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The company has entered the front-load washing machines category by launching the XpertCare range manufactured at a facility built at Rs 115 crore in Puducherry.
The Indian market is underpenetrated, with just 14 per cent share for the company. In the next decade, the company will focus on replacement and penetration as per consumers' choice, said Vishal Bhola, managing director of Whirlpool India, in Delhi.
The last two years have been volatile for the consumer durables industry, but with good value and volume growth coming in it will grow in double digits, he said. Consumers everywhere are opting for quality products for their first purchase and the trend is not restricted to metro cities.
“At present washers’ industry size is around 6 million units, out of which, 30 per cent is the front load washing machines share, Whirlpool is one of the three top players whose overall market share is around 75-80 per cent. In the last quarter, we delivered a 55 per cent value growth and 3 times the profit as compared to the previous year and I am hopeful that it will continue,” said Bhola.
The festival season accounts for 30-40 per cent of Whirlpool’s total annual sales and its online channel, which was established after the pandemic, accounts for 10-15 per cent.
The company has already built up inventories for the festival season due to uncertainty about supply chain, oil prices, interest rates and inflation, said Bhola.
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First Published: Thu, September 22 2022. 18:15 IST