Whirlpool of India Limited has announced its financial results for the second quarter of the fiscal year 2026-27, ending September 30, 2026. The company achieved a notable 14% increase in consolidated revenue year-over-year, reaching ₹1,873 crore. This growth was driven by industry volume, strategic pricing, and premium product offerings, including the launch of the ‘Luxuriem’ refrigerator range. Despite headwinds from commodity inflation and currency depreciation, the company is implementing cost-productivity initiatives and price adjustments to safeguard margins.
Whirlpool of India Delivers Double-Digit Revenue Growth in Q2
Whirlpool of India Limited (WOIL) has reported strong financial performance for the second quarter of the fiscal year 2026-27, which concluded on September 30, 2026. The company announced a significant 14% year-over-year increase in consolidated revenue from operations, amounting to ₹1,873 crore.
Key Q2 2026-27 Highlights
- Consolidated Revenue: ₹1873 Cr (14% increase YoY)
- Consolidated EBITDA: ₹40 Cr (2.1% margin, lower by 140 bps vs LY)
- Consolidated PBT (before exceptional items): ₹34 Cr (1.8% margin, lower by 110 bps vs LY)
Driving Factors for Revenue Growth
The impressive top-line momentum was attributed to a combination of factors including overall industry volume growth, successful strategic price adjustments, and the ongoing premiumisation of its product portfolio. To further enhance its premium offering, WOIL proudly launched the “Luxuriem” refrigerator range during the quarter. This new range features a premium 4-door, 654-litre capacity, designed to meet the demands of modern Indian consumers seeking sophisticated aesthetics and intelligent functionality.
Navigating Market Headwinds
Despite the robust revenue growth, consolidated EBITDA and Profit Before Tax (PBT) for the quarter stood at ₹40 Cr and ₹34 Cr, respectively. These figures reflect the impact of headwinds such as commodity inflation, exacerbated by geopolitical instability, rising crude oil prices, and currency depreciation. Additionally, margins were affected by increased costs due to new energy regulations in the refrigerator and air conditioner segments, as well as investments made for the Luxuriem launch.
To counter these pressures and safeguard margins, Whirlpool of India implemented strategic price increases and reinforced internal cost-productivity initiatives, notably its P4G program. An additional price increase of approximately 5% was effected from November 1, 2026, to further mitigate ongoing inflationary pressures.
Subsidiary Performance
Elica India, a subsidiary of WOIL, also demonstrated strong performance, recording a 12% increase in revenue and a 22% rise in PBT for the second quarter of FY 26-27. This sustained growth trajectory of Elica India continues to contribute significantly to the consolidated financial results.
About Whirlpool of India Limited
Whirlpool of India Limited (WOIL), headquartered in Gurugram, is a leading manufacturer and marketer of major home appliances in India. The company operates three state-of-the-art manufacturing facilities located in Faridabad, Puducherry, and Pune, underscoring its commitment to delivering best-in-class solutions to its consumers.
Source: BSE
