Whirlpool of India Q2 Review- Capacity Expansion, Continued Market Share Gains To Drive Growth: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Whirlpool of India Ltd.’s consolidated revenue came 2.5% below estimates. Revenue grew 12.6% yoy. The company's revenue grew in double digit despite overall industry for refrigerator and washers was flattish in Q2. Revenue growth was driven by strong volume share growth in Refrigerators and washers compared to last year as well as more premium product mix driving value growth. The company continued to gain market share in its key categories of refrigerators and washers. Gross margin has improved ~206 bps Yoy, while Ebitda margins at 5.1% has just seen expansion of 27 bps. Higher employee costs which have risen by 28% on YoY has resulted in lower-than-expected Ebitda margin. The company will continue to focus of improving its market share profitability. Management focus is to implement actions like-Product innovation even at the entry level;Launching new innovative/differentiated products;Increasing confidence with respect to quality by providing enhanced warranty;Increasing retail executive across the counters and Pricing the product right. All these actions will enable the company to increase the market share and grow profitability. .Click on the attachment to read the full report:.Info Edge Q2 Results Review - Regaining Momentum: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Whirlpool of India Q2 Review- Capacity Expansion, Continued Market Share Gains To Drive Growth: Yes Securities

We upgrade the stock to Buy with revised target price of Rs 2,483 rolling forward our target multiple to FY27 estimates as the company continues to gain share.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Whirlpool of India Q2 Review- Capacity Expansion, Continued Market Share Gains To Drive Growth: Yes Securities

We upgrade the stock to Buy with revised target price of Rs 2,483 rolling forward our target multiple to FY27 estimates as the company continues to gain share.

Choose a plan

Follow Us

DOWNLOAD THE APP