Whirlpool of India , a leading home appliance manufacturer, is witnessing a significant development in its potential stake sale. Recent reports indicate that Bain Capital, previously considered a strong contender, has withdrawn its interest in acquiring a stake in the company. This leaves EQT Group as the sole bidder in ongoing negotiations for a substantial 31% stake in Whirlpool of India.

EQT Group in Exclusive Talks

With Bain Capital's exit, EQT Group, a global investment organization, now stands as the exclusive party in discussions for the significant minority stake. The 31% stake under negotiation represents a considerable portion of Whirlpool of India's ownership, potentially influencing the company's future strategic decisions.

Valuation Adjustments

In an interesting turn of events, sources close to the matter suggest that the negotiations are proceeding at a notably lower valuation than initially anticipated. This adjustment in valuation could have far-reaching implications for both Whirlpool of India and its potential new stakeholder, EQT Group.

Market Implications

The withdrawal of Bain Capital and the subsequent sole focus on EQT Group may impact the dynamics of the deal. With reduced competition in the bidding process, it remains to be seen how this will affect the final terms of the potential stake acquisition.

Looking Ahead

As negotiations continue between Whirlpool of India and EQT Group, stakeholders and market observers will be keenly watching for any developments. The outcome of these talks could significantly influence Whirlpool's operations and market position in India's competitive home appliance sector.

Investors and industry analysts are advised to stay tuned for further updates on this evolving situation, as it could potentially reshape the landscape of India's home appliance market.

Whirlpool of India Limited , a leading home appliances manufacturer, has announced its financial results for the first quarter ended June 30, 2025. The company demonstrated resilience in a competitive market environment, reporting a marginal increase in profitability despite a slight dip in revenue.

Financial Highlights

On a standalone basis, Whirlpool of India reported:

The company's revenue from operations stood at ₹2,317.47 crores, showing a slight decrease of 2.8% compared to ₹2,383.70 crores in the same quarter of the previous year. Despite the revenue decline, Whirlpool managed to improve its bottom line, with net profit increasing marginally by 0.8% to ₹135.07 crores, up from ₹134.03 crores in the corresponding quarter.

Consolidated Performance

On a consolidated basis, which includes the results of its subsidiary Elica PB Whirlpool Kitchen Appliances Private Limited, the company reported:

• Revenue from operations of ₹2,432.32 crores, compared to ₹2,496.86 crores in the previous year's quarter.
• Net profit of ₹146.08 crores, up from ₹145.25 crores in the same period last year.

Operational Insights

The company's Board of Directors approved these unaudited financial results at a meeting held on July 26, 2025. The results reflect Whirlpool's ability to maintain profitability despite challenging market conditions.

Whirlpool of India continues to operate predominantly in the Home Appliances segment, as stated in the company's segment reporting. The slight decrease in revenue might be attributed to various market factors, but the company's ability to improve profitability suggests effective cost management and operational efficiency.

Other Financial Metrics

The standalone financial results also revealed:

• Other income of ₹48.97 crores, contributing to the total income of ₹2,366.44 crores.
• Employee benefits expense stood at ₹207.82 crores.
• Finance costs were reported at ₹14.36 crores.
• Depreciation and amortization expense amounted to ₹47.76 crores.

Disclosure and Compliance

In compliance with regulatory requirements, Whirlpool of India will publish the extracts of the financial results in the prescribed format in all editions of Financial Express (English) and the Pune edition of Loksatta (Marathi) on or before July 28, 2025. The full format of the financial results will be available on the stock exchange websites and the company's official website.

The company's commitment to transparency is evident from its prompt disclosure of the quarterly results and the comprehensive review conducted by its statutory auditors, M/s. S.R. Batliboi & Co. LLP.

As Whirlpool of India Limited navigates through the dynamic home appliances market, investors and stakeholders will be keenly watching how the company strategizes to drive growth and maintain its market position in the coming quarters.