Whirlpool of India Q3 Results Review - Market Share, Margins Set To Improve; Upgrade To Buy: 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 inline with the estimates. Revenue grew 17.9% YoY. Double digit revenue growth was driven by executional excellence, cost productivity and shifting of festive season with more festive days falling in Q3 versus Q2 in previous year.Volume across the category grew for Whirlpool with them grew faster than the market resulting in market share gains. The company has rationalised the prices and have added significant amount of retail executive that have enable to derive incremental revenue from the distribution.Whirlpool expects growth momentum to continue in the ensuing quarters as well. The company has guided high single digit revenue and margins over longer term. This guidance is given taking current environment into account where durables industry is facing growth challenges and competitive intensity is significantly high.Guidance will be revised if the current environment changes. Gross margin has improved ~35 basis points on stable raw material prices, however it is still below its historical high that company used to enjoy, hence there is further scope for improvement. Ebitda margin has remained in low single digit as pricing action and increased investments in retail executive has resulted in higher costs negating benefit of cost takeout program..Click on the attachment to read the full report:.SBI Q3 Results Review - Upside Risks To Core PPoP In FY25 Due To Lower Staff Cost: Prabhudas Lilladher.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 Q3 Results Review - Market Share, Margins Set To Improve; Upgrade To Buy: Yes Securities

Company has now started to gain market share from past two quarters after it took pricing action and added field executives and new launches.

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Whirlpool of India Q3 Results Review - Market Share, Margins Set To Improve; Upgrade To Buy: Yes Securities

Company has now started to gain market share from past two quarters after it took pricing action and added field executives and new launches.

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