Whirlpool India revenue rises 12%, but EBITDA margin contracts to 5% in June quarter

Whirlpool of India reported ₹2,727 crore in June-quarter revenue, up 12% year on year, while net profit fell 29.4% to ₹103 crore. Higher raw-material, employee and operating costs pushed EBITDA down 34% and narrowed margin from 8.7% to 5%.

— Source publishedWed, 5 Aug, 2026, 15:05 IST·First seen Wed, 5 Aug, 2026, 15:11 IST·Source CNBC-TV18 · Companies

What happened

Whirlpool of India posted June-quarter revenue growth but sharply weaker profitability as input, employee and operating costs compressed EBITDA margin to 5%.

Key facts

  • Q1 consolidated net profit ₹103 crore, down 29.4% YoY from ₹146 crore
  • Revenue ₹2,727 crore, up 12% YoY from ₹2,432 crore
  • EBITDA ₹140 crore, down 34% YoY from ₹211 crore
  • EBITDA margin 5%, versus 8.7% a year earlier
  • Profit before tax ₹138.8 crore, versus ₹196.4 crore
  • Total expenses ₹2,656.9 crore, versus ₹2,289.9 crore
  • Raw-material and component costs ₹1,427 crore, versus ₹1,187.3 crore
  • Employee benefit expenses ₹242.9 crore, versus ₹221.1 crore
  • Other expenses ₹439.3 crore, versus ₹380.7 crore
  • Shares fell as much as 4.8% to ₹781.15; later down 1.7% at ₹806.25
  • Stock down 10% year to date

Why this matters

Whirlpool India’s growth with sharply compressed profitability could make cost synergies, sourcing partnerships or portfolio rationalisation more strategically valuable than pursuing standalone expansion.

What to watch

  • Sequential EBITDA-margin movement in the September quarter and management commentary on recovery timing.
  • Raw-material trends for steel, copper, plastics and freight costs.
  • Festive-season sell-through, dealer inventory and promotional intensity versus rivals.
  • Evidence of price hikes holding without material volume loss.
  • Premium-product mix, especially in air conditioners, refrigerators and washing machines.
  • Any restructuring, cost-savings program or revised annual profitability outlook.
  • Selective price increases and reduced discounting across major appliance categories.
  • Greater emphasis on premium, higher-margin products and channel mix management.
  • Cost-control actions in procurement, manufacturing, logistics and employee expenses.
  • Tighter inventory planning ahead of festive demand to protect working capital and avoid clearance-led margin pressure.