Whirlpool of India Limited reported its financial results for the quarter and year ended March 31, 2026. The company saw consolidated revenue growth of 8.8% in Q4 and 1.4% for the full fiscal year. Growth was largely driven by market share gains in the washing machine segment, a strong performance in air conditioners, and robust double-digit growth from the Elica business, despite challenging market conditions in the refrigerator segment.
Financial Performance Highlights
For the quarter ended March 31, 2026, Whirlpool of India recorded a consolidated revenue of ₹2,181 crore, representing a 8.8% year-over-year increase. However, profitability was impacted by regulatory costs, including incremental E-waste provisions and energy efficiency upgrades for refrigerators and air conditioners. The consolidated EBITDA stood at ₹121 crore (5.6% margin), a decline of 33.7% compared to the previous year.
Full Year 2025-26 Performance
For the full financial year 2025-26, the company achieved a consolidated revenue of ₹8,034 crore, marking a 1.4% growth. While the refrigerator segment faced headwinds due to a delayed summer onset and competitive pricing, the company maintained momentum through segment premiumization and ROI-based investments. The full-year consolidated PBT reached ₹426 crore, reflecting a decline of 11.9%, partially impacted by one-time wage code provisions.
Strategic Growth Drivers
Whirlpool continues to focus on its key strategic imperatives: brand aspiration, product leadership, supply chain resilience, and execution excellence. Notable operational successes include:
- Air Conditioning Business: Achieved record-breaking monthly sales of over 1,00,000 units in March 2026, with a total annual growth of 1.4X compared to the previous year.
- Washing Machines: Successfully doubled volumes in the front-load segment and achieved triple-digit market share growth.
- Elica Integration: Elica India delivered strong results with a 30% revenue increase and 48% PBT growth, significantly contributing to the overall premiumization strategy.
Operational Improvements and Future Outlook
The company continues to leverage its P4G (Productivity for Growth) program to drive cost efficiencies, resulting in a 220 bps improvement in standalone gross margins over the last three fiscal years. Moving forward, Whirlpool plans to address portfolio gaps with the launch of new premium large-capacity Frost Free refrigerators in Q2 2026-27, further strengthening its market position.
Source: BSE
