Whirlpool of India Limited delivered a revenue growth of approximately 7.4% versus the previous year for the quarter ended March 31, 2026, securing the number two position in the T2 segment based on multi-brand outlet volume market share. The company announced that March 2026 marked the highest ever shipment month in its history, surpassing the previous record set in April 2019. This performance was detailed in the investor presentation submitted to the stock exchanges for the conference call held on May 22, 2026.

The company maintained market leadership in direct cool refrigerators and achieved the number two position in top load and semi-automatic washers for the quarter. Front load washer volumes doubled, accompanied by a triple-digit increase in market share. Additionally, the air conditioner segment exceeded 100,000 units in March, with quarterly volume growth surpassing 50%. The Elica performance also remained strong, with revenue increasing by 30% and profit before tax rising by 48%.

Strategic and Operational Highlights

The company focused on premiumisation and new product launches during the period. Key initiatives included the phase-in and phase-out of refrigerators, the launch of new products such as Protton NXT and 9kg steam front load washers, and scaling up air conditioner and front load washer operations. Whirlpool also introduced the BloomWash 11 kg in Juniper Green, featuring new claims like easy removal and no water spillage.

Financial Performance

While specific absolute figures were not disclosed in the presentation, the company noted that margins were impacted by energy changes in refrigerators and air conditioners, as well as an incremental impact from e-waste. Whirlpool reported negative net working capital in its refrigerator and washer segments, with planned investments earmarked for air conditioner net working capital. The company is closely monitoring the supply situation arising from the Middle East conflict.

Conference Call Recording

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the Conference Call for Investors/Analysts for Q4 FY 2025-26 held on May 24, 2026, is available on the company's website.

Whirlpool of India Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company delivered high single-digit revenue growth in Q4, though profitability faced significant pressure from regulatory headwinds and commodity inflation. The Board of Directors has recommended a final dividend of Rs 5 per equity share for the financial year 2025-26.

Q4 Financial Performance

Consolidated Revenue from Operations for the quarter stood at Rs 2,181 Cr, compared to Rs 2,005 Cr in the same period last year, reflecting a 9% year-on-year increase. Despite the topline growth, profitability metrics declined sharply. Consolidated EBITDA fell to Rs 121 Cr from Rs 183 Cr in the prior-year period, with the EBITDA margin contracting to 5.56% from 9.13% year-on-year. Profit Before Tax (PBT) dropped 29% to Rs 110 Cr, while net profit declined to Rs 81 Cr from Rs 119 Cr in the same quarter last year.

The company noted that profitability in Q4 was impacted by regulatory headwinds, including incremental E-waste provisions and energy transition costs for air conditioners and refrigerators, exacerbated by war-led commodity inflation.

Annual Performance

For the full year ended March 31, 2026, Consolidated Revenue from Operations reached Rs 8,034 Cr, registering a 1.4% increase year-on-year. The first half of the fiscal year faced significant challenges, including a weak summer season and extraordinary competitive pricing, which led to a 3% revenue decline in H1. However, the second half saw a progressive recovery, delivering 6.6% revenue growth driven by market share gains in the washer and air-conditioning segments.

Consolidated EBITDA for the year was Rs 481 Cr, lower by 12.6% versus the previous year. Consolidated PBT before exceptional items was Rs 426 Cr, a 12% decrease, while Consolidated PAT was Rs 295 Cr after accounting for the full impact of new wage code regulations. The consolidated material margin declined by 50 basis points year-on-year due to cost headwinds.

Subsidiary Performance

Whirlpool's subsidiary, Elica PB India, continued its strong performance during the period. It reported 30% revenue growth and 50% PBT growth in Q4 FY26. For the full year, the subsidiary achieved 12% revenue growth and 15% PBT growth.