Mumbai — Whirlpool of India reported a 29.4 percent decline in consolidated net profit for the quarter ended June 2026 as higher raw material and operating costs offset double-digit revenue growth.
The home appliance maker posted a first-quarter profit of Rs 103 crore, down from Rs 146 crore in the same period a year earlier, according to a stock exchange filing.
Revenue from operations increased 12 percent to Rs 2,727 crore from Rs 2,432 crore. However, total expenses rose to Rs 2,656.9 crore from Rs 2,289.9 crore, putting pressure on margins.
Earnings before interest, taxes, depreciation and amortization fell 34 percent to Rs 140 crore from Rs 211 crore. EBITDA margin narrowed to 5 percent from 8.7 percent a year earlier.
Profit before tax declined to Rs 138.8 crore from Rs 196.4 crore.
Raw material and component costs increased to Rs 1,427 crore from Rs 1,187.3 crore. Employee expenses rose to Rs 242.9 crore from Rs 221.1 crore, while other expenses climbed to Rs 439.3 crore from Rs 380.7 crore.
Depreciation and amortization expenses edged up to Rs 54.5 crore from Rs 53.6 crore, while finance costs totaled Rs 14.8 crore.
Total comprehensive income fell to Rs 103.8 crore from Rs 146.6 crore in the year-ago quarter.
Whirlpool India said it continues to operate in a single business segment covering home appliances. Its consolidated results include wholly owned subsidiary Whirlpool of India Kitchen Appliances Private Limited.
The company’s shares fell nearly 5 percent in early trading after the results were announced but recovered some losses to close 1.4 percent lower at Rs 809. (Source: IANS)
