WHIRLPOOL OF INDIA DELIVERS STRONG RESULTS

by Priya Jadhav

WHIRLPOOL OF INDIA DELIVERS STRONG RESULTS … PAT UP 14.1% vs LY

KEY HIGHLIGHTS OF Q3 2018-19

●       Total income from operations  up 26.5 %  vs LY

●       PBT  Rs 93.9 Cr

●       Profit after Tax (PAT) Rs  60.6 Cr

Mumbai, Feb 2019:  Whirlpool of India, a subsidiary of Whirlpool Corporation, the world’s leading home appliance company, today announced strong operating results for the third quarter of 2018-19.  Total income from operations of Rs 1211.5 Cr up 26.5 % vs. LY. PBT at Rs 93.9 Cr....up 12.7 % vs. LY

Mr Arvind Uppal, Chairman Whirlpool of India Limited said, “Another strong quarter for Whirlpool despite volatility on raw materials and currency. The mass market is showing positive signs and should be a key driver of growth. We remain optimistic about our business going forward "

Mr Sunil D’Souza, Managing Director Whirlpool of India Limited said, “We delivered a strong set of results in the December Quarter. Strong & focused execution of our product line up drove above industry growth and we expect that to continue given our strong product pipeline. The shift in festival timing had a positive impact on the top line. We saw high headwinds in commodities, currency and changes in duties during the quarter which also impacted the results. While we see the volatility in consumer demand and commodities/currencies continuing in the short term, we remain confident in our abilities to tackle this and continue to deliver strong results.”

About Whirlpool Corporation  : Whirlpool Corporation (NYSE: WHR) is the world’s leading major home appliance company, with approximately $21 billion in annual sales, 92,000 employees and 70 manufacturing and technology research centers in 2017. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit and other major brand names in nearly every country throughout the world.