Analysts believe that demand for seasonal products within consumer discretionary is expected to be normalized in Q4 with inventory expected to normalize by January 2026.
Whirlpool of India shares fell over 12 per cent after over 11 per cent stake changed hands in multiple block trades on the BSE
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Consumer durables maker Whirlpool of India on Tuesday reported a decline of 21.9 per cent in consolidated net profit at Rs 41.80 crore for the September quarter of FY'26. The company had posted a net profit of Rs 53.53 crore during the July-September quarter of the previous fiscal, according to a regulatory filing by Whirlpool of India, a subsidiary of US-based Whirlpool Corporation. Its revenue from operations was down 3.83 per cent to Rs 1,647.27 crore in the September quarter of FY'26. It was at Rs 1,712.99 crore in the corresponding period of the previous fiscal. Whirlpool of India's total expenses were at Rs 1,649.51 crore in the September quarter, down 2.33 per cent. Its total income, including other income, stood at Rs 1,697.10 crore, down 3.7 per cent in the September quarter. Shares of Whirlpool of India Ltd on Tuesday settled at Rs 1,374.20 a piece on BSE, down 0.16 per cent from the previous close.
The upward movement in Whirlpool of India's share price followed the company's announcement that it has executed several key agreements after receiving approval from its audit committee and board
Among the Nifty 500 constituents, Tejas Networks (down 56 per cent), Praj Industries (down 54 per cent), and Vedant Fashions (down 52 per cent) were among the worst hit
At 10:06 AM on Friday; the BSE Consumer Durable index was up 0.71 per cent, as compared to the 0.30 per cent rise in the BSE Sensex.