Whirlpool India Q1 profit falls 29.5% as margins contract; shares drop 4%

Whirlpool of India reported Q1 FY27 revenue of Rs 2,727 crore, up 12.1% year-on-year, but net profit fell to Rs 103 crore as EBITDA margin narrowed to 5.1% from 8.7%. The company also announced senior operating and finance appointments at Elica India.

— Source publishedWed, 5 Aug, 2026, 15:24 IST·First seen Wed, 5 Aug, 2026, 17:01 IST·Source NDTV Profit

What happened

Whirlpool of India posted 12.1% Q1 FY27 revenue growth but a 29.5% profit decline as EBITDA margin narrowed to 5.1%. Shares fell over 4%. The company also named

Key facts

  • Q1 FY27 consolidated net profit: Rs 103 crore, down 29.5% year-on-year from Rs 146 crore
  • Revenue from operations: Rs 2,727 crore, up 12.1% year-on-year from Rs 2,432 crore
  • EBITDA: Rs 139 crore, down 33.9% year-on-year from Rs 211 crore
  • EBITDA margin: 5.1%, versus 8.7% a year earlier
  • Share price: Rs 788.9, down more than 4% from Rs 820.5 previous close
  • Stock down over 40% in the past year and around 12% in 2026
  • Market capitalisation: Rs 10,220 crore
  • P/E multiple: 35.25 times

Why this matters

Senior appointments at Elica India alongside Whirlpool’s weaker profitability may warrant monitoring for portfolio, partnership or restructuring moves aimed at strengthening growth and margins in appliances.

What to watch

  • Sequential EBITDA-margin movement in the next two quarterly results.
  • Management commentary on commodity costs, currency exposure, discounts and dealer incentives.
  • Evidence of price increases holding without significant volume loss.
  • Premium-product mix, especially kitchen appliances and higher-value cooling products.
  • Inventory levels, receivables and channel sell-through after the seasonal demand period.
  • Any revision to FY27 earnings guidance, capex plans or cost-restructuring actions.
  • Execution changes and financial performance at Elica India following leadership appointments.
  • Announce or implement selective price hikes and tighter promotional spending in key appliance categories.
  • Increase emphasis on premium, energy-efficient and higher-margin product launches to improve mix.
  • Review procurement, manufacturing utilization, logistics and fixed-cost structure to restore operating leverage.
  • Use the new Elica India operating and finance appointments to tighten integration, channel execution and profitability controls.
  • Guide investors on the duration of margin pressure and whether FY27 revenue-growth expectations remain intact.