WHIRLPOOL

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

Whirlpool forecast a smaller drop in sales for the year and reinstated earnings targets after posting better-than-expected quarterly profit

Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.

The Gurugram-headquartered firm's PBT fell from Rs 161.4 crore to Rs 119 crore in the last quarter.

Since June 2015, the stock of Whirlpool of India has rallied 330 per cent, as compared to a 49 per cent rise in the S&P BSE Sensex.

The company had posted a net profit of Rs 1.32 billion in the corresponding period last year

The acquisition for kitchen appliances maker Elica India is part of its strategy to achieve its $1 billion revenue target by 2020

Elica PB India is a subsidiary of Elica SpA Italy and has been operating in India since 2010

As the durables company forays into commercial appliances, it looks at differentiated features and durability to woo highly evolved consumer segment

The consumer durables player has modified its decades-old logo

As sales decline in the UK following the vote in June to leave the European Union

At present, all Whirlpool's built in product range is imported from Europe in India

The company is moving aggressively into e-commerce in the face of increasing competition from the top three players in the consumer durables market

To attract the consumers, it has scheduled new launches in every category during the festive period

Shares of the company were trading 0.25 per cent down at Rs 952.15 on BSE