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