| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.8K | 7.7% | 4.0% |
| Total Income | 1.8K | 7.0% | 3.5% |
| Expenditure | 1.7K | 5.8% | 2.8% |
| PBT | 32.86 | 42.9% | 44.5% |
| Net Profit | 26.92 | 35.6% | 39.5% |
| OPM | 2.94% | 1.17pp | 5.98pp |
| NPM | 1.48% | 0.98pp | 1.06pp |
| EPS | 2.09 | 35.9% | 39.6% |
Whirlpool of India Announces Q3 2025-26 Results: Revenue Up by 4%, PBT Before Exceptional Items Up by 21%
06 Feb 2026 · 6 Feb, 9:32 pm
Summary
Whirlpool of India Ltd announced its Q3 2025-26 results with a 4% increase in consolidated revenue from operations, reaching Rs 1,774 Cr. The increase was mainly due to share gains in Washers and growth in Aircon categories. Despite competitive and regulatory headwinds, the company made progress in driving premiumization, executional excellence, and cost productivity. Consolidated PBT before exceptional items increased by 21% to Rs 72 Cr, but a one-time wage code provision of Rs 39 Cr diluted the reported PBT to Rs 33 Cr, a 44.5% decrease vs LY.
Key Highlights
- 1
Consolidated Revenue from operations at Rs 1,774 Cr, up by 4.0% vs LY
- 2
Consolidated EBITDA before wage code impact at Rs 90.9 Cr, up by +31.2% vs LY
- 3
Consolidated PBT before exceptional items at Rs 72 Cr, up by 21.0% vs LY
- 4
One time Wage Code provision of Rs 39 Cr affecting the reported PBT
- 5
Elica PB India, the Company’s subsidiary, continues to deliver healthy PBT margins
- 6
Revenue grew +4% in the quarter while delivering +21% PBT before the exceptional item
Management Comments
Mr Narasimhan Eswar
Managing Director, Whirlpool of India
Q3 was a historic period for Whirlpool of India Ltd (WOIL). We declared the securing of our future in mid October 2025 with a long term deal signed with Whirlpool Corporation (WHR) that ensured multi-decadal rights to usage of the Whirlpool brand, long term technological licensing agreements for accessing world class WHR technology across current and future categories and a 3 year plus TSA (transitional services agreement) that will allow us the interim systems stability needed to drive strongly forward into the future. On the business front, despite a sluggish refrigerator/AC market, WOIL business grew revenues +4% in the quarter while delivering +21% PBT before the exceptional item of one time “wage code” adjustment per the new laws. We held volume market shares in total refrigerator and washer MBO (Multi-brand outlets) market for the quarter versus YA despite intense competition while showing an improvement of +70 bps share points vs Q2, clearly consolidating our position amongst top 3 brands in refrigerator and washer business. Our standalone net working capital for Q3 at -3.6% of sales continued to be strong highlighting our ongoing operational rigour.
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