Refile: Whirlpool of India Q2 revenue rises but profit weighed by higher costs

Whirlpool of India

Mon 11:30

Corrects syntax in headline

Overview
India appliance maker's Q2 consolidated revenue from operations rose 13.7% to INR 18.73 bln
Q2 consolidated net profit dropped to INR 251 mln

Outlook
Company did not provide specific guidance or outlook for upcoming quarters or the full year in its statement

Result Drivers
RAW MATERIAL COSTS – Q2 total expenses rose 15% yr/yr, led by a 33% increase in raw materials and components, partly offset by inventory changes
ABSENT INSURANCE RECOVERY – Prior-year's Q2 included INR 99 mln, which was the final insurance-claim tranche for a 2024 Delhi warehouse fire

Company press release: ID:nBSE98WDMg

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Consol Revenue from OPS
 
INR 18.73 bln
 
Q2 Consol Net Profit
 
INR 250.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy."
Wall Street's median 12-month price target for Whirlpool of India Limited is ₹890.00, about 6.2% above its November 9 closing price of ₹837.70
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)