the Whirlpool of India and Hindustan Unilever Ltd announced a new marketing alliance for Surf Excel, the laundry brand of the FMCG player

Appliance as washing machine maker Whirlpool of India and Hindustan Unilever Ltd (HUL) on Wednesday announced a new marketing alliance for Surf Excel, the laundry brand of the leading FMCG maker. As per the alliance, both brands will have joint marketing initiatives. The integration of innovative technologies from both brands will help in delivering superior fabric care, improving the daily laundry process, and resulting in an enhanced customer experience, according to a joint statement. Kumar Gaurav Singh, Vice President-Marketing, at Whirlpool of India, said, "Our partnership is an opportunity to leverage our combined strengths -- the coming together of superior mechanical action, thermal action and chemical action to deliver expertise in the removal of stubborn stains." Srinandan Sundaram, Executive Director, Home Care, at Unilever, said, "Our goal is to provide convenience and innovation to households across India, making laundry routines easier and more effective.

The companies are seeking to capitalise on India's equity valuations which are among the most expensive in the world after eight years of annual gains

Whirlpool raised $300 million in the US investment-grade bond market on Feb. 22 to refinance a 2024 maturity

Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75% to 51%

Goldman Sachs is advising Whirlpool on the deal, the term sheet showed. Goldman and Whirlpool did not immediately respond to requests for comment

Consumer durables maker Whirlpool of India Ltd on Friday reported a 12 per cent growth in its consolidated net profit at Rs 29.93 crore for the third quarter ended December 2023, helped by volume growth. The company had posted a net profit of Rs 26.71 crore during the October-December quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said in a regulatory filing. Its revenue from operations was up 17.9 per cent to Rs 1,535.65 crore during the quarter under review. It was at Rs 1,302.46 crore in the corresponding period of the previous fiscal. Whirlpool of India's total expenses were at Rs 1,528.92 crore in the December quarter, up 17 per cent. Its total income in the December quarter was up 17 per cent Rs 1,571.17 crore. Commenting on the result, Managing Director Narasimhan Eswar said: "We had a strong quarter on revenue and volume growth on the back of our recently launched innovations being fully available in the marketplace, competitive .

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

Whirlpool India Q2 result: The company's revenue from operations was down 5.58 per cent to Rs 1,521.56 crore during the quarter under review against Rs 1,611.54 crore last year

These include products like smartphones, wearables, large appliances, smart televisions, and washing machines

Volatility in commodity prices and rise in competitive intensity are expected to weigh on margins

Consumer durables industry coming back in terms after the setback of pandemic, says Vishal Bhola

Given raw material pressure, margin trend is another factor

Total expenses were at Rs 1,498.60 crore as against Rs 1,435.29 crore a year ago

The firm's operating revenue rose 30.5 per cent over the same quarter last year to Rs 1,341 crore