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.
The breadth and depth of the new rate cuts, analysts at Bernstein said, especially in the fast-moving consumer goods (FMCG) categories saw rate reductions well beyond what they thought was possible
Any disappointment on the rate front, analysts believe, could trigger a knee jerk correction fall in the stocks and sectors that have seen a good run in the last few weeks
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Whirlpool of India shares fell after weak Q1FY26 revenue, while analysts are cautious over leadership uncertainty
Consumer durables maker Whirlpool of India Ltd on Saturday reported a marginal increase in its consolidated net profit to Rs 146.08 crore for the June 2025 quarter. The company had posted a net profit of Rs 145.25 crore during the April-June 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 slipped 2.58 per cent to Rs 2,432.32 crore during the quarter under review. It was Rs 2,496.86 crore in the corresponding period of the previous fiscal. "Despite a very significant decline in industry of air conditioners and refrigerators in Q1 2025-26 versus a year ago due to a poor summer and onset of early monsoon that affected all players, Whirlpool was able to actually grow profits by keeping its volume decline minimal via continuing to gain market shares in the refrigerator and washer category in April-May," the company said in its earning statement. Whirlpool of India's total
Q1 FY26 company results: Balkrishna Industries, Lodha Developers, Whirlpool, ZEN Technologies, and SBFC Finance are also to release their April-June quarter earnings reports today