Whirlpool India

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

Whirlpool of India on Friday said its Managing Director Vishal Bhola has resigned from the post. The company has appointed Narasimhan Eswar as Managing Director (MD) and Additional Director. Eswar joins Whirlpool of India from Ki Mobility Solutions, where he is currently holding the position of CEO and President, according to a regulatory filing. At its meeting held on Friday, the company's board accepted the resignation of Bhola. The company said its current MD will serve till April 3, 2023. Following this, Eswar's appointment will come into effect. "He (Bhola) has decided to leave the company to pursue other interests and will be relieved from the services of the company as Managing Director. "Eswar's appointment is for a period of five years starting from April 4, 2023, subject to necessary approvals and formalities," Whirlpool of India said. He has around 30 years of experience and has worked mostly with brands such as Procter & Gamble, and then Reckitt Benckiser in leadersh

According to the technical analyst from Anand Rathi, Jubilant Ingrevia can rally to Rs 570, while Whirlpool of India can target Rs 1,600 on the upside.

Consumer durables firm Whirlpool of India Ltd on Tuesday reported a decline of 88.13 per cent in its consolidated net profit at Rs 49.02 crore for the second quarter ended September 2022 on account of commodity headwinds and a one-time gain last fiscal. The company had posted a net profit of Rs 413.19 crore during the July-September period of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations was marginally up at Rs 1,611.54 crore. It was 1,607.10 crore in the September quarter of the last fiscal. Whirlpool of India's total expenses were at Rs 1,566.89 crore, up 3.33 per cent. Its profit after tax was down "mainly on account of rising commodity costs and inflation partially offset by cost-based price increases and cost productivity actions," Whirlpool of India said in an earnings statement. In the last fiscal, Whirlpool of India had acquired additional shareholding of 38.25 per cent in Elica PB I

Whirlpool's profit before exceptional items, its share of profit from joint ventures, and tax slid to 669.9 million Indian rupees

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

Consumer durables maker Whirlpool of India on Thursday said it expects domestic washing machines market to grow in double digits in the next 2-3 years with a rise in demand for mid and premium products. However, the company's entry level segment is struggling at present. The company, which has forayed into the front load segment of washing machines with its new XpertCare range, is aiming to have a higher growth rate than the industry volume growth, Whirlpool of India Managing Director Vishal Bhola said. In the last two years, the market has been very volatile but the expectation is that in the next two to three years, the washing machines segment will grow in double digits, he said here in an interaction. The Indian washing machine market is estimated to be around 60 lakh units this year. For the company, he said, "We want to grow ahead of the industry." With Whirlpool of India entering into the front load washing machines category, which accounts for 30 per cent of the total mar

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

According to the technical analyst from Anand Rathi, Hindustan Petroleum can be bought near Rs 237, while Whirlpool of India should be bought above Rs 1,680.

Given raw material pressure, margin trend is another factor

The company had posted a net profit of Rs 130.06 crore during the March quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said in a regulatory filing.

Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.

Refrigerators today come in a wide range of finishes, sizes and tech features. See what works best for your family, kitchen space and budget

According to the technical analyst from Anand Rathi, KRBL has been trading in a range of Rs 180 to Rs 340 since the last two years.

Long term growth prospects and valuations are key positives

Since November 1, 2021, the stock has underperformed the market by falling 19% after the company reported 39% YoY decline in its standalone net profit at Rs 78.50 crore in Q2

According to the technical analyst from Anand Rathi, most technical indicators are in favour of the bullish bias for these three stocks

However, its revenue from operations during July-September 2021 rose marginally to Rs 1,607.10 crore, compared with Rs 1,598.47 crore in the year-ago period

Consumer durables maker Whirlpool of India Ltd on Monday said it has inked a pact to acquire an additional 38 per cent stake in Elica PB India for $57 million (around Rs 420 crore)